Bought with Matthew Hoyt • Hoyt Real Estate, Inc.
$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 Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 3,938 sqft
Price per Sqft $391
MLS Listing ID CROC22105437
Year Built 1965
Lot Size 0.400 Acres
Property Sub-Type OTHER
Property Description
Great Investment Opportunity to obtain 4 Units, in a phenomenal Stanton location! Subject property located at 10550 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 10560 Bell Street. Each 4-plex being offered at $1,699,000 and both properties together being offered at
Location
State CA
County Orange
Interior
Flooring Laminate, Carpet
Laundry Common Area, Community Facility, Laundry Room
Exterior
View Other
Building
Lot Description Other, Front Yard, Landscape Front, Paved, Landscape Misc
Water Public
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