$3,080,000
$3,250,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
SOLD DATE : 09/08/2022
Key Details
Sold Price $3,080,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,N/A
MLS Listing ID OC22105505
Sold Date 09/08/22
Construction Status Turnkey
HOA Y/N No
Year Built 1965
Lot Size 0.400 Acres
Property Description
Great Investment Opportunity to obtain 8 Units (Two Legal 4-plexes) In a phenomenal location! Subject property located at 10550-10560 Bell Street. This property is surrounded by Immaculately Maintained Newer and Large Condo Complexes. This property contains six (6) large 2 bedroom and 2 bath units and two (2) large 1 bedroom 1 bath. The location just one block to the City of Cypress, surrounded by Single Family Residences. You do not typically find apartment complexes in a great location such as this. This is a beautiful turnkey property, with great tenants who all pay rent on time! The property produces stable income and 20% upside in current rents. Property shows beautifully and 6 of the 8 units have new flooring on the interiors. Exterior is immaculate, with new lighting on building, security screen doors on all units, designer paint, beautiful landscaping, resurfaced driveways and parking lot. Convenient design for ingress and egress around property and detached garages in the back of property. Beautiful courtyard for tenants to enjoy. Great situation to obtain 8 units with residential loan, financing each 4-unit complex individually. Each 4-plex can be purchased separately at $1,699,000, but they must close concurrently. This property is a must-see!
Location
State CA
County Orange
Area 11 - Westside
Zoning R-2
Interior
Heating Wall Furnace
Flooring Carpet, Laminate
Fireplace No
Appliance Water Heater
Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Exterior Feature Rain Gutters
Garage Assigned, Asphalt, Door-Multi, Driveway Level, Driveway, Garage, Garage Door Opener, On Street
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Courtyard
Parking Type Assigned, Asphalt, Door-Multi, Driveway Level, Driveway, Garage, Garage Door Opener, On Street
Total Parking Spaces 12
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers, Flag Lot, Front Yard, Sprinklers In Front, Lawn, Landscaped, Level, Paved, Sprinklers Timer, Sprinkler System, Street Level, Yard
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 07931265
Security Features Fire Detection System,Smoke Detector(s)
Energy Description 4586.0
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Matthew Hoyt • Hoyt Real Estate, Inc.