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DESCRIPTION

Rare Cypress Investment Opportunity: 5 Units total each with their own Private Garage. Great location in a great neighborhood includes some Interior and Exterior Upgrades. The front Unit includes: 3 Bedrooms and 1 Baths, w/another 3 of the units include 2 Bedrooms and 1 Bath and one unit includes 1 bedroom 1 bath. This property has a nice courtyard area of which 4 of the 5 units all share. Rents are currently below market rate and way over due for increase.

KEY DETAILS
  • Price:
  • $1,599,500
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • 4,887
  • Acreage:
  • 0.40
  • Year Built:
  • 1971
  • MLS #:
  • SR18175557
  • Street Address:
  • 5582 Newman Street
  • City:
  • Cypress
  • State:
  • CA
  • Postal Code:
  • 90630
  • County:
  • Orange
  • Area:
  • Cypress South Of Orangewood
  • Listing Status:
  • For Sale - Pending

Building

  • Building Floors:
  • 1
  • Construction Description:
  • Stucco
  • Flooring:
  • Concrete Slab
  • Foundation:
  • Foundation - Concrete Perimeter
  • Number Of Units:
  • 5
  • Stories:
  • One Level
  • Style:
  • Traditional
  • Total # Of Buildings:
  • 3
  • Total Building Square Footage:
  • 4887
  • View:
  • No View
  • Year Built:
  • 1971

Business

  • Net Operating Income:
  • 79200.00

Land

  • Approximate Lot Size Range Source:
  • Public Records
  • Lot Features:
  • Sidewalks
  • Lot Square Footage:
  • 17424

Listing

  • Days On Market:
  • 83

Money

  • Price Per Square Foot:
  • 327.30

Structures

  • Garage Capacity:
  • 5.0
  • Pool Description:
  • No Pool

Systems

  • Existing Water:
  • Water District, Public
  • Heating:
  • Wall Heater

Source

  • Listing Provided By Leovy Albarado of RE/MAX All-Pro (DRE#: 01295319)

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NOTES

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