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9089-9101 Watson St
Cypress, CA 90630 Cypress

$1,520,000 USD

Apartments For Sale  •  2,581 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,581 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1959
  • Cap Rate 3.67 %
30 Transit Score
60 Walk Score

Highlights

Three single-story, freestanding residences with no shared walls, offering tenants a single-family living experience with maximum privacy.
Features a 2023-constructed 2-bed/1.5-bath detached ADU alongside two original 2-bed/1-bath units comprehensively renovated in 2018.
Every residence includes in-unit laundry, individual water heaters, updated kitchens and baths, and expansive private backyards for the original units
All utilities are separately metered, significantly minimizing owner overhead and management responsibilities.
The parcel accommodates six surface parking spaces, providing two dedicated spots per unit.
Situated within an established, high-demand Cypress residential neighborhood, presenting a turn-key acquisition for Southern California investors.

Financial Summary (Actual)

Net Operating Income: $55,804 USD (2026)
Cap Rate: 3.67 %
Total Expenses: $25,548 USD

Amenities

  • Washer/Dryer

Public Transportation

Commuter RailDriveWalkDistance
Buena Park Metrolink Station (Metrolink 91-Perris Valley Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains) 12 min - 6.6 mi
Norwalk/ Santa Fe Springs Metrolink Station (Metrolink 91-Perris Valley Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains) 14 min - 8.1 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 16 min - 9.0 mi
John Wayne/Orange County 25 min - 17.6 mi
Los Angeles International 36 min - 28.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap