Cypress, CA 90630 4891 Grace Avenue

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Presented By: Shelly Kay Hilliard with Coldwell Banker Realty; 714-580-4500
  • MLS# OC24062619
  • 03/29/2024
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathBaths • 4
  • FootageSQFT • 3,563
  • GarageGarage • 4

Home Details

Diversify your investment portfolio 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.
Presented By: Shelly Kay Hilliard with Coldwell Banker Realty; 714-580-4500

Interior Features for 4891 Grace Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall, EndUnit
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup, InGarage, InKitchen
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 4891 Grace Avenue

Additional Parcels Y/NNo
AppliancesElectricRange, GasRange
Architectural StyleCottage
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.0
Carport Spaces2.0
Carport Y/NYes
CityCypress
Community FeaturesCurbs, StreetLights
ContingencyTenant occupied- do not disturb Call Shelly Hilliard for details- Interior inspection with accepted offer.
CoolingCentralAir
CountyOrange
Current FinancingConventional
Days on Market21
DirectionsNearest Cross Streets Moody and Crescent.
Electric Expense0.0
Entry Location1 floor
Expected Active Date 2024-04-01
Exterior FeaturesRainGutters
Fuel Expense1200.0
Garage Spaces4.0
Garage Y/NYes
Gross Income116400.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral, ForcedAir
Home Warranty Y/NNo
Insurance Expense3600.0
Interior FeaturesCeilingFans, OpenFloorplan
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsItem1031Exchange
Lot Size Square Feet7405.0
MLS Area80 - Cypress North of Katella
MaintenanceExpense2300.0
MobileHomeRemainsYNNo
Net Operating Income85840.0
New ConstructionNo
Open Parking Spaces3.0
Operating Expense30560.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameGrace
Subdivision Namen/a
Tax Lot14
Taxes$19,000
Tenant PaysCableTV, Electricity, Gas
Total Units3
Trash Expense360.0
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense3000.0
Waterfront Y/NNo
Year Built1945
Year Built SourceAssessor

Exterior for 4891 Grace Avenue

Building Area Total3563.0
Crops Included Y/NNo
Foundation DetailsCombination
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, CornerLot
Lot Size Acres0.17
Lot Size Area7405.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking9.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,899,000
MLS#OC24062619
List Date 03/29/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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