6344 Orange Avenue, Cypress, California 90630, Cypress, - bed, bath
ACTIVE$3,200,000
6344 Orange Avenue, Cypress, California 90630
0Bed
0Bath
4,299Sqft
30,618Lot
Year Built
1998
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25161072
Home ConditionFair
Features
ViewNeighborhood
About this home
Three units existing with development opportunities, Zoned High density residential, Owners unit 5 bedroom 3 baths, 3 car garage, central air, executive laundry room, master with in suite bath darling well-kept detached unit 2 Bedroom 1 bath and one apartment appurtenant to structure, three car garage access to entire parcel and more. Do not walk property. Dream to be made here. Think family compound, room for all the toys and rental income. Separate meters and individual mailing addresses please do not alert tenants
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 4,299 | 2,725 | 75% |
| Lot Size | 30,618 | 14,671 | 75% |
| Price | $3.2M | $1.72M | 75% |
| Price per square foot | $744 | $643 | 75% |
| Built year | 1998 | 9820986 | 100% |
| HOA | |||
| Days on market | NaN | 105 |
Condition Rating
Fair
The property was built in 1998. From the exterior image, the house appears to be in fair condition. It's likely that the interior is aged but maintained through regular upkeep and occasional updates. Major components are likely functional but show signs of being outdated. It's been over 20 years since it was built, so it likely requires minor updates or repairs.
Pros & Cons
Pros
Development Opportunity: Zoned for high-density residential, presenting significant development potential.
Income Potential: Existing three units provide immediate rental income streams.
Large Lot Size: Spacious 30,618 sqft lot offers ample room for expansion or additional development.
Multiple Units: Includes a 5-bedroom owner's unit, a detached 2-bedroom unit, and an apartment, catering to various living arrangements.
Separate Utilities: Separate meters and individual mailing addresses for each unit simplify management and tenant billing.
Cons
High Price Point: List price of $3.2 million may limit the pool of potential buyers.
Tenant Management: Managing tenants in multiple units requires dedicated time and effort.
Unknown Condition of Detached Unit/Apartment: The description focuses on the owner's unit, leaving the condition of the other units less clear, potentially requiring renovation.