Seller's Agent in 2015
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
66 Total Sales
619 S Cypress St Orange, CA 92866
7
Beds
6
Baths
5,078
Sq Ft
8,050
Sq Ft Lot
Highlights
- Lawn
- Cooling System Mounted To A Wall/Window
- Landscaped
- No HOA
- Laundry Room
- Rectangular Lot
About This Home
As of May 2015The Cypress Street Apartments located in the city of Orange is in an excellent area with easy access to nearby elementary schools, restaurants, and parks. It is also a five minute drive from the St. Joseph Hospital and right by the 22 Garden Grove Freeway. Investors are receiving a rare opportunity to own a great and consistent income producing property in a prime location.
Built in 1966, the Cypress Street Apartments contains 4 large units on an 8,050 square foot lot. The building has a pitched ceramic tile roof with an on-site laundry facility for the tenants. There are four one-car garages available, so the apartments contain an excellent parking ratio of one to one. The property is very well maintained with recent exterior paint, and beautiful landscaping that brings great curb appeal. The Cypress Street apartments have a 100% occupancy rate and feature a great unit mix.
The Cypress Street Apartments is a stable income-producing property and a great long-term investment. It is located in a desirable, non-rent controlled area, has an excellent unit mix, and 1,200+ square foot units. This property offers growth and stability for any type of investor whether it may be a first-time purchase or 1031 exchange opportunity.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 8,050 Sq Ft Lot
- Property fronts a highway
- Property fronts an alley
- Two or More Common Walls
- Landscaped
- Rectangular Lot
- Paved or Partially Paved Lot
- Lawn
- Front Yard
- Density is 21-25 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
- Assigned Parking
Home Design
- 5,078 Sq Ft Home
- Property Attached
- Composition Roof
- Wood Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Laundry Room
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 6
- Tax Tract Number 70
- Assessor Parcel Number 39063206
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $660
- Gardener Expense $960
- Insurance Expense $800
- Maintenance Expense $4,435
- Professional Management Expense $2,957
- Trash Expense $470
- Water Sewer Expense $1,380
- New Taxes Expense $12,783
- Gross Income $6,350
- Net Operating Income $49,121
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
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/28/2015 05/28/15 | Sold | $1,150,000 | 0.0% | $226 / Sq Ft | |
| 04/15/2015 04/15/15 | Pending | -- | -- | -- | |
| 04/01/2015 04/01/15 | For Sale | $1,150,000 | +7.1% | $226 / Sq Ft | |
| 04/16/2014 04/16/14 | Sold | $1,074,000 | -6.6% | $211 / Sq Ft | View Prior Sale |
| 03/31/2014 03/31/14 | For Sale | $1,150,000 | -- | $225 / Sq Ft | |
| 02/25/2014 02/25/14 | Pending | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,576 | $1,591,812 | $1,408,872 | $182,940 |
| 2024 | $17,576 | $1,560,600 | $1,381,247 | $179,353 |
| 2023 | $17,186 | $1,530,000 | $1,354,163 | $175,837 |
| 2022 | $16,852 | $1,500,000 | $1,327,610 | $172,390 |
| 2021 | $14,357 | $1,276,869 | $1,097,910 | $178,959 |
| 2020 | $14,224 | $1,263,777 | $1,086,653 | $177,124 |
| 2019 | $14,048 | $1,238,998 | $1,065,347 | $173,651 |
| 2018 | $13,835 | $1,214,704 | $1,044,457 | $170,247 |
| 2017 | $13,267 | $1,190,887 | $1,023,978 | $166,909 |
| 2016 | $13,013 | $1,167,537 | $1,003,900 | $163,637 |
| 2015 | $12,259 | $1,095,458 | $931,058 | $164,400 |
| 2014 | $11,126 | $989,471 | $788,305 | $201,166 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
-
T
Seller's Agent in 2014
Trisha Barry
Keller Williams Realty
-
Ann Urias
Buyer's Agent in 2014
Ann Urias
Aston Group
(714) 460-5526
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV15067974
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.
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
- 611 S La Veta Park Cir Unit 228
- 660 S Glassell St Unit 48
- 660 S Glassell St Unit 14
- 501 S Parker St
- 700 W La Veta Ave Unit M12
- 700 W La Veta Ave Unit T4
- 700 W La Veta Ave Unit H7
- 522 W Culver Ave
- 712 S Grable Cir
- 913 Clemensen Ave
- 354 E Culver Ave
- 236 S Shaffer St
- 2621 Forest Lake
- 128 N Pixley St Unit A,B,C
- 2544 Forest Lake Unit 20
- 2404 Poinsettia St N
- 1024 E Tularosa Ave
- 2508 View Lake Unit 160
- 2544 Park Lake
- 2509 View Lake
- 609 S Cypress St Unit D
- 609 S Cypress St Unit A
- 609 S Cypress St Unit C
- 616 S Fashion Park St Unit A
- 616 S Fashion Park St
- 606 S Fashion Park St Unit C
- 606 S Fashion Park St Unit A
- 606 S Fashion Park St Unit D
- 606 S Fashion Park St Unit B
- 606 S Fashion Park St
- 628 S Fashion Park St
- 640 S Fashion Park St
- 640 S Fashion Park St Unit A
- 602 S Cypress St
- 415 W Rosewood Ave
- 343 W Rosewood Ave
- 636 S Cypress St
- 646 S Cypress St
- 331 W Rosewood Ave Unit A