NOT LISTED FOR SALE

5252 Bishop St Cypress, CA 90630

3 Beds
2 Baths
14,637 Sq Ft
0.69 Acres

Last Sold January 07, 2014

Last sale price $3,800,000 $260 Per Sq Ft

13 Days on Market

About This Home

As of January 2014

The Cypress Greens Apartments is located in the very desirable city of Cypress. The property is situated on a large corner lot just south of Lincoln Ave. west of Valley View Blvd. and has access from both Bishop St. & Grindley St. This great location allows residents to walk to retail and entertainment along Lincoln Ave. as well as the Community Civic Center & Tennis Courts and Community Senior Center. The property provides
a beautiful setting of mature trees and landscaped grounds. The units offer large open fl oor plans consisting of (8) one bedroom townhouse style units and (12) two bedroom units. Each of the units includes either a private patio or balcony. Parking consists of carports and open spaces, with 1.95 parking spaces per unit.
PLEASE DO NOT DISTURB THE TENANTS - PROPERTY VISITS MUST BE ARRANGED IN ADVANCE THROUGH THE LISTING AGENTS.

Last Agent to Sell the Property

Grant Hahn

Morgan Skenderian License #01197893 Listed on: 10/16/2013

Co-Listed By

Peter Gillin

Morgan Skenderian License #01433769

Last Buyer's Agent

Grant Hahn

Morgan Skenderian License #01197893 Listed on: 10/16/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.69 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 14,637 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 39 Parking Spaces
  • 20 Carport Spaces

Listing and Financial Details

  • Assessor Parcel Number 24446318

Community Details

Overview

  • 4 Buildings
  • 20 Units

Building Details

  • 21 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $4,343
  • Insurance Expense $5,000
  • Maintenance Expense $16,000
  • Other Expense $1,200
  • Professional Management Expense $11,166
  • Supplies Expense $300
  • Trash Expense $8,761
  • Water Sewer Expense $8,762
  • New Taxes Expense $45,095
  • Gross Income $23,982
  • Net Operating Income $171,747

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • CapRate: 4.50
  • Professional Management Expense: 11166.00
  • Property Attached: Yes
  • Supplies Expense: 300.00
  • Water Sewer Expenses: 8762.00
  • Property Type: Residential Income
  • Gardener Expense: 4343.00
  • Parcel Number: 24446318
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 259.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 20.00
  • Total Parking Spaces: 39.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 8761.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 30035.00
  • Lot Size Acres: 0.6900

Multi Family

  • Gross Income: 23982.00
  • Gross Multiplier: 13.20
  • Gross Scheduled Income: 287784.00
  • Gross Spendable Income: 81592.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 30035.0000 Square Feet
  • Maintenance Expense: 16000.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 171747.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 107403.00
  • Operating Expense Percent: 37.30
  • Other Expense: 1200.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 23770.00
  • Vacancy Allowance: 8634
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 45095.00

Range of Values:

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List Price
Sold Price
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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
01/07/2014 01/07/14 Sold $3,800,000 0.0% $260 / Sq Ft
10/29/2013 10/29/13 Pending -- -- --
10/16/2013 10/16/13 For Sale $3,800,000 -- $260 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Grant Hahn

    Seller's Agent in 2014

    Grant Hahn

    Morgan Skenderian

    (949) 251-8800

    10 Total Sales

    Grant Hahn
    Section Image

  • P

    Seller Co-Listing Agent in 2014

    Peter Gillin

    Morgan Skenderian

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13212153

California Regional Multiple Listing Service (CRMLS)
California Orange County Cypress 90630

5252 Bishop St, Cypress, CA

This home is located at 5252 Bishop St, Cypress, CA 90630 since 16 October 2013. This property was built in 1977. 5252 Bishop St is a home located in Orange County with nearby schools including Clara J. King Elementary School, Lexington Junior High School, and Cypress High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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