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    4891 Grace Avenue

    Cypress, CA 90630
    • $1,550,000
    • STATUS: Active Under Contract
    • ON SITE: 24 days
    • ID#: V1-6965
    Under Contract
    UPDATED: 40 min ago
    $1,550,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,562
      SQFT
    • $435
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    Investors, add this property to your portfolio! A well-maintained residential income property with 2 of 3 units vacant for an immediate upside to obtain current market rents. Sellers will consider a 2 year lease-back at $2,950.00 a month for the 3 bed / 2 bath with garage facing Grace Ave! The attached 2nd dwelling was built in December of 1998. The approx. 3,362 sf property is on a corner lot of approx. 6,372 sf. Two of three units are 3 beds / 2 baths with garages. The 3rd unit has 2 beds / 2 baths with a carport. Unit facing Grace Ave is approx. 1,120 sf, the 1st level vacant unit is approx. 1,106 sf, the 2nd level vacant unit is approx. 1,125 sf. All units' foot prints flow well with roomy kitchens. All units have HVAC! The owner-occupied unit boasts an attractive kitchen. Owner-occupied unit is separated from both vacant units by two-garages. The two vacant units consists of a lower and upper unit with entry access on opposite sides of the building for privacy, with quality kitchens to entertain. Two separate garages are fully finished with drywall. New carpets in the 2 vacant units and the owner-occupied units' carpet is only 2 years installed. The exterior landscape is simple, attractive with minimal maintenance. Two water meters, 1 meter for 4891 Grace and 1 that services both vacant units on 8601 La Salle. Two electric meters, two gas meters and two water meters - 1 meter each for 4891 Grace and 1 meter each that services both vacant units. Roof reached only half its' installed life. This property does not look or feel like the average duplex / triplex, this property will make your tenants feel like home to promote long-term tenancies. Projected rents for 2nd level 3 beds / 2 baths with garage $2,850.00 mo. 1st level 2 beds / 2 baths with a carport $2,750.00 mo.

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    Based on information from CRISNet MLS as of 2021-08-02T20:56:28.077. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-02T20:56:28.077. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/119129415
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    4891 Grace Avenue Cypress, CA 90630

    • Price: $1,550,000
    • Status: Active Under Contract
    • Updated: 40 min ago
    • ID#: V1-6965
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,562
    SQFT
    $435
    $/SQFT
    1946
    Built
    Neighborhood:
    Other
    County:
    Orange
    Area:
    80 - Cypress North Of Katella
    Property Description
    Investors, add this property to your portfolio! A well-maintained residential income property with 2 of 3 units vacant for an immediate upside to obtain current market rents. Sellers will consider a 2 year lease-back at $2,950.00 a month for the 3 bed / 2 bath with garage facing Grace Ave! The attached 2nd dwelling was built in December of 1998. The approx. 3,362 sf property is on a corner lot of approx. 6,372 sf. Two of three units are 3 beds / 2 baths with garages. The 3rd unit has 2 beds / 2 baths with a carport. Unit facing Grace Ave is approx. 1,120 sf, the 1st level vacant unit is approx. 1,106 sf, the 2nd level vacant unit is approx. 1,125 sf. All units' foot prints flow well with roomy kitchens. All units have HVAC! The owner-occupied unit boasts an attractive kitchen. Owner-occupied unit is separated from both vacant units by two-garages. The two vacant units consists of a lower and upper unit with entry access on opposite sides of the building for privacy, with quality kitchens to entertain. Two separate garages are fully finished with drywall. New carpets in the 2 vacant units and the owner-occupied units' carpet is only 2 years installed. The exterior landscape is simple, attractive with minimal maintenance. Two water meters, 1 meter for 4891 Grace and 1 that services both vacant units on 8601 La Salle. Two electric meters, two gas meters and two water meters - 1 meter each for 4891 Grace and 1 meter each that services both vacant units. Roof reached only half its' installed life. This property does not look or feel like the average duplex / triplex, this property will make your tenants feel like home to promote long-term tenancies. Projected rents for 2nd level 3 beds / 2 baths with garage $2,850.00 mo. 1st level 2 beds / 2 baths with a carport $2,750.00 mo.
    Exterior Features

    Entry Level 1 Fence YN No Fencing None Foundation Details RaisedSlab Lot Features Sprinklers None Lot Size Area 6372.0000 Parking Features ConcreteGarage - Two DoorGarage Door OpenerStreet Parking Total 4.00 Parking YN Yes Road Frontage Type City Street Roof Common RoofShingle View None View YN No

    Interior Features

    Appliances DishwasherGas CooktopGas Oven Appliances YN Yes Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes Laundry Features Gas Dryer Hookup Laundry YN Yes

    Property Features

    Community Features Curbs Exclusions Classic Car in The Garage Of Vacant UnitsAll Personal Property Of SellersRadio Mounted inside Kitchen Cabinet in The Owner-Occupied UnitCordless Tool Rack in The GarageMobile Granite Cutting Board in Owner-Occupied UnitRefrigerator in Owner-Occupied Unit. Gross Income 97000.00 Gross Scheduled Income 97000.00 Inclusions All Built-In Kitchen Appliances (There Are No Refrigerators in Both Vacant Units)White Built-In Garage Shelving/Cabinets in Owner-Occupied Garage. Insurance Expense 1200.00 Land Lease YN No Net Operating Income 76000.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 18700.00 Pool Features None Pool Private YN No Property Attached YN Yes Rent Control YN No Senior Community YN No Spa Features None Spa YN No Special Listing Conditions Standard Subdivision Name Other Other Total Expenses 18700.00 Trash Expense 100.00 Zoning Sfr

    Listing provided courtesy of Steven Canchola, CA DRE# , of Real Investments.


    Based on information from CRISNet MLS as of 2021-08-02T20:56:28.077. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-02T20:56:28.077. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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