$3,780,000

9556 Walker St Cypress, CA 90630

Cypress Area

Estimated payment $20,693/month

Total Views 3,030
2 Beds
2 Baths
6,510 Sq Ft
$581 Price per Sq Ft

Highlights

  • 0.35 Acre Lot
  • No HOA
  • 4-minute walk to Oak Knoll Park
  • Juliet Morris Elementary School Rated A
  • Level Lot

About This Home

9556–9568 Walker Street is a 7-unit multifamily investment located in Cypress, California. Built in 1991 and offered for sale by the original owner/developer, the property offers a rare opportunity to acquire a newer-vintage, condomapped multifamily asset in a desirable North Orange County location. The property features seven 2-bed/1.5-bath townhome units (930 sf), each with a two-story floor plan, private patio, central air and heat, and in-unit laundry hookups. The units have been updated with quartz countertops, vinyl plank flooring, and recessed lighting, while recent exterior and capital improvements include exterior repainting in 2026, the remodel of Unit 9564 in 2026, replacement of the garage roof in 2023, garage door replacements, and an apartment roof replacement around 2016. A key differentiator is the property’s condo-mapped structure, with each unit assigned its own separate APN. This provides new ownership with a rare additional exit strategy through the potential sale of individual units, rather than being limited to a traditional multifamily disposition. With recent 2-bedroom condo sales in Cypress averaging approximately $653,000 over the last calendar year, the individual-unit structure provides meaningful market context for this long-term optionality. The property is also well-positioned operationally, with electricity, gas, and water separately metered to each unit, helping reduce ownership expenses and further supporting the feasibility of a future unit-by-unit sale strategy. Overall, 9556–9568 Walker Street offers investors a combination of newer construction, updated townhome-style units, stable multifamily operations, and a differentiated ownership structure rarely available in the Cypress market.

Listing Agent

Christian Tait

Marcus & Millichap RE Invest Brokerage Email: christian.tait@marcusmillichap.com License #02111248 Listed on: 07/01/2026

Co-Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: christian.tait@marcusmillichap.com License #01451551

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1991

Lot Details

  • 15,246 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • 93445076, 93445077, 93445078, 93445079, 93445080, 93445081, 24455148

Parking

  • 3 Open Parking Spaces
  • 13 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,510 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 14404
  • Assessor Parcel Number 93445075
  • $2,801 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $920
  • Fuel Expense $922
  • Insurance Expense $5,250
  • Maintenance Expense $5,600
  • Trash Expense $920
  • Water Sewer Expense $920
  • New Taxes Expense $42,080
  • Operating Expense $64,013
  • Gross Income $214,140
  • Net Operating Income $143,703

Property Details

Home Type

Apartment

Year Built

Built in 1991

Lot Details

0.35 Acres

Parking

13

Listing Details

  • CapRate: 3.80
  • Property Attached: No
  • Water Sewer Expenses: 920.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 93445075
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 580.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 13.00
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 920.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 93445076, 93445077, 93445078, 93445079, 93445080, 93445081, 24455148
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 15246.00
  • Lot Size Acres: 0.3500

Multi Family

  • Electric Expense: 920.00
  • Fuel Expense: 922.00
  • Gross Income: 214140.00
  • Gross Multiplier: 17.65
  • Gross Operating Income: 207716.00
  • Gross Scheduled Income: 214140.00
  • Insurance Expense: 5250.00
  • Lot Size Area: 0.3500 Acres
  • Maintenance Expense: 5600.00
  • Net Operating Income: 143703.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 64013.00
  • Operating Expense Percent: 30.80
  • Rent Control: No
  • Total Expenses: 64013.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 42080.00
  • Tax Lot: 1
  • Tax Tract Number: 14404
  • TaxOtherAnnualAssessmentAmount: 2801.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,888 $133,617 $18,423 $115,194
2024 $1,809 $130,998 $18,062 $112,936
2023 $1,765 $128,430 $17,708 $110,722
2022 $1,740 $125,912 $17,361 $108,551
2021 $1,717 $123,444 $17,021 $106,423
2020 $1,709 $122,179 $16,847 $105,332
2019 $1,668 $119,784 $16,517 $103,267
2018 $1,646 $117,436 $16,193 $101,243
2017 $1,596 $115,134 $15,876 $99,258
2016 $1,582 $112,877 $15,565 $97,312
2015 $1,568 $111,182 $15,331 $95,851
2014 $1,494 $109,005 $15,031 $93,974
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
07/01/2026 07/01/26 For Sale $3,780,000 -- $581 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26142991

California Regional Multiple Listing Service (CRMLS)

APN: 934-450-75

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