$1,630,000
$1,699,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
0.41 Acres Lot
SOLD DATE : 07/07/2014
Key Details
Sold Price $1,630,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC14062401
Sold Date 07/07/14
HOA Y/N No
Year Built 1965
Lot Size 0.409 Acres
Property Description
To be sold with adjacent 4-plex at 10550 Bell Street and to closed concurrently. Very rare opportunity to buy 8 units (2 adjacent 4-plexes) with 30 year fixed rate financing. There is no alley but a u-shaped driveway surrounding the properties on 3 sides with garages in the rear. So, you get to control all the parking area. Each 4-plex has extremely large 2 bedroom 2 bath units which are approx. 1,025 sq ft and a 1 bedroom unit with approx 861 sq ft. Current owner is only the second owner since the property was built. Superb location only one block from the city of Cypress and on a very clean cul-de-sac street with a beautiful condo complex directly across the street and other newer properties on the street. Very difficult to find 4-plexes in this price range in such a nice area. This is a must see location. Lots of employment nearby. Hardly every a vacancy here as this is a very desirable area. Each 4-plex comes with 4 enclosed garages (2 doubles). Roof is approx 10 yrs. new. Asphalt was redone in 2006. Newer copper plumbing and rain gutters. Laundry equipment, 2 washers and 2 dryers, included. Only the second time ever on the market. Low rents due to long term tenants. One owner is CA. R/E Licensee... THIS IS A GREAT OPPORTUNITY!!! DON'T DELAY!!!
Location
State CA
County Orange
Area 11 - Westside
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Asphalt
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Utilities Available Sewer Available, Sewer Connected
Total Parking Spaces 8
Private Pool No
Building
Lot Description Cul-De-Sac, Paved, Rectangular Lot
Story 2
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
Others
Tax ID 07931265
Acceptable Financing Cash, Cash to New Loan, Conventional, Fannie Mae, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Fannie Mae, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Grant Hahn • Morgan Skenderian
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "