Condominium buy in Cypress California

8751 La Salle Street is a 4-unit multifamily investment property located in Cypress, CA. Built in 1974, 8751 La Salle Street offers an attractive mix of 3, 2 bed/2 bath townhomes and 1, 3 bed/2.5 bath house. The property features amenities including ample surface and garage parking, private patios, and on-site laundry. With current rents below market rates and Cypress' 2nd Quarter 2022 vacancy rate of just 1.2% showing the substantial demand for rental units in the area, 8751 La Salle Street represents an attractive value-add opportunity for a new owner. Through an interior renovation plan, a new owner could potentially achieve a substantial 25.7 percent increase in rental income. 8751 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, ensuring a consistent pool of new potential renters. Additionally, the property benefits from its close proximity to State Route 91 and Interstate 605, granting residents easy access to employment hubs throughout Orange and Los Angeles Counties. MLS® ID: OC22212150 Listed: 9/28/22 Updated: 10/17/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: Common Area Exterior/Building Features Lot Size: 10,018 ft2 lot Lot Details: Street Level Sewer: Public Sewer Other Property Details Area Name: 699 - Not Defined HOA Amenities: Curbs, Sidewalks Garage: Yes Garage Spaces: 2 Parking: Y Parking Total: 9.0 View: N County: Orange Water Source: Public Pool: No Pool Description: None Total Stories: 2 Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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.