4891 Grace Avenue, Cypress, California 90630, Cypress, 90630 - bed, bath

4891 Grace Avenue, Cypress, California 90630 home-pic-0
ACTIVE$1,899,990
4891 Grace Avenue, Cypress, California 90630
0Bed
0Bath
3,563Sqft
7,405Lot
Year Built
1945
Close
-
List price
$1.9M
Original List price
$2.1M
Price/Sqft
$533
HOA
-
Days on market
-
Sold On
-
MLS number
OC25020979
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.90M(80th), sqft - 3563(60th), beds - undefined(50th), baths - undefined(50th).

**Diversify Your Investment Portfolio with a 4% Cap Rate!** Seize this incredible investment opportunity before it’s too late! This versatile property offers market rents and combines a single-family home with an attached duplex, each featuring separate garages. Located on a spacious corner lot of approximately 7,405 square feet, this property is designed to appeal to astute investors seeking value and flexibility. The duplex boasts approximately 3,362 square feet of total living space, with each residence equipped with its own HVAC system for optimal comfort. The single-family home, situated on Grace Avenue, features three bedrooms and two bathrooms and spans approximately 1,200 square feet. The secondary dwelling on La Salle includes a three-bedroom, two-bathroom unit on the second floor and a two-bedroom, two-bathroom unit on the first floor, offering incredible flexibility for tenants or owners. Privacy and functionality are thoughtfully incorporated throughout the property. The single-family home is separated from the duplex by two finished garages, complete with drywall, ensuring privacy while showcasing quality craftsmanship. Each residence also includes its own laundry hookups for added convenience and practicality. The exterior is equally impressive, with low-maintenance landscaping that enhances curb appeal while minimizing upkeep. Whether you’re looking to expand your portfolio or secure a high-performing asset, this property offers an outstanding opportunity in the sought-after Cypress area. Don’t miss out—contact us today to learn more and make this exceptional investment yours!

Price History

Date
Event
Price
12/27/21
Sold
$1,430,000
11/03/94
Sold
$238,000
Condition Rating
Fair

Built in 1945, the property shows signs of being aged but maintained. The kitchen features outdated tile countertops, traditional wood cabinets, older white appliances, and an old fluorescent light fixture, indicating a renovation likely 15-30 years ago. While the kitchen flooring appears newer, the carpet in other areas is not new. No bathroom images are provided, but it's reasonable to assume they are similarly dated. The property is functional with individual HVAC systems mentioned, but significant aesthetic updates are required, particularly in the kitchen and likely bathrooms, to meet current market standards.
Pros & Cons

Pros

Investment Opportunity: Explicitly marketed as an investment with a stated 4% cap rate and classified as 'Residential Income,' offering strong potential for portfolio diversification and consistent rental income.
Multi-Unit Configuration: The property is a versatile triplex, combining a single-family home with an attached duplex, allowing for diverse rental strategies and tenant profiles.
Spacious Corner Lot: Situated on a generous 7,405 square foot corner lot, providing ample space, enhanced curb appeal, and potentially easier access for tenants.
Individual Unit Amenities & Privacy: Each duplex residence features its own HVAC system and laundry hookups, while the single-family home is thoughtfully separated by finished garages, ensuring tenant comfort and privacy.
Desirable Location: Located in the sought-after Cypress area, specifically 'Cypress North of Katella,' which typically commands strong rental demand and property values.

Cons

Age of Property: Built in 1945, the property's age suggests potential for aging infrastructure, systems, and components that may require significant capital expenditures for maintenance or upgrades in the near future.
Significant Price Reduction: The current list price of $1.899M is a notable reduction from the original list price of $2.1M, which could indicate an initial overvaluation or challenges in attracting buyers at the higher price point.
Limited Renovation Details: While some features like individual HVAC and finished garages are mentioned, the description lacks comprehensive details on recent renovations or the overall condition of all units, particularly the 1945-built single-family home, which may imply potential deferred maintenance or necessary cosmetic updates.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state