4891 Grace Avenue

Cypress, CA 90630

$1,950,000
Price
8
Beds
6
Baths
3,563 Sq. Ft.
$547 / Sq. Ft.
3,563
Sq. Ft.
$547
per Sq. Ft.

Description

Diversify your investment portfolio 5.5% Cap Rate! Seize this exceptional opportunity before it's gone! This property offers market rents and comprises a single-family house paired with an attached Duplex, complete with separate garages. Situated on a corner lot spanning approximately 7,405 square feet, it's a haven for astute investors seeking versatility and value. The duplex boasts a total living space of approximately 3,362 square feet, with both the original Single Family Residence (SFR) and...Diversify your investment portfolio 5.5% Cap Rate! Seize this exceptional opportunity before it's gone! This property offers market rents and comprises a single-family house paired with an attached Duplex, complete with separate garages. Situated on a corner lot spanning approximately 7,405 square feet, it's a haven for astute investors seeking versatility and value. The duplex boasts a total living space of approximately 3,362 square feet, with both the original Single Family Residence (SFR) and the secondary dwelling equipped with their own HVAC systems, ensuring optimal comfort for occupants. The SFR, nestled on Grace Ave, features three bedrooms and two bathrooms. Meanwhile, the secondary dwelling offers flexibility with a three-bedroom, two-bathroom unit and a separate two-bedroom, one-bathroom unit. Each residence boasts its own separate garage or secure gated carport, providing convenient parking options. Inside, both residences feature laundry hookups, enhancing their appeal and practicality. The SFR on Grace Ave spans approximately 1,120 square feet, while the dwelling on La Salle encompasses approximately 1,106 square feet on the first level and 1,125 square feet on the second level. Privacy and functionality are paramount, with the home on Grace Ave thoughtfully separated from the secondary dwelling by two meticulously finished garages, adorned with drywall, showcasing meticulous attention to detail throughout the property. Outside, the exterior landscape offers an inviting and low-maintenance setting, enhancing curb appeal while minimizing upkeep requirements. Moreover, the property is fully equipped with two electric meters, two gas meters, and two water meters, ensuring personalized utility tracking for each residence on Grace Ave and La Salle. Don't miss out on this exceptional investment opportunity! Contact us today to discover more and secure your future in Cypress real estate.
  1. Listed by Shelly Kay Hilliard • DRE #01968101 • Brokerage DRE #00616212 • Coldwell Banker Realty • 714-580-4500

Property Details for 4891 Grace Avenue

Architectural Style
Cottage
View
None
Parking Spaces Total
9
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 07/30/2024 08:50 AM

Property Details for 4891 Grace Avenue

StatusActive
MLS #OC24128885
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.17 AC / 7,405 SF
CountyOrange County

Building Information for 4891 Grace Avenue

Stories1Residences-Year Built1945Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 4891 Grace Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $116,400
  • Gross Scheduled Income: $116,400
  • Vacancy Allowance: 0
  • Gross Operating Income: $116,400
  • Net Operating Income: $85,840
  • Gross Multiplier: 16.31
  • Cap Rate: 5.0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $30,560
  • New Taxes Expense: $19,000
  • Gardener Expense: $600
  • Fuel Expense: $1,200
  • Electric Expense: $0
  • Insurance Expense: $3,600
  • Maintenance Expense: $2,300
  • Trash Expense: $360
  • Water Sewer Expense: $3,000
  • Total Expenses: $30,060
Tax / Assessment Info
  • Tax Block: B
  • Tax Tract Number: 489
  • Tax Census Tract: 1101.11
  • CFD/Mello-Roos Fee: $522
  • Tax Lot: 14
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas & Electric Range
  • Equipment: Garage, Gas Or Electric Dryer Hookup, In Kitchen
  • Interior Features: Ceiling Fan(s), Open Floorplan
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, In Kitchen
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central, Forced Air
  • Heating: Central, Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Carpet, Laminate, Tile
Exterior Features
  • Exterior Features: Rain Gutters
  • Roof: Shingle
  • Entry Location: 1 floor
  • Foundation Details: Combination
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 4
  • Carport Spaces: 2
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 10

Property History for 4891 Grace Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4891 Grace Avenue

Taxable ValueLand$1,212,084Additions$275,688Total$1,487,772
Tax Record2024$16,695 ($1,391 / month)
Home Facts
Beds2Total Finished SqFt1,052 SqFtAbove Grade Finished SqFt1,052 SqFtStories1Lot Size6,831 SqFtStyleSingle Family ResidenceYear Built1946CountyORANGEAPN262-312-04

Schools near 4891 Grace Avenue

This home is within Cypress Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Clara J. King Elementary School
PublicK to 6

Walker Junior High School
Public7 to 8

John F. Kennedy High School
Public9 to 12

Oxford Academy
Public7 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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4891 Grace Avenue is a multi-family home for sale in Cypress, CA 90630. This property was listed for sale on June 21, 2024 by Coldwell Banker Realty, it's currently listed at $1,950,000. It has been on the market for a total of 145 days and was last sold on December 27, 2021. This listing's school districts are Cypress Elementary School District, Anaheim Union High School District. Nearby schools include Clara J. King Elementary School, Walker Junior High School and John F. Kennedy High School. 4891 Grace Avenue is a 8-bed, 6-bath, 3,563 sqft multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Shelly Kay Hilliard, DRE #01968101

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.