Cypress, CA 90630,8711 La Salle ST
Cypress, CA 90630,8711 La Salle ST
Cypress, CA 90630,8711 La Salle ST
5
$4,070,000
$4,125,000
1.3%
Est.Price: ?

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0.35 Acres Lot

8711 La Salle ST Cypress, CA 90630

Est. payment /mo
SOLD DATE : 11/28/2022

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Key Details

Sold Price $4,070,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC22187232

Sold Date 11/28/22

HOA Y/N No

Year Built 1986

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.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 14

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 26232211

Energy Description 2914.0

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Tyler Leeson Marcus & Millichap RE Invest
Bought with Betsy Hutchinson Coldwell Banker Realty
Oliver Bronfenmajer

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