Courtesy: Team Chamberlain Realty Exe.
Zoned for 8 Units and Huge Demand for Housing! Existing 3 Bedroom 2 Bath Single Story Home with 2 Car Garage and Penthouse 2 Bedroom Apartment with 2 Car Garage. Perfect Cypress Location Steps from Cypress High School and Cypress College. Build 6 More Residences. Contact Cypress Planning for Details and Confirmation. Owners occupied both homes for decades.
The possibilities are endless with three separate existing structures built upon this charming property. The main house is approximately 936 square feet and has two bedrooms and one bathroom. There is also an approximately 313 square foot detached dwelling unit which has one bedroom, one bathroom, and a cozy kitchen. There is a two-car detached garage facing Walker Street. The property has frontage and separate driveways along both Walker Street and Bishop Street. Craftsman style architecture originally built in 1938 with lots of potential for remodeling or additions. Located within the Lincoln Avenue Specific Plan, this property could also be redeveloped into a new commercial, mixed use, or residential project. Check with city but it may be possible to add two ADU's. Priced right and ideally suited for an investor, developer, or an owner-occupant buyer willing to take on a home renovation project. Please note that the sprinkler lines in the yard area have been disconnected.
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.
Cypress is located in California. Cypress, California has a population of 50,279. Cypress is more family-centric than the surrounding county with 38.68% of the households containing married families with children. The county average for households married with children is 34.78%.
The median household income in Cypress, California is $109,180. The median household income for the surrounding county is $100,485 compared to the national median of $69,021. The median age of people living in Cypress is 41.2 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
