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8742 La Salle, Cypress, California 90630, Cypress, - bed, bath

home-pic
ACTIVE$1,850,000
8742 La Salle, Cypress, California 90630
0Bed
0Bath
2,057Sqft
10,454Lot
Year Built
1945
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25244642
Home ConditionFair
Features
Good View:
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About this home

Rare multi-unit offering in one of Cypress’ most sought-after neighborhoods! This 3-unit income property, situated on a desirable corner lot, provides steady rental income and excellent long-term upside. The property features: * 8742 La Salle: 3 bedrooms, 1 bath plus an additional studio unit with its own bedroom and bathroom — ideal for extended living or supplemental rental income; *4922 Merten: 2 bedrooms, 1 bath with a 2-car garage; *4932 Merten: 2 bedrooms, 1 bath. All units are fully rented, creating an immediate turnkey investment for both new and seasoned investors. Located in the heart of Cypress and surrounded by award-winning schools, including King Elementary (walking distance), Walker Jr. High, and John F. Kennedy High School. Residents also enjoy close proximity to the beautifully renovated Arnold Cypress Park, shopping, dining, and major freeways — a truly unbeatable rental location. Whether you’re looking to expand your portfolio or explore future value-add opportunities, this multi-unit property delivers solid income, strong tenant demand, and long-term appreciation potential in a highly desirable community.

Price History

Date
Event
Price
10/30/25
Listing
$1,850,000
02/20/20
Sold
$1,135,000
11/14/05
Sold
$1,095,000
04/02/04
Sold
$802,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds00
Baths00
Square foot2,0572,354
50%
Lot Size10,45410,237
50%
Price$1.85M$1.68M
50%
Price per square foot$899$643
75%
Built year19459735982
25%
HOA
Days on market6106
25%
Condition Rating
Fair
The property was built in 1945, indicating significant age. While the exterior appears maintained, the absence of interior photos for kitchens, bathrooms, and other living spaces strongly suggests these areas are functional but likely outdated in style and features. The listing's mention of 'value-add opportunities' further supports the need for updates rather than recent extensive renovations. The property is described as 'fully rented' and a 'turnkey investment,' implying it is livable and maintained, but not necessarily modern or recently renovated to current standards. Therefore, it requires minor updates or repairs to meet contemporary tastes and efficiency.
Pros & Cons

Pros

Multi-Unit Income Property: This rare offering includes 3 units plus an additional studio unit, effectively providing 4 rentable spaces and diversified income streams, making it a robust investment.
Prime Location: Situated in a highly sought-after Cypress neighborhood, the property benefits from proximity to award-winning schools (including walking distance to King Elementary), Arnold Cypress Park, shopping, dining, and major freeways, ensuring strong tenant demand.
Turnkey Investment: All units are fully rented, offering immediate and steady rental income for both new and seasoned investors without the need for initial tenant acquisition.
Corner Lot & Generous Lot Size: The desirable corner lot with a substantial 10,454 sqft lot size provides potential for future expansion, landscaping enhancements, or other value-add opportunities.
Long-Term Appreciation Potential: Located in a desirable community with strong tenant demand and opportunities for value enhancement, the property is well-positioned for significant long-term appreciation.

Cons

Age of Property: Built in 1945, the property is quite old, which may lead to higher maintenance costs, potential for outdated infrastructure (plumbing, electrical), and a need for significant capital expenditures for upgrades over time.
Potential for Outdated Systems/Interiors: Given its age, the property likely features older systems and potentially dated interiors across units, which could limit rental income potential without further renovation and investment.
Unit Configuration Complexity: While described as a '3-unit income property' with a 'Triplex' subtype, the description details 3 units plus an 'additional studio unit.' This discrepancy could indicate a non-conforming unit or complex permitting history, potentially affecting financing or future development.

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