NOT LISTED FOR SALE
9 Beds
8 Baths
4,545 Sq Ft
10,001 Sq Ft Lot

Sale Details

Date Sold: June 30, 2017

Last sale price $1,550,000 $341 Per Sq Ft

15 Days on Market

Highlights

  • 6 Car Attached Garage
  • Tile Flooring
  • Central Heating and Cooling System
  • Clara J. King Elementary School Rated A-

About This Home

As of June 2017

Rare Owner Opportunity and Investor Gem! Cypress Palms is a townhome style Quad-plex located in highly desirable rental market of Cypress. Across the street from Clara J King Elem. Spacious two-story units feature Soaring 20ft vaulted ceilings, large living rooms, central HVAC, and laundry inside. Two units recently remodeled; all units are in clean condition. Fully occupied with long-term tenants. 25% upside in current rents. Separately metered for electricity and gas. Potential Condo Conversion- units are already approved. New 50-year composite shingle roof installed 2011. Easy access to the 5,91,405 and 605 freeways. No rent control.

Last Agent to Sell the Property

James Campbell

James Colin Campbell License #01817777 Listed on: 05/16/2017

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 10,001

Parking

  • 6 Car Attached Garage
  • 2 Open Parking Spaces
  • Driveway

Home Design

  • Asphalt Roof

Interior Spaces

  • 4,545 Sq Ft Home
  • 2-Story Property
  • Gas And Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Additional Features

  • 10,001 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 262-323-26

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

10,001 Sq Ft Lot

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Complex Name: Cypress Palms
  • Exclusions: Fridges, Washer/Dryers
  • Living Area: 4545
  • Stories: 2
  • Year Built: 1988
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher, Electric Dryer Hookup, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Recirculated Exhaust Fan
  • Price Per S Q F T: 341.03

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Asphalt
  • View: No

Garage/Parking

  • Garage Spaces: 6
  • Other Spaces: 2
  • Covered Parking: 6
  • Parking Garage: Driveway - Concrete, Garage Is Attached
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Electric Expense: 30.00
  • Heating: Central
  • Water Expense: 325.00

Lot Info

  • Assessed Improvement Value: 396637
  • Assessed Land Value: 268352
  • Assessor Parcel Number: 262-323-26
  • Geocode Override: No
  • Lot Size Area: 10001

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.70
  • Number Of Units: 4
  • Rent Control: 0
  • Type Of Units: Townhouse

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2017
Closed on
Jun 15, 2017
Sold by
Bought by
Seller's Agent
James Campbell
James Colin Campbell
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,550,000
Sold Price
$1,550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0402%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 2008
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0175%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2002
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,550,000 Provident Title
-- None Available
-- None Available
-- Accommodation
$541,000 Fidelity National Title
$65,000 Fidelity National Title Ins
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
Open $450,000
Previous Owner $410,000
Previous Owner $422,000
Previous Owner $425,000
Previous Owner $200,000
Previous Owner $150,000
Previous Owner $150,000
Previous Owner $46,000
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
06/30/2017 06/30/17 Sold $1,550,000 0.0% $341 / Sq Ft
05/16/2017 05/16/17 For Sale $1,550,000 -- $341 / Sq Ft
Source: The MLS

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
2025 $20,224 $1,798,906 $1,276,646 $522,260
2024 $20,224 $1,763,634 $1,251,614 $512,020
2023 $19,765 $1,729,053 $1,227,072 $501,981
2022 $19,541 $1,695,150 $1,203,011 $492,139
2021 $19,287 $1,661,912 $1,179,422 $482,490
2020 $19,210 $1,644,872 $1,167,329 $477,543
2019 $18,666 $1,612,620 $1,144,440 $468,180
2018 $18,417 $1,581,000 $1,122,000 $459,000
2017 $8,431 $688,632 $277,894 $410,738
2016 $8,359 $675,130 $272,445 $402,685
2015 $8,296 $664,989 $268,352 $396,637
2014 $7,870 $651,963 $263,095 $388,868
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-231904

The MLS

APN: 262-323-26

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