Condominium buy in Cypress California

The Mungall Drive 4-plex apartments present an excellent investment opportunity for owner occupant or investor. The structure is 3,710 square feet and sits atop a large 9,500 square foot corner lot. The units are single story construction and all four apartments are two bedrooms; (1) 2 bed 1.5 bath and (3) 2 bed 1 bath. Tenants enjoy enclosed patios, a large balcony (upstairs unit), an onsite laundry facility, and enclosed garage parking. Monthly ownership costs are low as the units are separately metered for gas and electric. The subject property is located on a quiet cul-de-sac street off Knott Avenue, just a few blocks from Cypress College along with numerous shopping and entertainment venues. GSI, cap rate and GRM figures are based on proforma rents which are representative of the rental amounts after the allowable rental increases are issued. MLS® ID: PW22187520 Listed: 8/24/22 Updated: 10/4/22 Interior Features Kitchen Appliances: Dishwasher, Gas Oven Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: Common Area Heating: Forced Air Exterior/Building Features Lot Size: 9,486 ft2 lot Lot Details: Rectangular Lot Sewer: Public Sewer Other Property Details Area Name: 79 - Anaheim West of Harbor HOA Amenities: Street Lights Garage: Yes Garage Spaces: 5 Parking: Garage Faces Rear Parking Total: 7.0 View: N County: Orange Utilities: Cable Available, Electricity Connected, Natural Gas Connected Water Source: Public Pool: No Pool Description: None Total Stories: 2 Zoning: R-4 Listed by Michael Arp, Morgan Skenderian, Based on information from California Regional Multiple Listing Service, Inc. as of 10/4/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.