4891 Grace AVE Active Save Request In-Person Tour Request Virtual Tour
Cypress,CA 90630
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision ,N/A
MLS Listing ID OC24128885
Year Built 1945
Lot Size 7,405 Sqft
Property Description
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.
Location
State CA
County Orange
Area 80 - Cypress North Of Katella
Interior
Heating Central,Forced Air
Cooling Central Air
Flooring Carpet,Laminate,Tile
Fireplaces Type None
Laundry Electric Dryer Hookup,Gas Dryer Hookup,In Garage,In Kitchen
Exterior
Exterior Feature Rain Gutters
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs,Street Lights
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Shingle
Building
Lot Description 0-1 Unit/Acre,Corner Lot
Story 1
Foundation Combination
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard