619 S Cypress Street, Orange, CA 92866
Property · 2 recorded sales since 2014
Sold May 2015
Listing Agent: ERIC CHEN (DRE #01489184) · Listing Office: CB RICHARD ELLIS · Contact: 909-418-2000 · Bought with: ERIC CHEN · CB RICHARD ELLIS · MLS #CV15067974 · Source: CRMLS
About this property
The Cypress Street Apartments located in the city of Orange is in an excellent area with easy access to nearby elementary schools, restaurants, and parks. It is also a five minute drive from the St. Joseph Hospital and right by the 22 Garden Grove Freeway. Investors are receiving a rare opportunity to own a great and consistent income producing property in a prime location. Built in 1966, the Cypress Street Apartments contains 4 large units on an 8,050 square foot lot. The building has a pitched ceramic tile roof with an on-site laundry facility for the tenants. There are four one-car garages available, so the apartments contain an excellent parking ratio of one to one. The property is very well maintained with recent exterior paint, and beautiful landscaping that brings great curb appeal. The Cypress Street apartments have a 100% occupancy rate and feature a great unit mix. The Cypress Street Apartments is a stable income-producing property and a great long-term investment. It is located in a desirable, non-rent controlled area, has an excellent unit mix, and 1,200+ square foot units. This property offers growth and stability for any type of investor whether it may be a first-time purchase or 1031 exchange opportunity.
Listing description from the May 2015 sale, as reported to CRMLS.
Sale history
