NOT LISTED FOR SALE

5531 Danny Ave Cypress, CA 90630

6 Beds
3 Baths
2,340 Sq Ft
7,405 Sq Ft Lot

Last Sold February 20, 2014

Last sale price $605,000 $259 Per Sq Ft

29 Days on Market

Highlights

  • Property is near park
  • Corner Lot
  • No HOA
  • Steve Luther Elementary School Rated A-
  • Private Yard
  • 3-minute walk to Mackay Park

About This Home

As of February 2014

INVESTMENT OPPORTUNITY IN CITY OF CYPRESS!!! Three units - all apartments are one story; each features separate entrance, 2 bedrooms & 1 bath, indoor laundry, wall heaters, private patio & one parking space in detached garage. Plenty of additional parking on street. Shared yard offers grass & room to play. Building has newly painted trim, water heater door & garage doors. Close to park, award winning schools, Cypress Community College, shopping & more...!

Last Agent to Sell the Property

Joe Sopo

Keller Williams Coastal Prop. License #00834127 Listed on: 12/11/2013

Keller Williams Coastal Prop.

Last Buyer's Agent

Tung Le

Novelty Real Estate License #01766124

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,405 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Block Wall Fence
  • Chain Link Fence
  • Corner Lot
  • Paved or Partially Paved Lot
  • Private Yard
  • Lawn

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,340 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Kitchen

  • Gas Range
  • Free-Standing Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Assessor Parcel Number 26247137

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $960
  • Insurance Expense $600
  • Water Sewer Expense $800
  • New Taxes Expense $6,500
  • Gross Income $2,200
  • Net Operating Income $17,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 800.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 26247137
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 258.55

Exterior Features

  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lawn, Paved, Park Nearby, Corner Lot, Yard
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 780
  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 600.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 17540.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Operating Expense: 8860.00
  • Rent Control: No
  • Total Actual Rent: 2200.00

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Lot: 5
  • Tax Year: 2012
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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
02/20/2014 02/20/14 Sold $605,000 +0.9% $259 / Sq Ft
01/09/2014 01/09/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $599,900 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,705 $741,640 $635,848 $105,792
2024 $8,705 $727,099 $623,381 $103,718
2023 $8,503 $712,843 $611,158 $101,685
2022 $8,400 $698,866 $599,174 $99,692
2021 $8,291 $685,163 $587,425 $97,738
2020 $8,257 $678,138 $581,402 $96,736
2019 $8,033 $664,842 $570,002 $94,840
2018 $7,926 $651,806 $558,825 $92,981
2017 $7,660 $639,026 $547,868 $91,158
2016 $7,596 $626,497 $537,126 $89,371
2015 $7,540 $617,087 $529,058 $88,029
2014 $7,148 $605,000 $521,406 $83,594
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13245958

California Regional Multiple Listing Service (CRMLS)

APN: 262-471-37