NOT LISTED FOR SALE

5355 Delong St Cypress, CA 90630

Estimated Value: $965,000 - $1,154,000

4 Beds
3 Baths
1,776 Sq Ft
$603/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $890,000 $501 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,904/month

19 Days on Market

Highlights

  • Primary Bedroom Suite
  • Recessed Lighting
  • Tile Flooring
  • Clara J. King Elementary School Rated A-
  • Laundry Room
  • 1-minute walk to Arnold Cypress Park

About This Home

As of April 2020

Rare Cypress Investment Opportunity: Live in the Larger 2 Bedroom and 2 Bath home - and receive $2,100 rent each month from the front unit! This property includes 2 units – each with their own Private Garage. Each Garage includes a private Laundry area for their unit. Great location in a quiet neighborhood next to the Park. The Main Unit includes: 2 Bedrooms and 2 Baths. Spacious Living Room with Recessed Lighting and Formal Dining Area. The Large Kitchen offers Updated Counter Tops and Cabinets; Recessed Lighting; Ceiling Fan; and Separate Daily Dining Area. The Expanded Master Suite includes an Office area and Ceiling Fan. The Upgraded Master Bath has Newer Cabinets and Counter-tops, Soaking Tub, and Separate Shower. The Spacious second Bedroom includes a Ceiling Fan and Recessed Lighting. The Main Bath has also been updated. This home has Fresh Paint finished in light gray and white, Wood Plank laminate Flooring, and Central Heating and Air Conditioning Systems. The home includes an Attractively Landscaped Wraparound Yard with Private Patio. The Second Unit includes: 2 Bedrooms and 1 Bath. Spacious Living Room with Ceiling Fan. Large Kitchen with Updated Cabinets, Ceiling Fan, and Daily Dining Area. Private Yard and Patio area.

Last Listed By

Cary Hairabedian

RE/MAX College Park Realty License #00876519 Listed on: 02/14/2020

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,902

Year Built

  • Built in 1953

Lot Details

  • 8,107 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Back Yard

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 602
  • Assessor Parcel Number 26240103

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,080
  • Insurance Expense $800
  • Pest Control $360
  • Trash Expense $480
  • Water Sewer Expense $990
  • New Taxes Expense $9,790
  • Operating Expense $13,500
  • Gross Income $4,500
  • Net Operating Income $40,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,902

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.50
  • Property Attached: No
  • Water Sewer Expenses: 990.00
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 26240103
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 501.13
  • Room Type: Kitchen, Master Suite

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal
  • Heating Type: Forced Air
  • Laundry Features: Outside
  • Pest Control Expense: 360.00
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 8107.00
  • Lot Size Acres: 0.1861

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4500.00
  • Gross Multiplier: 16.48
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 8107.0000 Square Feet
  • Net Operating Income: 40500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Operating Expense: 13500.00
  • Rent Control: No
  • Total Expenses: 13500.00

Tax Info

  • New Taxes Expense: 9790.00
  • Tax Census Tract: 1101.02
  • Tax Lot: 8
  • Tax Tract Number: 602

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2021
Sold by
Coleman Niki Lolis and Butler Thomas John
Bought by
Coleman Niki Lolis and Butler Thomas John
Total Days on Market
19
Current Estimated Value
$1,070,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,913
Outstanding Balance
$606,058
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 14, 2020
Closed on
Feb 27, 2020
Sold by
Jc Goldenrarn Llc
Bought by
Coleman Niki Lofts
Seller's Agent
Cary Hairabedian
RE/MAX College Park Realty
Buyer's Agent
Niki Coleman
Niki L. Coleman, Broker
List Price
$890,000
Sold Price
$890,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Interest Rate
2.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2018
Closed on
Mar 19, 2018
Sold by
Mackay Kenneth L and Mackay Claudia J
Bought by
Jc Goldenrain Llc
Seller's Agent
Cary Hairabedian
RE/MAX College Park Realty
Buyer's Agent
Cary Hairabedian
RE/MAX College Park Realty
Sold Price
$2,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%

Purchase Details

Closed on
Apr 13, 2005
Sold by
Mackay Kenneth L and Mackay Claudia J
Bought by
Mackay Kenneth L and Mackay Claudia J

Purchase Details

Closed on
Mar 19, 2003
Sold by
Mackay Kenneth and Mackay Claudia Jean
Bought by
Mackay Kenneth and Mackay Claudia Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2000
Sold by
Gordon Mackay F and Gordon Kenneth Mackay
Bought by
Mackay Kenneth and Mackay Claudia Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 1996
Sold by
Gordon Mackay F
Bought by
Mackay F Gordon F

Purchase Details

Closed on
Jan 23, 1996
Sold by
Mackay F Gordon F
Bought by
Mackay F Gordon F

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Coleman Niki Lolis -- First American Title Ins Co
Coleman Niki Lofts $890,000 Wfg National Title
Jc Goldenrain Llc $790,000 Lawyers Title
Mackay Kenneth L -- --
Mackay Kenneth -- California Counties Title Co
Mackay Kenneth -- Fidelity National Title Co
Mackay F Gordon F -- --
Mackay F Gordon F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coleman Niki Lolis $649,913
Closed Coleman Niki Lobs $667,500
Closed Coleman Niki Lofts $667,500
Previous Owner Mackay Kenneth $12,000
Previous Owner Mackay Kenneth $57,000
Previous Owner Mackay Kenneth $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2020 04/06/20 Sold $890,000 0.0% $501 / Sq Ft
03/04/2020 03/04/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $890,000 0.0% $501 / Sq Ft
05/03/2018 05/03/18 Rented $2,400 0.0% --
04/18/2018 04/18/18 Sold $790,000 0.0% $445 / Sq Ft
04/10/2018 04/10/18 Off Market $2,400 -- --
04/06/2018 04/06/18 For Rent $2,400 0.0% --
04/06/2018 04/06/18 Off Market $2,400 -- --
03/19/2018 03/19/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $800,000 -- $450 / 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
2024 $10,902 $954,258 $816,520 $137,738
2023 $8,910 $935,548 $800,510 $135,038
2022 $8,895 $917,204 $784,813 $132,391
2021 $8,774 $899,220 $769,424 $129,796
2020 $8,016 $821,916 $691,730 $130,186
2019 $9,333 $805,800 $678,166 $127,634
2018 $3,182 $250,998 $124,520 $126,478
2017 $3,078 $246,077 $122,078 $123,999
2016 $3,050 $241,252 $119,684 $121,568
2015 $3,024 $237,629 $117,887 $119,742
2014 $2,872 $232,975 $115,578 $117,397
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20033267

California Regional Multiple Listing Service (CRMLS)

APN: 262-401-03