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!
|
DAYS ON MARKET
|
111
|
LAST UPDATED
|
9/10/2022
|
|
TRACT
|
Other (OTHR)
|
YEAR BUILT
|
1965
|
|
COMMUNITY
|
Westside
|
GARAGE SPACES
|
8.0
|
|
COUNTY
|
Orange
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Jun 8, '22
|
$3,398,000
|
|
Jun 8, '22 - Jun 21, '22 |
$3,356,000
|
|
Jun 21, '22 - Jul 7, '22 |
$3,300,000
|
| Jul 7, '22 - Today |
$3,250,000 |
| APPLIANCES |
Water Heater |
| AREA |
Westside |
| CONSTRUCTION |
Asphalt, Concrete, Drywall, Stucco |
| EXTERIOR |
Rain Gutters |
| GARAGE |
Asphalt, Assigned, Door-Multi, Driveway, Driveway Level, Garage, Garage Door Opener, On Street, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
0.4 acre(s) |
| LOT DESCRIPTION |
Drip Irrigation/Bubblers, Flag Lot, Front Yard, Landscaped, Lawn, Level, Paved, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Street Level, Yard |
| PARKING |
Assigned,Asphalt,Door-Multi,Driveway Level,Driveway,Garage,Garage Door Opener,On Street |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Other (OTHR) |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Courtyard |
| WATER |
Public |
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Listed with Owens Commerical Investments
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/24 5:15 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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