481 Cypress St Orange, CA 92866
High-yield, stabilized student housing.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Two-unit property, fully occupied.
- Main house features four bedrooms and three bathrooms; permitted accessory dwelling unit (ADU) adds two bedrooms and one bathroom.
- Offered at $2,075,000.
- 100% occupancy generates $116,400 annual gross income.
- Expenses are 12.04% of gross income, yielding a net operating income (NOI) of $102,297.50.
- Cap rate is 4.93%; gross rent multiplier (GRM) is 17.83.
Property Details for 481 Cypress St
- Property type
- Dormitories, Student housing
- Square Feet
- 1,960 SF
- Class
- A
- Units
- 2
Location Insight
- City
- Orange
- County
- Orange
- State
- California
- Latitude
- 33.7947015
- Longitude
- -117.8559958
Nearby Similar for Sale
FAQs
- What type of property is this?
- Dormitory - High-yield, stabilized student housing.
- Where is the dormitory located?
- The property is located at 481 Cypress St Orange, CA.
- What is the asking price?
- The asking price for this property is $2,075,000.
- What are key features of this property?
- This property features: Two-unit property, fully occupied.; Main house features four bedrooms and three bathrooms; permitted accessory dwelling unit (ADU) adds two bedrooms and one bathroom.; Offered at $2,075,000.
- How can I contact the broker?
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