4802 Alaska, Cypress, California 90630, Cypress, 90630 - 5 bed, 6 bath

4802 Alaska, Cypress, California 90630 home-pic-0
ACTIVE$1,890,000$2,716/sqft
Est. Value: $1,702,938
-9%
AboveEstimate
4802 Alaska, Cypress, California 90630
5Beds
6Baths
2,716Sqft
7,860Lot

Price Vs. Estimate

The estimated value ($1,702,937.915) is $187,062.085 (9%) lower than the list price ($1,890,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential: The property includes two well-designed ADU units currently generating approximately $3,900 per month in rental income, significantly offsetting ownership costs and adding substantial value.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7860, other record lot size in square feet = 7202. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2716, other record living area = 2088. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.

Compared to the nearby listings

Price:$1.89M vs avg $1.14M (+$748,000)92%
Size:2,716 sqft vs avg 1,700 sqft89%
Price/sqft:$696 vs avg $66064%

More Insights

Built in 1967 (59 years old).
Condition: Despite being built in 1967, the property has undergone a complete and extensive remodel with modern finishes and designer-level details, as stated in the description and evident in the images. The kitchen features modern appliances, sleek countertops, and updated flooring. All bathrooms are virtually new, showcasing contemporary vanities, stylish tiling, modern fixtures, and smart toilets. The flooring throughout the home is consistent and modern, and lighting appears updated with recessed fixtures. The property presents as a turnkey home with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
Year Built
1967
Close
-
List price
$1.89M
Original List price
$1.89M
Price/Sqft
$696
HOA
-
Days on market
-
Sold On
-
MLS number
PW26012022
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Welcome to 4802 Alaska Ave., Cypress, a truly one-of-a-kind luxury property offering single-level living, multi-generational flexibility, and excellent rental income in one of Cypress’s most desirable neighborhoods served by top-rated public schools. This rare home features 5 bedrooms and 6 bathrooms all on one single level, with approximately 2,700 square feet of total living space on an almost 8,000 square foot lot. The entire property has been beautifully remodeled with modern finishes, thoughtful upgrades, and designer-level details throughout, reflecting true pride of ownership as the owner is also the listing agent and a professional interior architecture designer who personally designed the home. Adding outstanding value, the property includes two ADU units currently generating approximately $3,900 per month in rental income, and each ADU offers complete independence with its own entrance, private street-access pathway, and its own laundry facility. The ADU units provide exceptional privacy with over 12-inch or thicker separation walls, offering superior sound insulation and comfort for tenants. Based on approximately a 5% cap rate, the ADU income alone reflects an estimated value close to $1,000,000. The stunning and fun backyard completes the property, creating the perfect setting for relaxing, entertaining, and making unforgettable memories. This is a rare opportunity to own a fully remodeled turnkey home with a luxury single-story layout, strong income potential, and an outstanding Cypress location.

S
Sophia Chang
Listing Agent

Price History

Date
Event
Price
03/25/05
Sold
$570,000
01/16/02
Sold
$291,500
Condition Rating
Excellent

Despite being built in 1967, the property has undergone a complete and extensive remodel with modern finishes and designer-level details, as stated in the description and evident in the images. The kitchen features modern appliances, sleek countertops, and updated flooring. All bathrooms are virtually new, showcasing contemporary vanities, stylish tiling, modern fixtures, and smart toilets. The flooring throughout the home is consistent and modern, and lighting appears updated with recessed fixtures. The property presents as a turnkey home with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Exceptional Income Potential: The property includes two well-designed ADU units currently generating approximately $3,900 per month in rental income, significantly offsetting ownership costs and adding substantial value.
Extensive & Professional Remodel: The entire property has been beautifully remodeled with modern finishes, thoughtful upgrades, and designer-level details, personally overseen by a professional interior architect.
Prime Location & Top Schools: Situated in one of Cypress's most desirable neighborhoods, the property benefits from access to top-rated public schools, enhancing its appeal to families.
Versatile Single-Level Layout: Offering 5 bedrooms and 6 bathrooms all on one single level, the layout provides multi-generational flexibility and spacious living without stairs.
Enhanced Outdoor Living: A stunning and fun backyard completes the property, creating an ideal setting for relaxing, entertaining, and making unforgettable memories.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7860, other record lot size in square feet = 7202. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2716, other record living area = 2088. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
No Specific View: The property details explicitly state 'View: None,' which may be a drawback for buyers prioritizing scenic vistas.
Increased Management Complexity: While income-generating, managing two separate ADU units requires ongoing landlord responsibilities, including tenant relations, lease agreements, and maintenance coordination.
Potential for Higher Property Taxes: Given the significant value, extensive remodeling, and income-generating ADUs, the property's assessed value and corresponding property taxes are likely to be substantial.
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