19529 East Cypress Street
Description
We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet....THE EXISTING ASSUMABLE LOAN FIXED at 3.07% Until October 2026
We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet. The property consists of eleven two-bedroom/one-bathroom floor plans and features an on-site laundry room, copper plumbing, central water heater, and central air conditioning and heating. For parking, there are eleven tuck-under parking spaces with storage units, six carport parking spaces, and five open space parking spaces (Two parking spaces per unit). The majority of windows have been upgraded with new dual-pane windows. Selected kitchens and bathrooms were recently renovated. All units are individually metered for gas and electricity. Unincorporated Los Angeles County has their own rent control (Buyer to verify). Cypress Villa is ideally situated with easy access to Interstate 210, 10 and CA 57 freeways. With its central location and proximity to Downtown Los Angeles, the city is well served by the Metrolink Covina Station, providing its residents with many alternative ways of traveling to work, dining, shopping, and other amenities. With a very walkable score of 74 out of 100, the apartment building is within walking distance of several outdoor shopping malls with major department and grocery stores including Stater Bros Markets, Dollar Tree, and Vons. In addition, there are multiple private and public schools within a two-mile radius of the subject property such as Cedargrove Elementary School, Sonrise Christrian School, Royal Oak Middle School, and Charter Oak High School, thus attracting valuable long-term tenants. Residents can also enjoy a quick walk to Kahler Russell Park, that offers basketball and tennis courts, sports fields, playground, walking trails and more. Last but not least, the Via Verde Country Club is just a six-minute drive east of the offering. Nestled amongst the rolling Via Verde Hills, this private country club offers a picturesque view of the San Gabriel Mountains and captures the spirit of the community through exceptional golf, outstanding events, a warm atmosphere and panoramic views of Southern California.
- Listed by Douglas McCauley • DRE #01155706 • Brokerage DRE #00530854 • MARCUS & MILLICHAP • 626-695-6776
- Listed by David Covarrubias • DRE #01941403 • Brokerage DRE #00530854 • MARCUS & MILLICHAP
Property Details for 19529 East Cypress Street
Property Details for 19529 East Cypress Street
| Status | Active |
|---|---|
| MLS # | CV24217987 |
| Days on Market | 26 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1984 |
| County | Los Angeles County |
Building Information for 19529 East Cypress Street
Property Information for 19529 East Cypress Street
- Gross Income: $223,544
- Gross Scheduled Income: $221,628
- Vacancy Allowance: 4433
- Vacancy Allowance Rate: 2
- Gross Operating Income: $220,508
- Net Operating Income: $141,403
- Other Income Description: Laundry & Late Fee
- Other Income 1: $3,313
- Cap Rate: 4.3
- Operating Expense: $79,105
- Operating Expense Percent: 35.90%
- New Taxes Expense: $40,286
- Gardener Expense: $1,200
- Fuel Expense: $4,673
- Pest Control Expense: $595
- Electric Expense: $951
- Insurance Expense: $9,000
- Maintenance Expense: $11,177
- Professional Management Expense: $0
- Trash Expense: $5,074
- Water Sewer Expense: $6,245
- Total Expenses: $79,105
- Tax Tract Number: 21951
- Tax Census Tract: 4037.21
- CFD/Mello-Roos Fee: $0
- Tax Lot: 7
- Community Features: Sidewalks
- Laundry: Yes
- Laundry Features: Common Area
- Entry Location: Side
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Rectangular Lot
- Number Of Units: 11
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 11
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,692
- Unit Type Total Rent: $18,629
- Unit Type Pro Forma: 2550
- Unit Type Type: 1
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 12
- Number Of Separate Gas Meters: 12
- Number Of Separate Water Meters: 1
Property History for 19529 East Cypress Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 19529 East Cypress Street
Schools near 19529 East Cypress Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Cedargrove Elementary School PublicK to 6 | ||
Royal Oak Middle School Public7 to 8 | ||
Charter Oak High School Public9 to 12 | ||
Oak Knoll Alternative School PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706; MARCUS & MILLICHAP, David Covarrubias, DRE #01941403
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.