4891 Grace Avenue, Cypress, California 90630, Cypress, - bed, bath

home-pic
ACTIVE$1,899,990
4891 Grace Avenue, Cypress, California 90630
0Bed
0Bath
3,563Sqft
7,405Lot
Year Built
1945
Close
-
List price
$1.9M
Original List price
$2.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25020979
Home ConditionFair
Features
View-

About this home

**Diversify Your Investment Portfolio with a 4% Cap Rate!** Seize this incredible investment opportunity before it’s too late! This versatile property offers market rents and combines a single-family home with an attached duplex, each featuring separate garages. Located on a spacious corner lot of approximately 7,405 square feet, this property is designed to appeal to astute investors seeking value and flexibility. The duplex boasts approximately 3,362 square feet of total living space, with each residence equipped with its own HVAC system for optimal comfort. The single-family home, situated on Grace Avenue, features three bedrooms and two bathrooms and spans approximately 1,200 square feet. The secondary dwelling on La Salle includes a three-bedroom, two-bathroom unit on the second floor and a two-bedroom, two-bathroom unit on the first floor, offering incredible flexibility for tenants or owners. Privacy and functionality are thoughtfully incorporated throughout the property. The single-family home is separated from the duplex by two finished garages, complete with drywall, ensuring privacy while showcasing quality craftsmanship. Each residence also includes its own laundry hookups for added convenience and practicality. The exterior is equally impressive, with low-maintenance landscaping that enhances curb appeal while minimizing upkeep. Whether you’re looking to expand your portfolio or secure a high-performing asset, this property offers an outstanding opportunity in the sought-after Cypress area. Don’t miss out—contact us today to learn more and make this exceptional investment yours!

Price History

Date
Event
Price
12/27/21
Sold
$1,430,000
11/03/94
Sold
$238,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds00
Baths00
Square foot3,5632,725
75%
Lot Size7,4058,712
50%
Price$1.9M$1.7M
50%
Price per square foot$533$583
25%
Built year19459735982
25%
HOA
Days on market280215
50%
Condition Rating
Fair

The property was built in 1945. The kitchen appears dated with older appliances and cabinet styles. The bathrooms are not shown in the images, but given the age and kitchen condition, they are likely outdated as well. The property appears to be maintained but requires updates to bring it to modern standards.
Pros & Cons

Pros

Investment Opportunity: The property offers a 4% cap rate, making it an attractive investment for portfolio diversification.
Multiple Units: The property includes a single-family home and an attached duplex with separate garages, providing multiple income streams.
Functional Design: Each residence has its own HVAC system and laundry hookups, enhancing tenant comfort and convenience.

Cons

Year Built: Built in 1945, the property may require updates to meet modern standards and preferences.
Potential Maintenance: As an older property with multiple units, there may be ongoing maintenance and repair costs.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State