$1,600,000
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0.31 Acres Lot
SOLD DATE : 12/16/2024
Key Details
Sold Price $1,600,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24077385
Sold Date 12/16/24
HOA Y/N No
Year Built 1973
Annual Tax Amount $23,674
Lot Size 0.314 Acres
Property Description
Pleased to offer 819 Cypress Avenue, a 6+1 apartment complex located on the beautiful tree-lined street of Cypress Avenue in the city of Santa Ana. This 4,405 SF multifamily property boasts two, single-story cottage style buildings with private yards at the front of the property and a standalone fourplex at the rear of the property. Tenants enjoy the high-quality interior finishes and tranquil residential setting, along with ample parking at over a 2:1 ratio. A desirable construction age of 1973, coupled with strong ownership/management that have renovated five of the seven interiors, make this investment an ideal candidate for the investor looking to produce immediate cash flow with minimal efforts.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Carport Spaces 6
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 13
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 01105201
Energy Description 3339.0
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Rick Applebaum • Morgan Skenderian
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States