NOT LISTED FOR SALE

5271 Bishop St Cypress, CA 90630

7 Beds
6 Baths
2,800 Sq Ft
6,900 Sq Ft Lot

Last Sold September 14, 2017

Last sale price $875,000 $312 Per Sq Ft

18 Days on Market

Highlights

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

About This Home

As of September 2017

Rare opportunity to purchase a tri-plex. Great Investment! Rents are below market. There is a 3 bedroom, 1 1/4 bath unit on the bottom approximately 1,150 sqft. Also has sliding door to an enclosed side yard. Top level, are two units: 2 bedroom, 1 1/4 bath , approximately 825 sqft. each. There is an enclosed laundry on the bottom level. At the rear of the property is 3-car covered parking with storage cabinet for each. On the rear side is a grass area and BBQ. There is a storage area at rear of property presently used by landlord. Drive by Only. Do not disturb tenants. Title shows property built 1924, see attached supplement from the City of Cypress Building Department, 1986.

Last Agent to Sell the Property

Brian Righetti

Crane Real Estate License #01373386 Listed on: 06/12/2017

Co-Listed By

Joyce Righetti

First Equitable Financial License #00480693

Last Buyer's Agent

Michael Arp

Morgan Skenderian License #01488586

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,900 Sq Ft Lot
  • Two or More Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 3 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 542
  • Assessor Parcel Number 24446120

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $840
  • Insurance Expense $1,318
  • Trash Expense $1,248
  • Water Sewer Expense $3,312
  • New Taxes Expense $3,717
  • Operating Expense $1
  • Net Operating Income $27,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: private
  • Water Sewer Expenses: 3312.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 24446120
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 312.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1248.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6900.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 1318.00
  • Net Operating Income: 27800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Actual Rent: 3150.00
  • Total Expenses: 1.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 3717.00
  • Tax Census Tract: 1101.04
  • Tax Lot: 21
  • Tax Tract Number: 542

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
09/14/2017 09/14/17 Sold $875,000 0.0% $313 / Sq Ft
06/30/2017 06/30/17 Pending -- -- --
06/17/2017 06/17/17 For Sale $875,000 0.0% $313 / Sq Ft
06/14/2017 06/14/17 Off Market $875,000 -- --
06/12/2017 06/12/17 For Sale $875,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $11,403 $995,598 $810,901 $184,697
2024 $11,403 $976,077 $795,001 $181,076
2023 $11,142 $956,939 $779,413 $177,526
2022 $11,013 $938,176 $764,130 $174,046
2021 $10,870 $919,781 $749,147 $170,634
2020 $10,827 $910,350 $741,465 $168,885
2019 $10,526 $892,500 $726,926 $165,574
2018 $10,386 $875,000 $712,672 $162,328
2017 $3,749 $279,114 $64,412 $214,702
2016 $3,717 $273,642 $63,149 $210,493
2015 $3,686 $269,532 $62,200 $207,332
2014 $3,507 $264,253 $60,982 $203,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17134894

California Regional Multiple Listing Service (CRMLS)

APN: 244-461-20