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8742 La Salle, Cypress, California 90630, Cypress, 90630 - bed, bath

8742 La Salle, Cypress, California 90630 home-pic-0
ACTIVE$1,750,000
8742 La Salle, Cypress, California 90630
0Bed
0Bath
2,057Sqft
10,454Lot
Year Built
1945
Close
-
List price
$1.75M
Original List price
$1.85M
Price/Sqft
$851
HOA
-
Days on market
-
Sold On
-
MLS number
OC25244642
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.75M(60th), sqft - 2057(40th), beds - undefined(50th), baths - undefined(50th).

Rare multi-unit offering in one of Cypress’ most sought-after neighborhoods! This 3-unit income property, situated on a desirable corner lot, provides steady rental income and excellent long-term upside. The property features: * 8742 La Salle: 3 bedrooms, 1 bath plus an additional studio unit with its own bedroom and bathroom — ideal for extended living or supplemental rental income; *4922 Merten: 2 bedrooms, 1 bath with a 2-car garage; *4932 Merten: 2 bedrooms, 1 bath. All units are fully rented, creating an immediate turnkey investment for both new and seasoned investors. Located in the heart of Cypress and surrounded by award-winning schools, including King Elementary (walking distance), Walker Jr. High, and John F. Kennedy High School. Residents also enjoy close proximity to the beautifully renovated Arnold Cypress Park, shopping, dining, and major freeways — a truly unbeatable rental location. Whether you’re looking to expand your portfolio or explore future value-add opportunities, this multi-unit property delivers solid income, strong tenant demand, and long-term appreciation potential in a highly desirable community.

Price History

Date
Event
Price
12/03/25
Price Change
$1,750,000-5.4%
10/30/25
Listing
$1,850,000
02/20/20
Sold
$1,135,000
11/14/05
Sold
$1,095,000
04/02/04
Sold
$802,000
Condition Rating
Fair
Built in 1945, this multi-unit property features interiors that are functional but significantly dated. The kitchens exhibit older cabinets, laminate countertops, basic white appliances, and linoleum/vinyl flooring. Bathrooms similarly show older vanities, basic fixtures, and dated finishes. While the property appears to be maintained and all units are rented, the overall style and features suggest renovations were likely done 15-30 years ago, making them outdated by current standards. It requires cosmetic updates and modernization to kitchens, bathrooms, and general finishes to enhance its appeal and value, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Multi-Unit Income Property: This rare offering includes three distinct units plus an additional studio, providing diversified income streams and flexibility for investors.
Turnkey Investment: All units are fully rented, ensuring immediate cash flow and a ready-to-go investment for both new and seasoned investors.
Prime Location: Located in a highly sought-after Cypress neighborhood, surrounded by award-winning schools, parks, shopping, dining, and major freeways, ensuring strong tenant demand.
Corner Lot Advantage: Situated on a desirable corner lot, which often provides enhanced curb appeal, better light, and potential for easier access or future development considerations.
Long-Term Appreciation & Value-Add Potential: The property's desirable location and multi-unit configuration offer significant potential for long-term appreciation and future value-add opportunities through renovations or upgrades.

Cons

Property Age: Built in 1945, the property is older, which may imply higher maintenance costs, potential for outdated systems (plumbing, electrical), and the need for significant capital expenditures for modernization.
Unit Size Constraints: With 2057 sqft distributed across three units and a studio, individual unit sizes are likely modest, which could limit rental income potential compared to larger units or attract a specific tenant demographic.
Recent Price Reduction: The property has undergone a $100,000 price reduction from its original list price, which could indicate initial overpricing or a lack of strong buyer interest at the higher price point.

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