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4022 Marion Avenue, Cypress, California 90630, Cypress, 90630 - 6 bed, 4 bath

4022 Marion Avenue, Cypress, California 90630 home-pic-0
ACTIVE$1,195,000
4022 Marion Avenue, Cypress, California 90630
6Beds
4Baths
2,495Sqft
6,000Lot
Year Built
1965
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$479
HOA
-
Days on market
-
Sold On
-
MLS number
PW24179126
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.20M(57th), sqft - 2495(83th), beds - 6(96th), baths - 4(90th).

BACK ON THE MARKET. EXCELLENT OPPORTUNITY TO LIVE IN ONE AND RENT THE OTHER TWO UNITS FOR A GOOD INCOME. Nice 2 story home in a quiet neighborhood. Front house has 4 bedrooms, 2.5 baths. Tax record is 2,495 living square feet. Actual living square feet is larger because I only listed the square feet provided from the assessor record. Additional square feet of the added on structures was not added on the total living square feet. Laminated woods and ceramic tiles throughout the home. In the back yard with 2 Lovely Attached Guest Villa or In-Laws Quarters. OWNER CAN LIVE IN THE FRONT HOUSE AND RENT THE 2 BACK UNITS WITH PRIVATE ENTRANCES FOR A GOOD INCOME. Rent $3,300 for the front house. UNIT 1 HAS A LARGE LIVING ROOM, SPACIOUS KITCHEN, 1 BEDROOM, 1 BATH, RENT $1,300. UNIT 2 HAS 2 BEDROOMS, KITCHEN, AND A BATHROOM. RENT $1,700. Inviting Formal Entry with Stained Glass Mahogany Front Door & Hardwood Staircase! Spacious Living Room! Gourmet Kitchen with 2-Tone Cabinets, Granite Counters, Tumbled Travertine Backsplash. Large Master Suite with Cozy Marble Fireplace, Custom Lighting & Wall Coverings, Walk-In Wardrobe and Master Bath with Marble Shower/Spa/Tub. Granite Dual Vanity. Family Room open to the kitchen. Custom Fanlight and Crown Molding. On 2013, the property has NEW ROOF & NEW SOLAR SYSTEM with 40 panels. OWNER PAID OFF THE SOLAR SYSTEM. Very low electric monthly bill. Back yard with custom built Koi pond, stones work, gas fire pit. Spacious finished attics for extra storages. Owner spent over $100,000 for the works. Excellent School District. PICTURES ARE FOR INFORMATION ONLY. PICTURES WERE TAKEN WHEN THE HOME WAS VACATED. TENANTS LIVE IN THE PROPERTY FOR AWHILE. THE PROPERTY CONDITION IS NOT THE SAME WITH THE PICTURES. BUYER CAN AT LEAST SEE THE FRONT HOUSE AND THE 2 BACK UNITS WHEN THEY WERE EMPTIED. GREAT BUY TO LIVE AND RECEIVE GOOD INCOME. Rent can be much higher. HURRY. IT WILL NOT LAST. PLEASE DO NOT MISS YOUR CHANCE. Minutes to freeways 5, 22, 91, 405 and 605, parks, schools, golf course, and shopping center

Price History

Date
Event
Price
05/01/25
Sold
$1,000,000
12/28/09
Sold
$630,000
03/07/05
Sold
$660,000
Condition Rating
Fair
The property, built in 1965, features significant updates such as a new roof and solar system from 2013, and the main house boasts a gourmet kitchen with granite counters and a master bath with marble finishes, which appear to be updated within the last 10-15 years. However, the listing explicitly states that the 'PROPERTY CONDITION IS NOT THE SAME WITH THE PICTURES' due to tenants, indicating potential for wear and tear not reflected in the photos. Furthermore, the mention of 'added on structures' not included in the assessor's square footage strongly suggests unpermitted additions, likely the two guest units, which would require substantial attention for legalization or modification. These factors, combined with the 'back on the market' status, indicate that while the main house has received updates, the property as a whole requires more than just minor cosmetic updates to address potential deferred maintenance and legal issues with the additional units.
Pros & Cons

Pros

Income-Generating Multi-Unit: The property offers significant rental income potential with a main house and two attached guest villas/in-law quarters, each with private entrances, providing a versatile living and investment opportunity.
Major Capital Improvements: Recent upgrades include a new roof (2013) and a fully paid-off 40-panel solar system (2013), leading to very low electric bills and enhanced long-term value.
Prime Location & School District: Situated in a quiet neighborhood within an excellent school district, the property offers convenient access to major freeways (5, 22, 91, 405, 605), parks, schools, golf courses, and shopping centers.
Upgraded Interior & Custom Features: The main house boasts a gourmet kitchen with 2-tone cabinets, granite counters, and tumbled travertine backsplash, a master suite with a marble fireplace, custom lighting, and crown molding, indicating a well-appointed living space.
Enhanced Outdoor Amenities & Storage: The backyard features a custom-built Koi pond, stone work, and a gas fire pit, complemented by spacious finished attics for extra storage, adding to the property's appeal and functionality.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-05-01. The sold price is $1,000,000.00.
Condition Discrepancy from Photos: The listing explicitly states that the current property condition 'is not the same with the pictures' due to existing tenants, suggesting potential for wear and tear or deferred maintenance not reflected in the marketing images.
Potential Unpermitted Additions: The actual living square footage is noted as larger than the tax record due to 'added on structures' not included in the assessor's total, which could indicate unpermitted construction and potential legal or appraisal complications.
'Back on Market' Status: The 'BACK ON THE MARKET' status may raise questions for prospective buyers regarding previous transaction failures, potentially implying undisclosed issues with the property, pricing, or other factors.

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