NOT LISTED FOR SALE

5661 Lincoln Ave Cypress, CA 90630

Estimated Value: $1,264,334

-- Bed
-- Bath
3,230 Sq Ft
$391/Sq Ft Est. Value

Last Sold May 24, 2012

Last sale price $449,000 $139 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $7,321/month

87 Days on Market

Highlights

  • 0.36 Acre Lot
  • Wood Siding
  • No Heating
  • Steve Luther Elementary School Rated A-

About This Home

As of May 2012

Exceptional opportunity for savvy investors.This mixed-use commercial property is located on desirable city of Cypress on the busy redevelopment area of Lincoln Ave.Currently two one bedroom one bath houses with huge back yard,plus a detached 2 car garage, commercial building in the front with 5 business units.Lot size aproximately 15817 SqFt with 72'ft frontage on Lincoln Ave.Current rents are very very low.Call for more info.Lincoln Avenue Project Area:Lincoln Avenue represents one of the major commercial corridors in the City of Cypress and consists mainly of mixed-use and highway-oriented businesses. Predominant land uses in the area are heavy commercial, with an additional mix of uses, including general commercial, multiple-family residential, single-family residential, church, and public/semi-public.The entire 3 mile length of Lincoln Avenue has undergone a $6.5 million streetscape improvement as part of a comprehensive revitalization effort to 'Rediscover Lincoln'

Last Agent to Sell the Property

Geety Vafai

BHHS CA Properties License #00944975 Listed on: 01/21/2012

BHHS CA Properties

Last Buyer's Agent

Geety Vafai

BHHS CA Properties License #00944975 Listed on: 01/21/2012

BHHS CA Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,010

Year Built

  • Built in 1948

Lot Details

  • 0.36

Home Design

  • 3,230 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Wood Siding
  • Stucco

Additional Features

  • 0.36 Acre Lot
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 26247237

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Gross Income $1,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,010

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 26247237
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 139.01

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick, Stucco, Wood Siding

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 15817.00
  • Lot Size Acres: 0.3630

Multi Family

  • Gross Income: 1700.00
  • Lot Size Area: 15817.0000 Square Feet
  • Number Of Units Total: 3
  • Number With Carpet: 2
  • Number With Disposal: 2

Tax Info

  • Tax Area: 19032
  • Tax Lot: 0.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2019
Sold by
Farell Teresa
Bought by
T F Z Investments Llc
Current Estimated Value
$1,264,334

Purchase Details

Listed on
Jan 21, 2012
Closed on
Apr 17, 2012
Sold by
Finaldi Vince and Finaldi Ida
Bought by
Farell Teresa
Seller's Agent
Geety Vafai
BHHS CA Properties
Buyer's Agent
Geety Vafai
BHHS CA Properties
List Price
$469,000
Sold Price
$449,000
Premium/Discount to List
-$20,000
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$404,000
Interest Rate
3.85%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
T F Z Investments Llc -- None Available
Farell Teresa $449,000 Landwood Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farell Teresa $404,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2012 05/24/12 Sold $449,000 -4.3% $139 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
01/21/2012 01/21/12 For Sale $469,000 -- $145 / 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
2025 $7,010 $563,965 $438,366 $125,599
2024 $7,010 $552,907 $429,770 $123,137
2023 $6,843 $542,066 $421,343 $120,723
2022 $6,753 $531,438 $413,082 $118,356
2021 $6,666 $521,018 $404,982 $116,036
2020 $6,636 $515,676 $400,829 $114,847
2019 $6,466 $505,565 $392,969 $112,596
2018 $6,380 $495,652 $385,263 $110,389
2017 $6,174 $485,934 $377,709 $108,225
2016 $6,121 $476,406 $370,303 $106,103
2015 $6,073 $469,250 $364,740 $104,510
2014 $5,769 $460,059 $357,596 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Geety Vafai

    Seller's Agent in 2012

    Geety Vafai

    BHHS CA Properties

    (714) 403-0203

    12 Total Sales

    Geety Vafai
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P811095

California Regional Multiple Listing Service (CRMLS)

APN: 262-472-37

California Orange County Cypress 90630

5661 Lincoln Ave, Cypress, CA

This home is located at 5661 Lincoln Ave, Cypress, CA 90630 since 21 January 2012 and is currently estimated at $1,264,334, approximately $391 per square foot. This property was built in 1948. 5661 Lincoln 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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