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9 photos
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$1,750,000
Est. payment /mo
9 Beds
3,846 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,846 sqft
Price per Sqft $455
MLS Listing ID CL26862995
Bedrooms 9
HOA Y/N No
Year Built 1964
Lot Size 6,847 Sqft
Acres 0.16
Property Sub-Type OTHER
Property Description
We are pleased to offer the opportunity to acquire 6022 Lime Ave, a 4-unit Covington style apartment building located in a highly desirable neighborhood in Cypress. Built in 1964, this 3,846 SqFt property on a 6,847 SqFt lot offers strong fundamentals and an attractive unit mix consisting of one (1) three-bed, two-bath townhome unit and three (3) two-bed, one-bath units. The parking consists of four (4) single carport spaces. The building itself features a brand new roof installed in June 2026, along with three of the four units having undergone extensive structural and cosmetic renovations, including modernized bathrooms and vinyl plank and ceramic tile flooring. The apartments feature individual electric water heaters, with tenants responsible for their own hot water usage. The property is individually metered for electricity, with the landlord responsible only for water and trash. This provides convenience for residents and low operating expenses for ownership. 6022 Lime Ave presents a rare opportunity to acquire a turnkey asset, offering rental upside at 11%. This provides investors with the chance to increase cash flow through interior renovations, rental repositioning, or expansion potential. With its close proximity to Cypress College, easy access to the 91, 605, 22, and 405 freeways, and strong rental demand, this property represents an exceptional investment in one of Cypress's most sought-after neighborhoods.
Location
State CA
County Orange
Zoning RM-CC
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Laundry Common Area, Dryer, Washer
Exterior
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 13414310
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Listed by Kamfar Kyle Mirrafati • Matthews Real Estate Investment Services