4891 Grace AveCypress, CA 90630

Property Details for 4891 Grace Ave

Year built

1945

Property size (Sq ft)

3,563 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].