$1,580,000

4772 Grace Ave Cypress, CA 90630

Estimated payment $10,122/month

Total Views 446
6 Beds
3 Baths
2,650 Sq Ft
$596 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Clara J. King Elementary School Rated A-

About This Home

Exceptional Investment Opportunity!
A spacious 10,000+ sq ft lot, featuring 3 existing vacant value-add units plus approved plans for additional 3 new ADUs, creating a total of 6 two-bedroom units and nearly 5,000 sq ft of living space.
The new ADUs are thoughtfully designed at approx. 750 sq ft each with 2 bedrooms and 2 baths, offering substantial rental upside in a high-demand market.
All units are currently vacant; investors can break ground immediately and reposition the property for maximum returns. Adding further potential, the current zoning allows for one additional unit. This is a rare chance to combine value-add potential, cash flow, and long-term appreciation

Listing Agent

Mani Dilmaghanian

Rise Realty License #02064018 Listed on: 09/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50x200
  • No Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Slab Foundation

Interior Spaces

  • 2,650 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 26 / D
  • Tax Tract Number 489
  • Assessor Parcel Number 26232103
  • $738 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 526667
  • Property Attached: No
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 26232103
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1st
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 596.23

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size: 50x200
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 884 Square Feet
  • Lot Size Area: 10019.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Block: D
  • Tax Census Tract: 1101.11
  • Tax Lot: 26
  • Tax Tract Number: 489
  • TaxOtherAnnualAssessmentAmount: 738.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Sale $1,580,000 +12.5% $596 / Sq Ft
03/25/2025 03/25/25 Sold $1,405,000 -6.3% $397 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $1,500,000 -- $423 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25199323

California Regional Multiple Listing Service (CRMLS)

APN: 262-321-03

California Orange County Cypress 90630

4772 Grace Ave, Cypress, CA

This home is located at 4772 Grace Ave, Cypress, CA 90630 and is currently priced at $1,580,000, approximately $596 per square foot. This property was built in 1964. 4772 Grace Ave is a home located in Orange County with nearby schools including Clara J. King Elementary School, Walker Junior High School, and John F. Kennedy High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Mani Dilmaghanian
Listing Agent
Mani Dilmaghanian
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Rise Realty
(657) 275-1865