NOT LISTED FOR SALE

5252 Bishop St Cypress, CA 90630

Cypress Area
3 Beds
2 Baths
14,637 Sq Ft
0.69 Acre Lot

Sale Details

Date Sold: January 7, 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 30,035 Sq Ft 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

0.69 Acres

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 Rate: 3.00

Tax Info

  • New Taxes Expense: 45095.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2023
Sold by
Bradford Park Properties Limited Partner
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,560,000
Outstanding Balance
$2,383,460
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2013
Closed on
Dec 17, 2013
Sold by
Moran Terrance and Moran Lydia
Bought by
Bradford Park Properties Limited Partner
Seller's Agent
Grant Hahn
Morgan Skenderian
Buyer's Agent
Grant Hahn
Morgan Skenderian
List Price
$3,800,000
Sold Price
$3,800,000

Purchase Details

Listed on
Oct 16, 2013
Closed on
Nov 19, 2013
Sold by
Herrera Alex
Bought by
Herrera Lisa Moran
Seller's Agent
Grant Hahn
Morgan Skenderian
Buyer's Agent
Grant Hahn
Morgan Skenderian
List Price
$3,800,000
Sold Price
$3,800,000

Purchase Details

Listed on
Oct 16, 2013
Closed on
Nov 14, 2013
Sold by
Tdmsjml Llc
Bought by
Moran Terrance and Moran Lydia
Seller's Agent
Grant Hahn
Morgan Skenderian
Buyer's Agent
Grant Hahn
Morgan Skenderian
List Price
$3,800,000
Sold Price
$3,800,000

Purchase Details

Closed on
Mar 27, 2013
Sold by
Moran Terrance J and Bernardy Stephanie
Bought by
Tdmsjml

Purchase Details

Closed on
Dec 2, 2012
Sold by
Moran Terrance J and Bernardy Stephanie A
Bought by
Moran Terrance J and Bernardy Stephanie A

Purchase Details

Closed on
Oct 7, 2011
Sold by
Moran E Terrance
Bought by
Moran Terrance J and Bernardy Stephanie A

Purchase Details

Closed on
Mar 17, 1999
Sold by
Moran Elizabeth L
Bought by
Moran E Terrance and Moran Familyt Trust

Purchase Details

Closed on
Aug 4, 1997
Sold by
Moran Family Trust and Ranney Leslie Ranney
Bought by
Mccarver Leslie Ranney
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cypress, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
Bradford Park Properties Limited Partner $3,800,000 Ticor Title
Herrera Lisa Moran -- None Available
Moran Terrance -- Accommodation
Moran Mark C -- Accommodation
Tdmsjml -- None Available
Moran Terrance J -- None Available
Moran Terrance J -- None Available
Moran E Terrance -- --
Mccarver Leslie Ranney -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,560,000
Previous Owner Bradford Park Properties Limited Partner --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $57,345 $4,751,440 $3,000,912 $1,750,528
2025 $57,345 $4,658,275 $2,942,071 $1,716,204
2024 $54,891 $4,566,937 $2,884,384 $1,682,553
2023 $53,614 $4,477,390 $2,827,828 $1,649,562
2022 $52,960 $4,389,599 $2,772,381 $1,617,218
2021 $52,270 $4,303,529 $2,718,021 $1,585,508
2020 $52,054 $4,259,402 $2,690,151 $1,569,251
2019 $50,646 $4,175,885 $2,637,403 $1,538,482
2018 $49,972 $4,094,005 $2,585,689 $1,508,316
2017 $48,298 $4,013,731 $2,534,989 $1,478,742
2016 $47,893 $3,935,031 $2,485,283 $1,449,748
2015 $47,533 $3,875,924 $2,447,952 $1,427,972
2014 $45,065 $3,800,000 $2,400,000 $1,400,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13212153

California Regional Multiple Listing Service (CRMLS)
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