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

home-pic
ACTIVE$1,799,000
4891 Grace Avenue, Cypress, California 90630
0Bed
0Bath
3,563Sqft
7,405Lot
Year Built
1945
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25218285
Home ConditionFair
Features
View-

About this home

Solid 5% Cap Rate! Exceptional investment opportunity in prime Cypress. This versatile property sits on a 7,405 sq. ft. corner lot and offers approximately 3,362 sq. ft. of living space, featuring a single-family home plus an attached duplex—providing strong market rents and excellent tenant appeal. Single-Family Home (Grace Ave): 1,200 sq. ft., 3BR/2BA, with an attached 2-car garage and laundry. Duplex (La Salle): Upstairs 3BR/2BA unit includes a private 2-car garage. Downstairs 2BR/2BA unit includes a secured carport with parking for 2 cars. Each residence offers its own HVAC system and laundry hookups for convenience and independence. The single-family home is separated from the duplex by two finished garages, complete with drywall—ensuring privacy while showcasing quality craftsmanship. The exterior is equally impressive, with low-maintenance landscaping that boosts curb appeal while minimizing upkeep. Ideally located close to top-rated schools, major transportation routes, and shopping, this property provides tenants with comfort and convenience while offering investors stability and growth potential. Don’t miss out—contact us today to make this exceptional 5% Cap Rate investment yours!

Price History

Date
Event
Price
09/16/25
Listing
$1,799,000
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$1.8M$1.65M
50%
Price per square foot$505$583
25%
Built year19459735982
25%
HOA
Days on market50106
25%
Condition Rating
Fair

The property was built in 1945. While the exterior appears maintained and the description mentions individual HVAC systems, the interior images, particularly the kitchen, show significant signs of being outdated. The kitchen features ceramic tile countertops, older white appliances, and a fluorescent box light fixture, suggesting a renovation that likely occurred 15-30 years ago rather than recently. The carpeted areas and older window styles also contribute to an aged feel. The property is functional and appears well-maintained but requires substantial cosmetic updates to meet current market expectations and styles, especially in the kitchen and likely the bathrooms (though no bathroom images were provided).
Pros & Cons

Pros

Exceptional Investment Opportunity: The property boasts a solid 5% Cap Rate and is explicitly marketed as an exceptional investment opportunity offering stability and growth potential for investors.
Multi-Unit Income Property: Comprising a single-family home and an attached duplex (triplex), this property offers diversified income streams and strong market rents with excellent tenant appeal.
Prime Location & Tenant Appeal: Strategically located close to top-rated schools, major transportation routes, and shopping, enhancing its desirability for tenants and ensuring consistent demand.
Individual Unit Amenities & Privacy: Each residence features its own HVAC system, laundry hookups, and dedicated parking (garages/carport), ensuring tenant convenience, independence, and privacy.
Large Corner Lot & Low Maintenance: Situated on a generous 7,405 sq. ft. corner lot with low-maintenance landscaping, boosting curb appeal while minimizing upkeep costs for the owner.

Cons

Age of Property: Built in 1945, the property's age may imply potential for deferred maintenance, outdated systems, or future capital expenditures for major renovations.
High Entry Price Point: The list price of $1.799 million represents a significant initial investment, potentially limiting the pool of prospective buyers despite the attractive cap rate.
Lack of Detailed Interior Updates: While individual amenities are noted, the description does not specify recent comprehensive interior renovations across all units, which might be necessary to maximize rental income or tenant appeal in a competitive market.

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