0.34 Acres Lot
0.34 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Cypress
MLS Listing ID RS26053694
HOA Y/N No
Year Built 1957
Lot Size 0.344 Acres
Property Sub-Type Apartment
Property Description
This is an exceptional investment opportunity on an expansive 15,000 sq ft lot featuring five charming 2-bedroom, 1-bath bungalow-style units. Each unit has been tastefully remodeled, offering updated interiors that appeal to today's tenants while maintaining the classic bungalow character. Improvements include modernized kitchens and baths, refreshed flooring, and updated finishes throughout. Each unit has it's own outdoor space, to BBQ, entertain or just enjoy the sunshine. The large lot allows for excellent spacing between units, creating a comfortable and private residential environment rarely found in multi-unit properties.
In addition to attached, private garages for each unit, the property also offers 4 off-street spaces along the driveway and public street parking. This amazing property sits directly across the street from the newly improved Arnold Cypress Park, providing tenants with immediate access to open green space, recreation, and neighborhood amenities.
With strong rental appeal, a highly desirable location, and multiple standalone bungalow units, this property presents an outstanding opportunity for investors seeking stable income with long-term upside potential. Zoned RM15, this sizable parcel also offers future development or expansion possibilities (buyer to verify with the city).
Ideally suited for investors looking to add a well-maintained, high-demand multi-unit property to their portfolio.
Location
State CA
County Orange
Area 80 - Cypress North Of Katella
Zoning RM15
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Driveway, Garage, Public
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Biking, Dog Park, Park
View Y/N Yes
View Park/Greenbelt, Neighborhood
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 26243127
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard, Trust
Nearby Locations