Cypress, CA 90630 8622 Watson
$2,293,000



19 more



















Presented By: Jennifer Ciaramitaro with Fiv Realty Co;
Home Details
*DO NOT DISTURB TENANTS*
This is an exceptional investment opportunity on an expansive 15,000 sq ft lot featuring five charming 2-bedroom, 1-bath bungalow-style units. Each unit has been tastefully remodeled, offering updated interiors that appeal to today’s tenants while maintaining the classic bungalow character. Improvements include modernized kitchens and baths, refreshed flooring, and updated finishes throughout. Each unit has it's own outdoor space, to BBQ, entertain or just enjoy the sunshine. The large lot allows for excellent spacing between units, creating a comfortable and private residential environment rarely found in multi-unit properties.
In addition to attached, private garages for each unit, the property also offers 4 off-street spaces along the driveway and public street parking. This amazing property sits directly across the street from the newly improved Arnold Cypress Park, providing tenants with immediate access to open green space, recreation, and neighborhood amenities.
With strong rental appeal, a highly desirable location, and multiple standalone bungalow units, this property presents an outstanding opportunity for investors seeking stable income with long-term upside potential. Zoned RM15, this sizable parcel also offers future development or expansion possibilities (buyer to verify with the city).
Ideally suited for investors looking to add a well-maintained, high-demand multi-unit property to their portfolio.
Presented By: Jennifer Ciaramitaro with Fiv Realty Co;
Interior Features for 8622 Watson
Other Interior Features
Air Conditioning Y/NNo
Common Walls1 Common Wall, No One Above, No One Below
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesAll Bedrooms Down
Laundry FeaturesWasher Hookup, Gas Dryer Hookup
Total Stories1
Other Rooms
Entry Level1
General for 8622 Watson
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityCypress
Community FeaturesBiking, Dog Park, Park
ContingencyInterior inspection subject to submitted offer and POF
CoolingNone
CountyOrange
DirectionsMoody and Crescent
Entry Locationground
Garage Spaces5
Garage Y/NYes
Gross Income84600
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense3646
Land Lease Y/NNo
LevelsOne
Listing TermsCash to New Loan
Lot Size Square Feet15000
Lot Size UnitsSquare Feet
MLS Area80 - Cypress North of Katella
Net Operating Income75454
New ConstructionNo
Number Of Units Total5
Open Parking Spaces4
Operating Expense9146
Pool FeaturesNone
PostalCityCYPRESS
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count1
Subdivision Namecypress
Tax Lot1
Tenant PaysCable TV, Electricity, Gas
Trash Expense1900
ViewPark/Greenbelt, Neighborhood
Water Sewer Expense3600
Year Built1957
Year Built SourceAssessor
ZoningRM15
Exterior for 8622 Watson
Building Area Total4675
Lot Features0-1 Unit/Acre
Lot Size Acres0.3444
Lot Size Area15000
Lot Size SourceEstimated
Number of Buildings4
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Parking FeaturesDriveway, Garage, Public
Private PoolNo
SpaNo
Total Parking9
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 • 4,675