$3,080,000
$3,250,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
0.4 Acres Lot
SOLD DATE : 09/08/2022
Key Details
Sold Price $3,080,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22105505
Sold Date 09/08/22
Bedrooms 8
HOA Y/N No
Lot Size 0.400 Acres
Property Description
Great Investment Opportunity to obtain 8 Units (Two Legal 4-plexes) In a phenomenal location! Subject property located at 10550-10560 Bell Street. This property is surrounded by Immaculately Maintained Newer and Large Condo Complexes. This property contains six (6) large 2 bedroom and 2 bath units and two (2) large 1 bedroom 1 bath. The location just one block to the City of Cypress, surrounded by Single Family Residences. You do not typically find apartment complexes in a great location such as this. This is a beautiful turnkey property, with great tenants who all pay rent on time! The property produces stable income and 20% upside in current rents. Property shows beautifully and 6 of the 8 units have new flooring on the interiors. Exterior is immaculate, with new lighting on building, security screen doors on all units, designer paint, beautiful landscaping, resurfaced driveways and parking lot. Convenient design for ingress and egress around property and detached garages in the back of property. Beautiful courtyard for tenants to enjoy. Great situation to obtain 8 units with residential loan, financing each 4-unit complex individually. Each 4-plex can be purchased separately at $1,699,000, but they must close concurrently. This property is a must-see!
Great Investment Opportunity to obtain 8 Units (Two Legal 4-plexes) In a phenomenal location! Subject property located at 10550-10560 Bell Street. This property is surrounded by Immaculately Maintained Newer and Large Condo Complexes. This property contains six (6) large 2 bedroom and 2 bath units and two (2) large 1 bedroom 1 bath. The location just one block to the City of Cypress, surrounded by Single Family Residences. You do not typically find apartment complexes in a great location such as this. This is a beautiful turnkey property, with great tenants who all pay rent on time! The property produces stable income and 20% upside in current rents. Property shows beautifully and 6 of the 8 units have new flooring on the interiors. Exterior is immaculate, with new lighting on building, security screen doors on all units, designer paint, beautiful landscaping, resurfaced driveways and parking lot. Convenient design for ingress and egress around property and detached garages in the back of property. Beautiful courtyard for tenants to enjoy. Great situation to obtain 8 units with residential loan, financing each 4-unit complex individually. Each 4-plex can be purchased separately at $1,699,000, but they must close concurrently. This property is a must-see!
Location
State CA
County Orange
Area Oc - Stanton (90680)
Zoning Public Rec
Exterior
Exterior Feature Stucco
Garage Unit1:Assigned
Building
Lot Description Sidewalks
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Conventional
Space Rent $1,825
Listing Terms Conventional
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Matthew Hoyt • Hoyt Real Estate, Inc.
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States