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Cypress, CA 90630,4891 Grace AVE
Cypress, CA 90630,4891 Grace AVE
Cypress, CA 90630,4891 Grace AVE
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$1,950,000
Est. payment /mo
7,405 Sqft Lot
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UPDATED:

09/30/2024 06:42 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision ,N/A

MLS Listing ID OC24128885

Construction Status Turnkey

HOA Y/N No

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

Interior Features Ceiling Fan(s), Open Floorplan

Heating Central, Forced Air

Cooling Central Air

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Electric Range, Gas Range

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

Exterior

Exterior Feature Rain Gutters

Parking Features Assigned

Garage Spaces 4.0

Carport Spaces 2

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

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot

Story 1

Entry Level One,Two

Foundation Combination

Sewer Public Sewer

Water Public

Architectural Style Cottage

Level or Stories One, Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 26231204

Energy Description 1200.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Shelly Kay Hilliard • Coldwell Banker Realty • 714-580-4500
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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4891 Grace AVE