6062 Lime Avenue, Cypress, California 90630, Cypress, - bed, bath
ACTIVE UNDER CONTRACT$1,595,000
6062 Lime Avenue, Cypress, California 90630
0Bed
0Bath
3,846Sqft
6,970Lot
Year Built
1964
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25246097
Home ConditionFair
Features
View-
About this home
Great investment property, this 4-plex has one 3 bedroom 2 bath (front house) and three 2 bedroom 1 bath in the back building. Rent for #A $3,000, #B $2,080, #C $2,150 and #D $2,457, total monthly income $9,625 ($9,625 x 12 months = $115,500/yearly gross income). Exterior has been freshly painted. All units are currently occupied. Interior photos are from last vacancy (#A in May 2024, #C in July 2023 & #D in April 2023)
Price History
Date
Event
Price
10/23/25
Listing
$1,595,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,846 | 2,725 | 75% |
| Lot Size | 6,970 | 8,712 | 25% |
| Price | $1.59M | $1.55M | 50% |
| Price per square foot | $415 | $583 | 25% |
| Built year | 1964 | 9820982 | 75% |
| HOA | |||
| Days on market | 13 | 106 | 25% |
Condition Rating
Fair
The property was built in 1964, making it 60 years old. While one unit (Unit A, photos 3-9) appears to have been recently updated with modern white shaker cabinets, grey quartz countertops, stainless steel appliances, LVP flooring, and updated bathroom vanity, the other units (Units C/D, photos 10-60) are significantly more dated. These units feature older wood cabinets, white appliances, laminate countertops, carpeted living areas and bedrooms, and older bathroom fixtures and finishes. The overall condition is a mix, but the majority of the units shown exhibit an older style and components that are functional but outdated, requiring minor updates or renovations to meet current standards. The exterior has been freshly painted, indicating some upkeep, but the interior condition of most units aligns with the 'fair' category.
Pros & Cons
Pros
Strong Income Generation: The property is a proven income generator with a total monthly income of $9,625, equating to a substantial $115,500 in yearly gross income.
Fully Occupied: All four units are currently occupied, ensuring immediate and consistent cash flow for a new investor without the need to find tenants.
Multi-Unit Investment (Quadruplex): As a 4-plex, it offers diversified income streams and reduced vacancy risk compared to single-unit properties, making it a robust investment.
Diverse Unit Mix: The property features a desirable unit mix of one 3-bedroom/2-bath unit and three 2-bedroom/1-bath units, appealing to a broader range of tenants.
Recent Exterior Maintenance: The exterior has been freshly painted, indicating recent upkeep and contributing to improved curb appeal and property presentation.
Cons
Age of Property: Built in 1964, the property is 60 years old, which may imply aging infrastructure, systems, and potential for deferred maintenance requiring future capital expenditures.
Limited and Dated Interior Visuals: Interior photos are from previous vacancies (some as old as April 2023), which may not accurately reflect the current condition or potentially outdated finishes of all units.
Active Under Contract Status: The property is currently 'Active Under Contract,' meaning it is already in escrow and not readily available for immediate purchase by other interested buyers.