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.
Rare Investment Opportunity with Dual Income Potential Here's your chance to seize a rare investment opportunity! This property offers not one, but two dwellings on a single lot, providing both living space and rental income potential. The main residence is a spacious single-family home offering 3 bedrooms, 2 bathrooms and spanning over 1500 square feet. With a 2-car garage and a custom-built design, this home exudes quality and comfort. Inside, you'll find a huge kitchen adorned with granite countertops, perfect for culinary enthusiasts, a spacious living room adorned with vaulted beamed ceilings, creating an inviting atmosphere for relaxation and entertainment, and generously sized bedrooms which ensure ample space for residents. What's more, this property includes a separate building with three units, each equipped with its own garage and separate meters. Currently occupied, these units offer additional rental income potential for savvy investors. The main residence alone could fetch great in rental income, making this property an attractive option for investors seeking long-term returns. Alternatively, live in the main house while enjoying income from the rental units—a win-win situation! Located in an area with great Cypress schools, this property offers both financial potential and a desirable living environment. Don't miss out on this exceptional investment opportunity! Reach out today to schedule a viewing and explore the possibilities that await you.
Highly sought after Detached Duplex located in the heart of Cypress. This property is both rare and an outstanding opportunity. The property features two homes on one lot with separate utilities and separate addresses. The vacant property is located at 5702 St Ann Ave and is a 2 bedroom 1 bath single story that has been recently updated and upgraded with a 2 garage and cute yard. The second property at 8791 Cypress Ave is an attractive 3 bedroom 2 bath single story with a yard and also features an attached garage. The tenants on Cypress have been given notice. The homes are on separate streets facing opposite direction providing plenty of privacy. Near good schools with plenty of shopping and great freeway access these properties are a great fit for an owner occupant buyer looking for an additional income producing property or for a savvy investor.
Developers here is your chance! 1st time on the market! Over 21,000 Sq Feet of flat useable land to build on in highly sought after Cypress in Orange County. Currently has 5 nice units on it with month to month tenants. Four 2 bedrooms and one 1 bedroom. Back unit has yard. Garages and ample parking. Close to great schools, shopping and several beautiful parks. Big opportunity. Don't hesitate or it might be too late.
Cypress is located in California. Cypress, California has a population of 49,108. Cypress is more family-centric than the surrounding county with 36.95% of the households containing married families with children. The county average for households married with children is 36.16%.
The median household income in Cypress, California is $90,345. The median household income for the surrounding county is $81,851 compared to the national median of $57,652. The median age of people living in Cypress is 41.7 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 44.6 degrees. The average rainfall is approximately 13.9 inches per year, with 0 inches of snow per year.
