Cypress, CA 90630,8601 Belmont ST

$1,875,000

$1,850,000

1.4%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 11/18/2016

Key Details

Sold Price $1,875,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP16197491

Sold Date 11/18/16

HOA Y/N No

Year Built 1992

Property 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.

Location

State CA

County Orange

Area 80 - Cypress North Of Katella

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 12.0

Garage Description 12.0

Pool None

Community Features Curbs

Utilities Available Sewer Connected

Total Parking Spaces 15

Private Pool No

Building

Lot Description Corner Lot

Story Two

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 26231113

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ignacio Diaz Jr. • Investment Capital Real Estate
Bought with Vickie Hughes • JV Hughes Realty
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