4891 Grace AveCypress, CA 90630

Property Details for 4891 Grace Ave

Year built

1945

Property size (Sq ft)

3,563 SF

Property type

Apartment buildings

Description

Exceptional investment opportunity in Cypress, CA, presents a three-unit apartment building ideally suited for a 1031 exchange. This property, located at 4891 Grace Ave, 90630, boasts a total of 3,563 square feet on a 7,406 square foot lot. The building, classified as Class C, was constructed in 1945 and underwent renovations in 2000 and 2015. The property features a mix of unit configurations, including a single-family residence and a duplex, each with its own HVAC system, separate garages or carports, and individual laundry hookups. The single-family residence comprises approximately 1,120 square feet with three bedrooms and two bathrooms. The duplex offers a three-bedroom, two-bathroom unit and a separate two-bedroom, one-bathroom unit, totaling approximately 2,443 square feet. Each unit benefits from separate electric, gas, and water meters. The property is zoned SFR-Multi, offering flexibility for future use. With an asking price of $1,899,000 ($633,000 per unit and $532.98 per square foot), this represents a compelling investment opportunity with strong potential for rental income and appreciation. The property's location in Orange County provides access to a thriving rental market. This well-maintained property offers a blend of classic charm and modern updates, making it an attractive option for tenants and investors alike. The corner lot location adds to its appeal. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Cypress

County

Orange

State

California

Latitude

33.8373

Longitude

-118.047

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