5582 Newman St | Cypress, CA 90630
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- LoopNet Team
5582 Newman St
Cypress, CA 90630
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- All Single-Story Cottages Built in 1971 / Desirable Unit Mix
- Close to Cypress College, Retail, Employment, & Entertainment
- Upside in Rents / Large Yards, Enclosed Garages, & Washer/Dryer Hookups Inside Units
- Recent Extensive Renovations / Upgrades of Interiors & Exterior
- Low Expense Building / Separately Metered for Gas & Electric
- 4.8% CAP Rate and 6.2% Total Return on Current Income
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 4,887 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1971 |
| Zoning | RS 6000-FA | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 4,887 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
| Zoning | RS 6000-FA |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,800 | - |
| 2+1 | 3 | $2,075 | - |
| 3+1 | 1 | $2,550 | - |
PROPERTY TAXES
| Parcel Number | 244-511-46 | Improvements Assessment | $220,814 |
| Land Assessment | $1,819,570 | Total Assessment | $2,040,384 |
PROPERTY TAXES
Parcel Number
244-511-46
Land Assessment
$1,819,570
Improvements Assessment
$220,814
Total Assessment
$2,040,384
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