8601 Belmont Street,  Cypress CA, 90630 (Residential Income)

6,470 sqft
Status: Sold
MLS#: NP16197491
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Last Updated: 12/2/2016 6:43 PM
Description for 8601 Belmont Street Cypress, CA 90630
Built in 1992, the Belmont Street apartment community features a unit mix of spacious floorplans consisting of four (3 Bedroom + 2 Bathroom) units, one (2 Bedroom + 2 Bathroom) and one (1 Bedroom + 1 Bathroom). Tenant amenities include central air-conditioning and heat, dishwashers, private balconies or patios, individual water heaters and an on-site laundry facility. In addition, the property is well parked with 12 single car garages (some with direct access to the apartment) and 3 open car spaces. Located on a corner lot within a strong rental market just north of Los Alamitos. Cypress College is located just 3 miles east, major cross streets are Moody Street and Crescent Avenue. This unique community offers an investor the opportunity to acquire a rare newer constructed multi-family asset, with over 20% upside in rents. 8601 Belmont Street is being offered for sale by the original developer.
Price
Sold Price:
$1,875,000
Sold Date:11/18/2016
Orange
6,470 (approx)
NP16197491
Closed
Description
Built in 1992, the Belmont Street apartment community features a unit mix of spacious floorplans consisting of four (3 Bedroom + 2 Bathroom) units, one (2 Bedroom + 2 Bathroom) and one (1 Bedroom + 1 Bathroom). Tenant amenities include central air-conditioning and heat, dishwashers, private balconies or patios, individual water heaters and an on-site laundry facility. In addition, the property is well parked with 12 single car garages (some with direct access to the apartment) and 3 open car spaces. Located on a corner lot within a strong rental market just north of Los Alamitos. Cypress College is located just 3 miles east, major cross streets are Moody Street and Crescent Avenue. This unique community offers an investor the opportunity to acquire a rare newer constructed multi-family asset, with over 20% upside in rents. 8601 Belmont Street is being offered for sale by the original developer.
Listing Information
Property Type: Cluster, 2 Story
0.29 Acres 1,280,000 sq.ft. 6,470 (approx)
$289.8 1992
Yes- 12 spaces 2
6 Total
Neighborhood
Room Information
Common
Interior Features
Central Air
Exterior / Lot Features
12 Garage Spaces, 15 Parking Spaces, Assigned Parking Space
None
No Pool
Curbs Walk
Driving Directions
Cross Streets: Moody St. & Crescent Ave.
Financial Considerations
26231113
$130,800 Income ,$35,324Expense
Listing Price History

Cypress Real Estate

Cypress is located in California. Cypress, California 90630 has a population of 47,986.

The median household income in Cypress, California 90630 is $80,440. The median household income for the surrounding county is $75,566 compared to the national median of $53,046. The median age of people living in Cypress 90630 is 40.4 years.

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Courtesy: Investment Capital Real Estate Ignacio Diaz Jr.
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Information is deemed reliable but is not guaranteed.

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