NOT LISTED FOR SALE

5662 Bishop St Cypress, CA 90630

4 Beds
4 Baths
3,672 Sq Ft
15,769 Sq Ft Lot

Last Sold January 31, 2013

Last sale price $1,035,000 $282 Per Sq Ft

46 Days on Market

Highlights

  • 0.36 Acre Lot
  • Contemporary Architecture
  • Granite Countertops
  • Juliet Morris Elementary School Rated A
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of January 2013

Beautiful, custom built 4-plex in a great Cypress neighborhood. The building was constructed by the current owner in 1983. All four apartments are single story featuring 2 bedrooms & 2 bathrooms with a dual master layout. The building has been updated with a newer, pitched composition roof, dual pane windows, a gated entrance, and newer electric, roll-up double car garage doors. Each apartment is separately metered for water, gas, and electric. Amenities and upgrades for each apartment include: double car attached garages, central A/C and heat, laundry hookups, additional storage space, granite counter tops, wood flooring, tile flooring in kitchens and bathrooms, newer kitchen cabinets, and granite countertops in the kitchens and bathrooms. Contact listing agent for a marketing package with additional details and pictures.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 12/07/2012

Last Buyer's Agent

Michael Arp

Morgan Skenderian License #01488586 Listed on: 12/07/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.36

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,672 Sq Ft Home
  • Decorative Fireplace
  • Gas Dryer Hookup

Kitchen

  • Gas Oven or Range
  • Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 0.36 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 7
  • Assessor Parcel Number 24447301

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $5,635
  • Net Operating Income $46,508

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0.36 Acres

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.77
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 24447301
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Flooring: Tile, Wood
  • Appliances: No
  • Fireplace Features: Decorative
  • Price Per Square Foot: 281.86

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Free Standing, Gas Cooking, Range
  • Heating Type: Central, Forced Air
  • Laundry Features: Gas Dryer Hookup

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 15755.00
  • Lot Size Acres: 0.3620

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 920
  • Gross Income: 5635.00
  • Gross Multiplier: 14.42
  • Gross Scheduled Income: 67620.00
  • Net Operating Income: 46508.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Refrigerator: 1
  • Operating Expense: 18934.00
  • Operating Expense Percent: 28.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 7
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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
01/31/2013 01/31/13 Sold $1,035,000 +6.2% $282 / Sq Ft
01/22/2013 01/22/13 Pending -- -- --
12/07/2012 12/07/12 For Sale $974,900 -- $265 / 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 $14,641 $1,274,522 $901,813 $372,709
2024 $14,641 $1,249,532 $884,131 $365,401
2023 $14,306 $1,225,032 $866,795 $358,237
2022 $14,138 $1,201,012 $849,799 $351,213
2021 $13,954 $1,177,463 $833,136 $344,327
2020 $13,899 $1,165,390 $824,593 $340,797
2019 $13,514 $1,142,540 $808,425 $334,115
2018 $13,334 $1,120,138 $792,574 $327,564
2017 $12,880 $1,098,175 $777,033 $321,142
2016 $12,774 $1,076,643 $761,797 $314,846
2015 $12,681 $1,060,471 $750,354 $310,117
2014 $12,013 $1,039,698 $735,655 $304,043
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P842884

California Regional Multiple Listing Service (CRMLS)

APN: 244-473-01

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