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8711 La Salle Street

Cypress, CA 90630
  • $4,125,000
  • STATUS: Active Under Contract
  • ON SITE: 35 Days
  • ID#: OC22187232
Under Contract
UPDATED: 7 min ago
$4,125,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Listing Agent(s): Tyler Leeson of Marcus & Millichap Re Invest (949-419-3200)


Description

8711 La Salle Street is an 8-unit multifamily investment property located in Cypress, CA. Built in 1986, 8711 La Salle Street offers an attractive mix of two and three-bedroom units and amenities including ample surface parking, private patios and balconies (select units), and on-site laundry. With strong recent market trends, including a 9.2 percent year-over-year increase in 2021 for average effective rents in the Buena Park/Cypress submarket, the property offers a unique value-add opportunity. 8711 La Salle Street is within walking distance of King Elementary School as well as retail centers along Lincoln Avenue, providing residents with convenient access to everyday needs. The property is situated less than 1.5 miles from Cypress College, a major employer and housing driver for the city. Additionally, the property benefits from its close proximity to State Route 91 and Interstate 605, providing residents with convenient access to employment hubs throughout Orange and Los Angeles Counties.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T10:33:54.103. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
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8711 La Salle Street Cypress, CA 90630

  • Price: $4,125,000
  • Status: Active Under Contract
  • On Site: 35 Days
  • Updated: 7 min ago
  • ID#: OC22187232
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1986
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
8711 La Salle Street is an 8-unit multifamily investment property located in Cypress, CA. Built in 1986, 8711 La Salle Street offers an attractive mix of two and three-bedroom units and amenities including ample surface parking, private patios and balconies (select units), and on-site laundry. With strong recent market trends, including a 9.2 percent year-over-year increase in 2021 for average effective rents in the Buena Park/Cypress submarket, the property offers a unique value-add opportunity. 8711 La Salle Street is within walking distance of King Elementary School as well as retail centers along Lincoln Avenue, providing residents with convenient access to everyday needs. The property is situated less than 1.5 miles from Cypress College, a major employer and housing driver for the city. Additionally, the property benefits from its close proximity to State Route 91 and Interstate 605, providing residents with convenient access to employment hubs throughout Orange and Los Angeles Counties.
Exterior Features

Lot Features Street Level Number Of Separate Electric Meters 8 Open Parking Spaces 14 Parking Total 14 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features CurbsSidewalks Electric Expense 2914 Fuel Expense 2914 Garage YN No Gross Income 215076 Gross Scheduled Income 212676 Insurance Expense 2463 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Maintenance Expense 6000 Net Operating Income 136417 New Construction YN No New Taxes Expense 45406 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 72279 Other Expense 6754 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 17723 Trash Expense 2914 Vacancy Allowance 6380 Water Sewer Expense 2914 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T10:33:54.103. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Tyler Leeson of Marcus & Millichap Re Invest (949-419-3200)