Cypress, CA 90630 9556 9568 Walker Street
$3,780,000



16 more
















Presented By: Christian Tait with Marcus & Millichap RE Invest; christian.tait@marcusmillichap.com
Home Details
9556–9568 Walker Street is a 7-unit multifamily investment located in Cypress, California. Built in 1991 and offered for sale by the original owner/developer, the property offers a rare opportunity to acquire a newer-vintage, condomapped multifamily asset in a desirable North Orange County location. The property features seven 2-bed/1.5-bath townhome units (930 sf), each with a two-story floor plan, private patio, central air and heat, and in-unit laundry hookups. The units have been updated with quartz countertops, vinyl plank flooring, and recessed lighting, while recent exterior and capital improvements include exterior repainting in 2026, the remodel of Unit 9564 in 2026, replacement of the garage roof in 2023, garage door replacements, and an apartment roof replacement around 2016. A key differentiator is the property’s condo-mapped structure, with each unit assigned its own separate APN. This provides new ownership with a rare additional exit strategy through the potential sale of individual units, rather than being limited to a traditional multifamily disposition. With recent 2-bedroom condo sales in Cypress averaging approximately $653,000 over the last calendar year, the individual-unit structure provides meaningful market context for this long-term optionality. The property is also well-positioned operationally, with electricity, gas, and water separately metered to each unit, helping reduce ownership expenses and further supporting the feasibility of a future unit-by-unit sale strategy. Overall, 9556–9568 Walker Street offers investors a combination of newer construction, updated townhome-style units, stable multifamily operations, and a differentiated ownership structure rarely available in the Cypress market.
Presented By: Christian Tait with Marcus & Millichap RE Invest; christian.tait@marcusmillichap.com
Interior Features for 9556 9568 Walker Street
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesWasher Hookup, Gas Dryer Hookup
Total Stories2
Other Rooms
Entry Level1
General for 9556 9568 Walker Street
Additional Parcels Description93445076, 93445077, 93445078, 93445079, 93445080, 93445081, 24455148
Additional Parcels Y/NYes
Building Area UnitsSquare Feet
Cap Rate3.8
CityCypress
Community FeaturesCurbs, Gutter(s), Street Lights, Sidewalks
CountyOrange
DirectionsCross Streets of Walker Street & Orange Avenue
Electric Expense920
Entry LocationFirst level
Fuel Expense922
Garage Spaces13
Garage Y/NYes
Gross Income214140
HOANo
HOA Fee$
Insurance Expense5250
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet15246
Lot Size UnitsAcres
MLS Area80 - Cypress North of Katella
MaintenanceExpense5600
Net Operating Income143703
New ConstructionNo
Number Of Units Total7
Open Parking Spaces3
Operating Expense64013
Pool FeaturesNone
PostalCityCYPRESS
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameOther
Tax Lot1
Taxes$42,080
Trash Expense920
Water Sewer Expense920
Year Built1991
Year Built SourceAssessor
Exterior for 9556 9568 Walker Street
Building Area Total6510
Lot FeaturesStreet Level
Lot Size Acres0.35
Lot Size Area0.35
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Private PoolNo
Total Parking16
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 6,510