Richard Valderrama Calle
The Dara Group Inc.
(747) 250-7467
43 Total Sales
1 in Cypress
$1,235,000 Price
8622 Watson St Cypress, CA 90630
Cypress Area
10
Beds
5
Baths
4,675
Sq Ft
0.34
Acre Lot
Highlights
- No Units Above
- Park or Greenbelt View
- Park
- 0.34 Acre Lot
- No HOA
- 5 Car Garage
About This Home
As of July 2026*DO NOT DISTURB TENANTS*
This is an exceptional investment opportunity on an expansive 15,000 sq ft lot featuring five charming 2-bedroom, 1-bath bungalow-style units. Each unit has been tastefully remodeled, offering updated interiors that appeal to today’s tenants while maintaining the classic bungalow character. Improvements include modernized kitchens and baths, refreshed flooring, and updated finishes throughout. Each unit has it's own outdoor space, to BBQ, entertain or just enjoy the sunshine. The large lot allows for excellent spacing between units, creating a comfortable and private residential environment rarely found in multi-unit properties. In addition to attached, private garages for each unit, the property also offers 4 off-street spaces along the driveway and public street parking. This amazing property sits directly across the street from the newly improved Arnold Cypress Park, providing tenants with immediate access to open green space, recreation, and neighborhood amenities. With strong rental appeal, a highly desirable location, and multiple standalone bungalow units, this property presents an outstanding opportunity for investors seeking stable income with long-term upside potential. Zoned RM15, this sizable parcel also offers future development or expansion possibilities (buyer to verify with the city). Ideally suited for investors looking to add a well-maintained, high-demand multi-unit property to their portfolio.
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 15,000 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
- 4 Open Parking Spaces
- Public Parking
- Parking Available
- Driveway
Property Views
- Park or Greenbelt
- Neighborhood
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,675 Sq Ft Home
- 1-Story Property
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for gas, cable TV, electricity
- Tax Lot 1
- Tax Tract Number 1
- Assessor Parcel Number 26243127
- $1,365 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 5 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,646
- Trash Expense $1,900
- Water Sewer Expense $3,600
- Operating Expense $5,400
- Gross Income $84,600
- Net Operating Income $75,454
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Cypress, CA
-
Richard Valderrama Calle
-
Laura Muniz
Laura Muniz
Los Caballeros RE & FS PC
(657) 500-0539
35 Total Sales
2 in Cypress
$190,000 Price Range
-
Terry Limburg
Terry Limburg
Aramis Realty Group Inc.
(657) 245-4182
26 Total Sales
1 in Cypress
$840,000 Price
-
Nathalie Marles
Nathalie Marles
Berkshire Hathaway HomeServices Crest Real Estate
(747) 223-7083
72 Total Sales
1 in Cypress
$826,000 Price
-
Mike Chou
Mike Chou
K.W. EXECUTIVE
(626) 653-4295
169 Total Sales
1 in Cypress
$1,150,000 Price
-
Mike Castro
Mike Castro
Responds QuicklyHomequest Real Estate
(949) 894-4545
31 Total Sales
1 in Cypress
$900,000 Price
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 |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | Sold | $1,850,000 | -19.3% | $396 / Sq Ft |
| 05/12/2026 05/12/26 | Pending | -- | -- | -- |
| 03/11/2026 03/11/26 | For Sale | $2,293,000 | -- | $490 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Jennifer Funk
J
Seller's Agent in 2026
Jennifer Funk
Fiv Realty Co
(562) 972-9156
8 Total Sales
-
Andy Carter
Seller Co-Listing Agent in 2026
Andy Carter
Fiv Realty Co
(818) 437-9152
133 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS26053694
APN: 262-431-27
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
- 8651 La Homa St
- 5401 Twin Lakes Dr
- 5572 Saint Ann Ave
- 5475 Twin Lakes Dr
- 8635 York Cir
- 5621 Vonnie Ln
- 5202 Del Sur Cir
- 5096 Via Maria
- 5685 Crescent Ave
- 8428 Los Amores St
- 8685 Moody St
- 4991 Partridge Cir
- 5853 Los Nietos St
- 8860 La Salle St Unit 4
- 4932 Partridge Cir
- 5901 Los Encinos St
- 5375 Vista Real
- 5317 Vista Del Mar
- 8082 Janeen Cir
- 5984 Los Ranchos Dr
Your Personal Tour Guide
Ask me questions while you tour the home.