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1020 Cypress St, Placentia, CA 92870
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1020 Cypress St Placentia, CA 92870

$1,170,000 Sold Price as of 09/27/2019
  • 8 Beds
  • 8 Baths
  • 3,600 Sq.Ft.
Sold
$1,170,000 Sold Price as of 09/27/2019 Refinance Your Mortgage
Map preview of 1020 Cypress St, Placentia, CA 92870

Property Overview: 1020 Cypress St Placentia, CA has 8 bedrooms, 8 bathrooms, 3,600 living square feet and 11,761 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this nicely renovated four-unit multifamily property located in Placentia, California. The asset offers 100% townhome style two-bed / one and a half-bath units. The property is well maintained and 3 of 4 units have been fully renovated inside. There is ample garage and open parking available for tenants, which is a nice amenity in the densely populated city. There is a laundry room conveniently located on-site. The unit amenities comprise of new cabinets, new counter tops, new vanities, new paint, new fixtures, and new flooring. Each unit is individually metered for gas & electricity. This property is in a good central Placentia location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional value-add upside in a premier location within the city. Given the strength of the overall apartment market within the city of Placentia, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
11,761
HOA Dues
$0/mo
Year built
1964
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19131131
City
Placentia
County
Orange
Time on Site
1385 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,745
  • Total Rent: $1,745
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,745
  • Total Rent: $1,745
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.74%
  • Gross Rent Multiplier: 14.72
  • Gross Scheduled Income: $85,860
  • Net Operating Income: $57,619
  • Gross Operating Income: $83,383
  • Vacancy Allowance: $2,477
  • Gross Spendable Income: $57,619
  • Laundry Income: $3,300
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $25,764
  • Electric: $1,500
  • Gas/Fuel: $1,200
  • New Taxes: $13,244
  • Trash: $2,100
  • Gardener: $600
  • Insurance: $2,000
  • Maintenance: $2,000
  • Water/Sewer: $2,400

Property Details for 1020 Cypress St

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Common Area, Community
Room Information
  • Flooring: Carpet, Vinyl
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Range Hood, Water Heater Central
Interior Features
  • Levels: Two
  • Window Features: Blinds
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Assigned, Driveway, Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 34428228
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Granada Vista (GRNV)
  • Directions: North on CA-57, Exit Orangethorpe, Right on La Jolla St, Left on Cypress St
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Placentia Agent

Sale History for 1020 Cypress St

Last sold for $1,170,000 on September 27th, 2019

  • September, 2019

  • Sep 27, 2019

    Date

    Sold

    CRMLS: OC19131131

    $1,170,000

    Price

  • Jul 1, 2019

    Date

    Active Under Contract

    CRMLS: OC19131131

    $1,215,000

    Price

  • Jun 5, 2019

    Date

    Active

    CRMLS: OC19131131

    $1,215,000

    Price

  • September, 2019

  • Sep 27, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,170,000

    Price

  • August, 2008

  • Aug 14, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1020 Cypress St

Assessed Value (2020): $919,598
Year Land Value Improved Value Assessed Value
2020 $754,070 $165,528 $919,598

Home Value Compared to the Market

This property vs the competition

1020 Cypress St sold on September 27, 2019 for 20.9% higher than the current median sold price for the city of Placentia which is $1,005,000. The median sold price per/sqft for Placentia is $569 and this home is sold at $337.5 per/sqft which puts the price per square foot 40.69% lower than the current median sale per square foot for the city of Placentia.

About 1020 Cypress St

Detailed summary of property

1020 Cypress St is a multi family that recently sold in Placentia, CA 92870. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 3,600 living square feet, and sits on an approximately 11,761 square foot lot. 1020 Cypress St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,170,000. Home in Placentia are selling for a median price of $1,005,000 and a median price per square foot of $569. Based on Ardent Real Estate Group's Placentia Market Data, this home is sold 20.9% higher than the current median priced home. Local homes that are currently for sale include 12102 Colima Rd, 13931 Leffingwell Rd and 13976 Coteau Dr. While the average home in Placentia, CA is selling in 36 days, 1020 Cypress St has a days on market of 27 days. There are currently 68 homes for sale in the Placentia real estate market and 47 of them are single family homes while 20 of them are condos and 1 are townhomes. For more information on this home for sale at 1020 Cypress St Placentia, CA 92870 contact Ardent Real Estate Group and we will put you in touch with one of our Placentia agents.

Public Facts for 1020 Cypress St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
9,749
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
12
APN
344-282-29

The source for these homes facts are from public records.

92870 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$991,000
Median Sold Price/Sq.Ft.
$569
Total Inventory
68
Median Sale to List Price %
103.77%
Avg Days on Market
20
Loan Type
Conventional (46.88%), FHA (9.38%), VA (3.13%), Cash (25%), Other (15.63%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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