8615 Walker Street

Cypress, CA 90630

$1,935,000
Last Sold Price
7
Beds
6
Baths
4,100 Sq. Ft.
$472 / Sq. Ft.
4,100
Sq. Ft.
$472
per Sq. Ft.

Description

Nice 5 unit building on one level and large lot. 1-Four bedroom, one and a half bathroom owners type unit, 3- Two-bedroom, one-bathroom units, 1- Studio with one bath unit. 5 Separate single-car garages. 5 separate parking spaces. This building has been an Alcohol Recovery facility for 25 plus years. Pulls in $12,400 per month in gross rental receipts, very smooth operation, very quiet, the resident manager runs the place very efficiently and he'd like to stay, the owner is currently paying for all...Nice 5 unit building on one level and large lot. 1-Four bedroom, one and a half bathroom owners type unit, 3- Two-bedroom, one-bathroom units, 1- Studio with one bath unit. 5 Separate single-car garages. 5 separate parking spaces. This building has been an Alcohol Recovery facility for 25 plus years. Pulls in $12,400 per month in gross rental receipts, very smooth operation, very quiet, the resident manager runs the place very efficiently and he'd like to stay, the owner is currently paying for all utilities, the new owner could easily increase net income by having the tenants' pay utilities. There are 4 separate meters for each utility service Please do not disturb occupants.
  1. Listed by Charles Creamer • DRE #00762062 • Brokerage DRE #01195996 • ReMax Tiffany Real Estate

Property Details for 8615 Walker Street

Architectural Style
Contemporary
View
Neighborhood
Parking Spaces Total
10
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4100

Location

Listing Courtesy of ReMax Tiffany Real Estate, Charles Creamer, DRE #00762062

Sold By Saddleback Rlty & Mortgage, Allen Kirschbaum, DRE #01102874

Add your commute
LISTING UPDATED: 10/04/2022 07:19 AM

Property Details for 8615 Walker Street

StatusClosed
MLS #PW22000907
Days on Market158
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.33 AC / 14,450 SF
CountyOrange County

Location

Listing Courtesy of ReMax Tiffany Real Estate, Charles Creamer, DRE #00762062

Sold By Saddleback Rlty & Mortgage, Allen Kirschbaum, DRE #01102874

Add your commute

Building Information for 8615 Walker Street

Stories1Residences-Year Built1960Building Size-Lot Size0.33 AC / 14,450 SF

Payment Calculator

$12,372 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,560

Property Taxes

$1,812

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8615 Walker Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $130,800
  • Gross Scheduled Income: $144,480
  • Gross Operating Income: $144,480
  • Net Operating Income: $126,480
  • Laundry Income: $250
  • Cap Rate: 5.7
  • Financing: Cash
Expense Details
  • Operating Expense: $18,000
  • Fuel Expense: $5,000
  • Electric Expense: $5,000
  • Insurance Expense: $3,000
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $5,000
  • Total Expenses: $18,000
Tax / Assessment Info
  • Tax Tract Number: 110...
  • Tax Census Tract: 1101.02
  • CFD/Mello-Roos Fee: $749
  • Tax Lot: 56
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Interior Features: Block Walls
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: Kitchen, Electric, Gas
  • Fireplace Rooms: Electric, Gas, Kitchen
  • Heating Type: Forced Air, Wall
  • Heating: Forced Air, Wall Furnace
  • Heat Equipment: Forced Air Unit
  • Flooring: Carpet, Concrete, Tile, Vinyl
Exterior Features
  • Roof: Composition
  • Fence: Yes
  • Fencing: Block
  • Foundation Details: Slab
  • Property Condition: Repairs Cosmetic, Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Level
  • Direction Faces: East
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Concrete, Garage
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,450
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,060
  • Unit Type Total Rent: $7,100
  • Unit Type Pro Forma: 7100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 8615 Walker Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8615 Walker Street

Taxable ValueLand$1,758,532Additions$176,468Total$1,935,000
Tax Record2023$21,741 ($1,812 / month)
Home Facts
Total Finished SqFt2,705 SqFtAbove Grade Finished SqFt2,705 SqFtStories2Lot Size14,288 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyORANGEAPN262-431-56

Schools near 8615 Walker Street

This home is within Cypress Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Clara J. King Elementary School
PublicK to 6

Walker Junior High School
Public7 to 8

John F. Kennedy High School
Public9 to 12

Oxford Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Listing Courtesy of ReMax Tiffany Real Estate, Charles Creamer, DRE #00762062

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.