Cypress, CA 90630 4891 Grace Avenue

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Presented By: Shelly Kay Hilliard with Coldwell Banker Realty; 714-580-4500
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25020979
  • 01/29/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 6
  • SQFT • 3,563
  • Garage • 4

Home Details

**Diversify Your Investment Portfolio with a 4% Cap Rate!** Seize this incredible investment opportunity before it’s too late! This versatile property offers market rents and combines a single-family home with an attached duplex, each featuring separate garages. Located on a spacious corner lot of approximately 7,405 square feet, this property is designed to appeal to astute investors seeking value and flexibility. The duplex boasts approximately 3,362 square feet of total living space, with each residence equipped with its own HVAC system for optimal comfort. The single-family home, situated on Grace Avenue, features three bedrooms and two bathrooms and spans approximately 1,200 square feet. The secondary dwelling on La Salle includes a three-bedroom, two-bathroom unit on the second floor and a two-bedroom, two-bathroom unit on the first floor, offering incredible flexibility for tenants or owners. Privacy and functionality are thoughtfully incorporated throughout the property. The single-family home is separated from the duplex by two finished garages, complete with drywall, ensuring privacy while showcasing quality craftsmanship. Each residence also includes its own laundry hookups for added convenience and practicality. The exterior is equally impressive, with low-maintenance landscaping that enhances curb appeal while minimizing upkeep. Whether you’re looking to expand your portfolio or secure a high-performing asset, this property offers an outstanding opportunity in the sought-after Cypress area. Don’t miss out—contact us today to learn more and make this exceptional investment yours!
Presented By: Shelly Kay Hilliard with Coldwell Banker Realty; 714-580-4500

Interior Features for 4891 Grace Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall, EndUnit
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Vinyl
Heating Y/NYes
Interior AmenitiesBeamedCeilings, Balcony, CeilingFans, GraniteCounters, OpenFloorplan, TileCounters, Unfurnished, PrimarySuite
Laundry FeaturesInGarage, InKitchen
Total Stories1

Other Rooms

Entry Level1

General for 4891 Grace Avenue

AccessibilityParking
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, GasRange, Refrigerator, RangeHood, WaterHeater
Architectural StyleCraftsman
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.0
Carport Spaces1.0
Carport Y/NYes
CityCypress
Community FeaturesCurbs, Gutters, StreetLights, Sidewalks
Construction MaterialsStucco, WoodSiding
ContingencyBuyer to cooperate with sellers 1031 exchange.
CoolingCentralAir
CountyOrange
DirectionsBetween Lincoln Ave. and Crescent Ave.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location3
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income117600.0
HOANo
HeatingForcedAir
Home Warranty Y/NNo
Insurance Expense3600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsExchange1031
Lot Size Square Feet7405.0
Lot Size UnitsSquareFeet
MLS Area80 - Cypress North of Katella
MaintenanceExpense3000.0
MobileHomeRemainsYNNo
Net Operating Income83520.0
New ConstructionNo
Number Of Units Total3
Open Parking Spaces5.0
Operating Expense31280.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsphalt, Shingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision Nameother
Tax Lot14
Taxes$21,000
Tenant PaysElectricity, Gas
Trash Expense480.0
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense2600.0
Year Built1945
Year Built SourceAssessor

Exterior for 4891 Grace Avenue

Building Area Total3563.0
Crops Included Y/NNo
Foundation DetailsCombination, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.17
Lot Size Area7405.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking10.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,899,990
MLS#OC25020979
List Date 01/29/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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