$1,540,000
$1,625,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
3,938 SqFt
SOLD DATE : 09/08/2022
Key Details
Sold Price $1,540,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,938 sqft
Price per Sqft $391
Subdivision ,N/A
MLS Listing ID OC22105468
Sold Date 09/08/22
Construction Status Turnkey
HOA Y/N No
Year Built 1965
Lot Size 0.400 Acres
Acres 0.4
Property Description
Great Investment Opportunity to obtain 4 Units, in a phenomenal Stanton location! Subject property located at 10560 Bell Street. This property is surrounded by Immaculately Maintained Newer and Large Condo Complexes. The 4-plex contains three (3) large 2 bedroom and 2 bath units and one (1) 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 most units have new flooring on the interior. 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. Property can be sold separately but must close concurrently with 10550 Bell Street. Each 4-plex being offered at $1,699,000 and both properties together being offered at $3,398,000. This is a must-see property.
Location
State CA
County Orange
Area 11 - Westside
Zoning R-2
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Ceiling Fan(s)
Laundry Location Common Area
Heating Wall Furnace
Flooring Carpet, Laminate
Fireplace No
Appliance Gas Cooktop, Disposal, Gas Oven, Gas Range, Water Heater
Laundry Common Area
Exterior
Garage Assigned, Asphalt, Door-Multi, Driveway Level, Driveway, Garage, One Space, Unassigned
Garage Spaces 4.0
Garage Description 4.0
Fence Wood
Pool None
Community Features Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition,Flat
Parking Type Assigned, Asphalt, Door-Multi, Driveway Level, Driveway, Garage, One Space, Unassigned
Total Parking Spaces 6
Private Pool No
Building
Lot Description Cul-De-Sac, Flag Lot, Front Yard, Landscaped, Level
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 Smoke Detector(s),Security Lights
Energy Description 2293.0
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.
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