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6022 Lime Avenue 6022 Lime Ave 4 Unit Apartment Building $1,750,000 ($437,500/Unit) 4.73% Cap Rate Cypress, CA 90630



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
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 | Apartment Style | Low-Rise |
| Price Per Unit | $437,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.73% | Building Size | 3,846 SF |
| Gross Rent Multiplier | 14.47 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| 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 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 134-143-10 | Improvements Assessment | $165,792 |
| Land Assessment | $1,076,033 | Total Assessment | $1,241,825 |
Property Taxes
Parcel Number
134-143-10
Land Assessment
$1,076,033
Improvements Assessment
$165,792
Total Assessment
$1,241,825
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6022 Lime Avenue | 6022 Lime Ave
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