Cypress, CA 90630,8711 La Salle Street
Cypress, CA 90630,8711 La Salle Street
Cypress, CA 90630,8711 La Salle Street
Cypress, CA 90630,8711 La Salle Street
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$4,070,000

$4,125,000

1.3%
Est.Price: ?

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Est. payment /mo

5 Beds

4 Baths

0.35 Acres Lot


SOLD DATE : 11/28/2022

Key Details

Sold Price $4,070,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC22187232

Sold Date 11/28/22

Bedrooms 5

HOA Y/N No

Lot Size 0.350 Acres

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.
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.

Location

State CA

County Orange

Area Oc - Cypress (90630)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range .25 to .5 AC

Level or Stories 2 Story

Others

Monthly Total Fees $162

Acceptable Financing Exchange

Space Rent $1,815

Listing Terms Exchange

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San Diego Regional MLS (SDMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest
Bought with Betsy Hutchinson • Coldwell Banker Realty
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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