NOT LISTED FOR SALE

5662 Bishop St Cypress, CA 90630

4 Beds
4 Baths
3,672 Sq Ft
0.36 Acres

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

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: 2178
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 7

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Arp

    Seller's Agent in 2013

    Michael Arp

    Morgan Skenderian

    (714) 262-8992

    45 Total Sales

    Michael Arp
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P842884

California Regional Multiple Listing Service (CRMLS)

APN: 244-473-01

California Orange County Cypress 90630

5662 Bishop St, Cypress, CA

This home is located at 5662 Bishop St, Cypress, CA 90630 since 07 December 2012. This property was built in 1983. 5662 Bishop 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

Nearby Homes