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 a 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 a 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

Range of Values:

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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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Sopo

    Seller's Agent in 2014

    Joe Sopo

    Keller Williams Coastal Prop.

    (562) 201-1026

    28 Total Sales

    Joe Sopo
    Section Image

  • T

    Buyer's Agent in 2014

    Tung Le

    Novelty Real Estate

    (714) 478-2625

    2 Total Sales

    Tung Le
    Section Image
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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

California Orange County Cypress 90630

5531 Danny Ave, Cypress, CA

This home is located at 5531 Danny Ave, Cypress, CA 90630 since 11 December 2013. This property was built in 1959. 5531 Danny Ave is a home located in Orange County with nearby schools including Steve Luther Elementary School, Walker Junior High School, and John F. Kennedy 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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