Active

4891 Grace Avenue

Cypress CA, 90630

$1,850,000


$519.23 per sqft

Active

3,563 sqft

Multi-family

Built in 1945

Listed by Shelly Kay Hilliard with Coldwell Banker Realty 714-374-4459

Diversify your investment portfolio 5.5% Cap Rate!!! Seize this exceptional opportunity before it's gone! This property offers market rents and comprises a single-family house paired with an attached Duplex, complete with separate garages. Situated on a corner lot spanning approximately 7,405 square feet, it's a haven for astute investors seeking versatility and value.

The duplex boasts a total living space of approximately 3,362 square feet, with both the original Single Family Residence (SFR) and the secondary dwelling equipped with their own HVAC systems, ensuring optimal comfort for occupants.

The SFR, nestled on Grace Ave, features three bedrooms and two bathrooms. Meanwhile, the secondary dwelling offers flexibility with a three-bedroom, two-bathroom unit and a separate two-bedroom, one-bathroom unit. Each residence boasts its own separate garage or secure gated carport, providing convenient parking options.

Inside, both residences feature laundry hookups, enhancing their appeal and practicality. The SFR on Grace Ave spans approximately 1,120 square feet, while the dwelling on La Salle encompasses approximately 1,106 square feet on the first level and 1,125 square feet on the second level.

Privacy and functionality are paramount, with the home on Grace Ave thoughtfully separated from the secondary dwelling by two meticulously finished garages, adorned with drywall, showcasing meticulous attention to detail throughout the property.

Outside, the exterior landscape offers an inviting and low-maintenance setting, enhancing curb appeal while minimizing upkeep requirements.

Moreover, the property is fully equipped with two electric meters, two gas meters, and two water meters, ensuring personalized utility tracking for each residence on Grace Ave and La Salle.

Don't miss out on this exceptional investment opportunity! Contact us today to discover more and secure your future in Cypress real estate.

OC24128885

MLS ID

June 24, 2024

Listed

July 8, 2024

Updated

Map

4891 Grace Avenue
Cypress CA, 90630

Interior Features

Total Stories

1


Interior Features

Ceiling Fan(s), Open Floorplan


Appliances

Electric Range, Gas Range


Laundry Description

Electric Dryer Hookup, Gas Dryer Hookup, In Garage, In Kitchen


Floor Description

Carpet, Laminate, Tile


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Forced Air

Exterior/Building Features

Lot Size

0.17 Acres


Exterior Features

Rain Gutters


Lot Features

0-1 Unit/Acre, Corner Lot


Architectual Style

Cottage


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

80 - Cypress North of Katella


Days on Market

14


Garage

Yes


Garage Spaces

4


Parking

Assigned


Parking Total

9


View

No


View Description

None


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2%

Listing Contact: 714-374-4459 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/8/2024 at 9:15 PM UTC

 

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