NOT LISTED FOR SALE

5531 Danny Ave Cypress, CA 90630

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

Sale Details

Date 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 in unit

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

7,405 Sq Ft Lot

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

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
Nov 11, 2020
Sold by
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
$590,000
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2017
Sold by
Bought by

Purchase Details

Listed on
Dec 11, 2013
Closed on
Jan 29, 2014
Sold by
Bought by
Seller's Agent
Joe Sopo
Keller Williams Coastal Prop.
Buyer's Agent
Tung Le
Novelty Real Estate
List Price
$599,900
Sold Price
$605,000
Premium/Discount to List
$5,100
0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
0.0447%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2010
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Old Republic Title
-- None Available
-- None Available
$605,000 Chicago Title Company
-- None Available
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 $590,000
Closed $453,750
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
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

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
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

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