$470,000
SOLD NOV 30, 2012

5532 Newman St Cypress, CA 90630

3 Beds
1 Bath
2,894 Sq Ft
0.26 Acres

Recently Sold

$162 Per Sq Ft

28% Below List Price

10 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Cross Fenced
  • Juliet Morris Elementary School Rated A
  • Laundry Room
  • Heating Available

About This Home

As of November 2012

Run... don't walk to this great investment opportunity located in the hart of Cypress. The Property has 3 Units.
The largest unit is in the front of the property it has 3 bedrooms 1 bath and a new kitchen and tile floors (just remolded).
The back yard has a large covered patio and good size back yard. As for the 2 rear units they are 1 bedroom 1 bath each. The 2 car garage is split between the 2 rear tenant's.

Last Agent to Sell the Property

Marcel Atallah

First Team Real Estate License #01347990 Listed on: 11/06/2012

First Team Real Estate

Last Buyer's Agent

Marcel Atallah

First Team Real Estate License #01347990 Listed on: 11/06/2012

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Cross Fenced
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,894 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 057
  • Tax Tract Number 51
  • Assessor Parcel Number 24451104

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Net Operating Income $39,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 24451104
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 162.40

Exterior Features

  • Fencing: Cross Fenced
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11500.00
  • Lot Size Acres: 0.2640

Multi Family

  • Gross Scheduled Income: 47040.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 11500.0000 Square Feet
  • Net Operating Income: 39540.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 7500.00
  • Rent Control: No

Tax Info

  • Tax Lot: 057
  • Tax Tract Number: 051
  • Tax Year: 2011

Range of Values:

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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 Change Sq Ft Price
04/24/2020 04/24/20 Rented $2,600 0.0% --
03/25/2020 03/25/20 For Rent $2,600 +6.1% --
11/28/2017 11/28/17 Rented $2,450 0.0% --
11/22/2017 11/22/17 For Rent $2,450 0.0% --
11/30/2012 11/30/12 Sold $470,000 -27.6% $162 / Sq Ft
11/16/2012 11/16/12 Pending -- -- --
11/06/2012 11/06/12 For Sale $649,000 -- $224 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Yang-uk Kim

    Seller's Agent in 2020

    Yang-uk Kim

    RE/MAX

    (714) 763-2177

    5 in this area

    136 Total Sales

    Yang-uk Kim
    Section Image
  • Alicia Moncada

    Buyer's Agent in 2020

    Alicia Moncada

    Alta Realty Group CA, Inc

    (323) 490-9984

    10 Total Sales

    Alicia Moncada
    Section Image
  • Marcel Atallah

    Seller's Agent in 2012

    Marcel Atallah

    First Team Real Estate

    (951) 757-1765

    31 Total Sales

    Marcel Atallah
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW12137514

California Regional Multiple Listing Service (CRMLS)

APN: 244-511-04

California Orange County Cypress 90630

5532 Newman St, Cypress, CA

This home is located at 5532 Newman St, Cypress, CA 90630 and is currently priced at $470,000, approximately $162 per square foot. This property was built in 1956. 5532 Newman St is a home located in Orange County with nearby schools including Juliet Morris Elementary School, Lexington Junior High School, and Cypress 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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