Rene Perez
CONTEXTRE
(707) 873-7840
45 Total Sales
1 in Cypress
$1,425,000 Price
8615 Walker St Cypress, CA 90630
Cypress Area
7
Beds
4
Baths
4,100
Sq Ft
0.33
Acre Lot
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 14,450 Sq Ft 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
- Leased Washer and Dryer
Flooring
- Carpet
- Concrete
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Cypress, CA
-
Rene Perez
-
Joshua Coburn
Joshua Coburn
Chamberlain Real Estate
(858) 251-9237
51 Total Sales
4 in Cypress
$875K - $1.2M Price Range
-
Gladys Ramos Pemper
Gladys Ramos Pemper
Onyx Manufactured Homes, Inc.
(657) 300-7075
32 Total Sales
1 in Cypress
$135,000 Price
-
Kay Lee
Kay Lee
Circa Properties, Inc.
(714) 410-6567
105 Total Sales
3 in Cypress
$580K - $1.2M Price Range
-
Giusy Mele-Brown
Giusy Mele-Brown
BHHS California Properties
(626) 313-3578
60 Total Sales
1 in Cypress
$870,000 Price
-
Justin Woo
Justin Woo
NextHome Pacific Estates
(213) 444-2937
14 Total Sales
1 in Cypress
$890,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,935,000 | Chicago Title | ||
| Merlin Jack L | -- | None Available | |
| Merlin Jack L | -- | Lawyers Title Company | |
| Merlin Jack L | $405,000 | Lawyers Title Company | |
| Briggs Dovie Marie | -- | Landsafe Title | |
| Briggs Dovie Marie | -- | Landsafe Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $950,000 | ||
| Previous Owner | Merlin Jack L | $309,670 | |
| Previous Owner | Merlin Jack L | $345,000 | |
| Previous Owner | Merlin Jack L | $340,000 | |
| Previous Owner | Merlin Jack L | $364,500 | |
| Previous Owner | Briggs Dovie Marie | $160,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $23,249 | $2,053,437 | $1,866,170 | $187,267 |
| 2025 | $22,240 | $2,013,174 | $1,829,578 | $183,596 |
| 2024 | $22,240 | $1,973,700 | $1,793,703 | $179,997 |
| 2023 | $21,741 | $1,935,000 | $1,758,532 | $176,468 |
| 2022 | $7,047 | $575,065 | $398,597 | $176,468 |
| 2021 | $6,955 | $563,790 | $390,782 | $173,008 |
| 2020 | $6,926 | $558,010 | $386,775 | $171,235 |
| 2019 | $6,741 | $547,069 | $379,191 | $167,878 |
| 2018 | $6,652 | $536,343 | $371,756 | $164,587 |
| 2017 | $6,431 | $525,827 | $364,467 | $161,360 |
| 2016 | $6,377 | $515,517 | $357,320 | $158,197 |
| 2015 | $6,329 | $507,774 | $351,953 | $155,821 |
| 2014 | $6,003 | $497,828 | $345,059 | $152,769 |
Source: Public Records
Agents Affiliated with this Home
-
Charles Creamer
Seller's Agent in 2022
Charles Creamer
RE/MAX
(714) 761-7111
29 Total Sales
-
AK
Buyer's Agent in 2022
Allen Kirschbaum
Saddleback Rlty & Mortgage
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22000907
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
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