4891 Grace Avenue, Cypress, California 90630, Cypress, 90630 - bed, bath
4891 Grace Avenue
Cypress, California 90630
Property Price
SUMMARY
Analysis of 4891 Grace Avenue, Cypress, California 90630 is currently available with a list price of $1,799,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Cypress Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1945, shows signs of regular upkeep with fresh paint and newer carpeting. However, the kitchen features dated tile countertops, light wood cabinets, white appliances, and an old fluorescent light fixture. The bathroom also presents an older style with a wood vanity, strip lighting, and sliding shower doors. While functional and clean, these areas require significant updates to meet current aesthetic and quality standards, aligning with a 'fair' condition where major components are functional but show signs of being outdated and require minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Investment Opportunity
The property boasts a solid 5% Cap Rate and is explicitly marketed as an 'exceptional investment opportunity' with 'stability and growth potential' in a prime location.
- Multi-Unit Income Property
Comprising a single-family home and an attached duplex (triplex), this versatile property offers diversified income streams and strong market rents from multiple tenants.
- Prime Location & Amenities
Situated in 'prime Cypress,' the property benefits from an ideal location close to top-rated schools, major transportation routes, and shopping, enhancing tenant appeal and long-term value.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1945, the property is quite old, which may imply potential for aging infrastructure, systems, or deferred maintenance that could require future capital expenditures.
- Potential for Capital Expenditures
While 'quality craftsmanship' is mentioned for garage separation, the description does not detail comprehensive modern renovations across all living units, suggesting a new owner might incur costs for updates or modernization to maintain competitive rents.
- Lack of Specific Views
The property details explicitly state 'view: None,' indicating it does not offer any particular scenic or desirable views, which could be a missed opportunity for added value compared to properties with such features.
About 4891 Grace Avenue
Solid 5% Cap Rate! Exceptional investment opportunity in prime Cypress. This versatile property sits on a 7,405 sq. ft. corner lot and offers approximately 3,362 sq. ft. of living space, featuring a single-family home plus an attached duplex—providing strong market rents and excellent tenant appeal. Single-Family Home (Grace Ave): 1,200 sq. ft., 3BR/2BA, with an attached 2-car garage and laundry. Duplex (La Salle): Upstairs 3BR/2BA unit includes a private 2-car garage. Downstairs 2BR/2BA unit includes a secured carport with parking for 2 cars. Each residence offers its own HVAC system and laundry hookups for convenience and independence. The single-family home is separated from the duplex by two finished garages, complete with drywall—ensuring privacy while showcasing quality craftsmanship. The exterior is equally impressive, with low-maintenance landscaping that boosts curb appeal while minimizing upkeep. Ideally located close to top-rated schools, major transportation routes, and shopping, this property provides tenants with comfort and convenience while offering investors stability and growth potential. Don’t miss out—contact us today to make this exceptional 5% Cap Rate investment yours!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1945
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,563 | 2,922 | 60% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $1.80M | $1.59M | 60% |
| Price per sq ft | $505 | $568 | 40% |
| Built year | 1945 | 1964 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 172 | 184 | 40% |
Pricing History
Listed for Sale
Sep 16, 2025
$1,799,000
Initial Listing
Sold
Dec 27, 2021
$1,430,000
Public Record
Sold
Nov 3, 1994
$238,000
Public Record