NOT LISTED FOR SALE

609 S Cypress St Orange, CA 92866

9 Beds
8 Baths
5,078 Sq Ft
8,491 Sq Ft Lot

Sale Details

Date Sold: May 1, 2023

Last sale price $1,775,000 $350 Per Sq Ft

10 Days on Market

About This Home

As of May 2023

Situated on a corner lot, this covington-style 4 unit opportunity in Orange, is one of the most resirable rental markets in California. The property is walking distance to Chapman University and Old Towne Orange; a historial community that offers entertainment, restaurants and shopping. The property offers a unit mix of three 2-bedroom units and one 3-bedroom single-story unit. Based on comprehensive research, the in-place rents are 33% below market rate. Please see the offering memorandum for details.

Last Agent to Sell the Property

Mike O’Neill

CB Richard Ellis, Inc. License #02036937 Listed on: 04/04/2023

Last Buyer's Agent

Lena Ghezel

Compass License #01252003

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,491 Sq Ft Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 5,078 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 390-632-07

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

8,491 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Living Area: 5078
  • Lot Acreage: 0.1872
  • Stories: 2
  • Year Built: 1966
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 334.78

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 20.11
  • Assessed Improvement Value: 194265
  • Assessed Land Percent: 79.89
  • Assessed Land Value: 771558
  • Total Assessed Value: 965823
  • Assessor Parcel Number: 390-632-07
  • Lot Size Area: 8491

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.83
  • Number Of Units: 4
  • Type Of Units: apartments
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
05/01/2023 05/01/23 Sold $1,775,000 +4.4% $350 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $1,700,000 0.0% $335 / Sq Ft
12/30/2019 12/30/19 Rented $2,475 0.0% --
12/20/2019 12/20/19 Off Market $2,475 -- --
10/29/2019 10/29/19 Price Changed $2,475 -1.0% $2 / Sq Ft
09/12/2019 09/12/19 For Rent $2,500 +8.7% --
09/05/2018 09/05/18 Rented $2,300 0.0% --
08/07/2018 08/07/18 For Rent $2,300 -- --
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 $20,218 $1,846,710 $1,646,500 $200,210
2024 $20,218 $1,810,500 $1,614,215 $196,285
2023 $11,435 $985,139 $786,989 $198,150
2022 $11,209 $965,823 $771,558 $194,265
2021 $10,903 $946,886 $756,430 $190,456
2020 $10,802 $937,177 $748,673 $188,504
2019 $10,671 $918,801 $733,993 $184,808
2018 $10,511 $900,786 $719,601 $181,185
2017 $10,086 $883,124 $705,491 $177,633
2016 $9,894 $865,808 $691,658 $174,150
2015 $2,523 $153,985 $40,704 $113,281
2014 $2,470 $150,969 $39,907 $111,062
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-257165

The MLS
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