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Investment Highlights

  • 4-Unit Covington Style Building built in 1964 in the City of Cypress, CA
  • Brand new roof installed in June 2026
  • Only a half mile from Cypress College with access to the 91, 605, 22, and 405 freeways
  • Three of four units renovated with modernized kitchens, LVP flooring, and ceramic tile
  • Low operating expenses — landlord only responsible for water, trash & common electricity

Executive Summary

Broker Of Record
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550

Property Facts

Price $1,750,000
Price Per Unit $437,500
Sale Type Investment
Cap Rate 4.73%
Gross Rent Multiplier 14.47
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,846 SF
Average Occupancy 100%
No. Stories 2
Year Built 1964
Parking Ratio 2.08/1,000 SF
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
134-143-10
Land Assessment
$1,076,033
Improvements Assessment
$165,792
Total Assessment
$1,241,825
  • Listing ID: 41411277

  • Date on Market: 7/23/2026

  • Last Updated:

  • Address: 6022 Lime Ave, Cypress, CA 90630

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