Seller's Agent in 2022
Charles Creamer
RE/MAX
(714) 761-7111
3 in this area
33 Total Sales
8615 Walker St Cypress, CA 90630
7
Beds
4
Baths
4,100
Sq Ft
0.33
Acres
Highlights
- 0.33 Acre Lot
- Fireplace in Kitchen
- Neighborhood Views
- Clara J. King Elementary School Rated A-
- Contemporary Architecture
- 5-minute walk to Mackay Park
About This Home
As of September 2022Nice 5 unit building on one level and large lot. 1-Four bedroom, one and a half bathroom owners type unit, 3- Two-bedroom, one-bathroom units, 1- Studio with one bath unit. 5 Separate single-car garages. 5 separate parking spaces. This building has been an Alcohol Recovery facility for 25 plus years.
Pulls in $12,400 per month in gross rental receipts, very smooth operation, very quiet, the resident manager runs the place very efficiently and he'd like to stay, the owner is currently paying for all utilities, the new owner could easily increase net income by having the tenants' pay utilities. There are 4 separate meters for each utility service Please do not disturb occupants.
Last Agent to Sell the Property
ReMax Tiffany Real Estate License #00762062 Listed on: 01/03/2022
Last Buyer's Agent
Allen Kirschbaum
Saddleback Rlty & Mortgage License #01102874
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.33 Acre Lot
- No Common Walls
- East Facing Home
- Block Wall Fence
- Level Lot
Parking
- 5 Car Garage
- 5 Open Parking Spaces
- Parking Available
- Driveway
- Assigned Parking
Home Design
- Contemporary Architecture
- Turnkey
- Cosmetic Repairs Needed
- Slab Foundation
- Interior Block Wall
- Composition Roof
Interior Spaces
- 4,100 Sq Ft Home
- 1-Story Property
- Electric Fireplace
- Gas Fireplace
- Neighborhood Views
- Fireplace in Kitchen
Flooring
- Carpet
- Concrete
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Forced Air Heating System
- Wall Furnace
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 56
- Tax Tract Number 110
- Assessor Parcel Number 26243156
- $749 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $5,000
- Fuel Expense $5,000
- Insurance Expense $3,000
- Water Sewer Expense $5,000
- Operating Expense $18,000
- Gross Income $130,800
- Net Operating Income $126,480
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | $1,935,000 | -12.0% | $472 / Sq Ft |
| 06/10/2022 06/10/22 | Pending | -- | -- | -- |
| 02/18/2022 02/18/22 | Price Changed | $2,200,000 | -8.3% | $537 / Sq Ft |
| 01/03/2022 01/03/22 | For Sale | $2,400,000 | -- | $585 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Charles Creamer
-
A
Buyer's Agent in 2022
Allen Kirschbaum
Saddleback Rlty & Mortgage
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22000907
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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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