9051 Walker Street, Cypress, California 90630, Cypress, - bed, bath

home-pic
ACTIVE$979,000
9051 Walker Street, Cypress, California 90630
3Beds
2Baths
1,249Sqft
7,405Lot
Year Built
1938
Close
-
List price
$979K
Original List price
$979K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25139071
Home ConditionPoor
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

Prime Development Opportunity in beautiful City of Cypress – Unlock the full potential of this rare investment opportunity in the heart of Cypress! Situated on a spacious lot, property project comes with preliminary approved permits to develop 3 residential units, offering endless possibilities for investors, developers, or savvy homeowners looking to build equity. This property is ideally located in a desirable, family-friendly neighborhood known for its top-rated schools, convenient access to major freeways, shopping centers, parks, and local amenities. Whether you’re looking to build and sell, hold for rental income, or create a custom multi-generational living setup, the groundwork is already laid for your vision. Highlights: • Preliminary approved permits for 3 units – Save time and money on entitlements • Generous lot size providing ample room for development • Quiet residential street with strong neighborhood appeal • Excellent Cypress School District location • Close to major employers & recreational amenities Opportunities like this don’t come often – bring your vision and build something truly special in one of Orange County’s most sought-after communities.

Price History

Date
Event
Price
12/31/24
Sold
$790,000
12/30/24
Sold
$770,000
04/28/94
Sold
$25,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (100 Listings)
Beds34
37%
Baths22
50%
Square foot1,2491,700
18%
Lot Size7,4055,940
87%
Price$979K$1.15M
27%
Price per square foot$784$650
85%
Built year19381967
1%
HOA
Days on market135141
46%
Condition Rating
Poor

The property was built in 1938 and appears to need substantial repairs. The listing focuses on development opportunity, suggesting the existing structure is not the primary value. The images show an aged exterior and yard, indicating deferred maintenance. Given the age and apparent condition, it requires significant rehabilitation.
Pros & Cons

Pros

Development Opportunity: Preliminary approved permits for 3 residential units, saving time and money on entitlements.
Large Lot Size: Generous 7405 sqft lot providing ample room for development and potential expansion.
Excellent School District: Located within the highly-regarded Cypress School District, a major draw for families.
Prime Location: Ideally situated in a desirable, family-friendly neighborhood with convenient access to freeways, shopping, and parks.
Strong Neighborhood Appeal: Located on a quiet residential street with a strong sense of community.

Cons

Year Built: Built in 1938, the existing structure may require significant renovation or potential demolition depending on the development plans.
Unknown Current Condition: The listing focuses on development potential, suggesting the existing structure may not be in optimal living condition.
Development Costs: While permits are approved, the actual costs associated with constructing three new residential units could be substantial and require careful budgeting.

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