9089-9101 Watson St - Apartments FOR SALE


Cypress, CA 90630 | 
$1,520,000 USD
714-713-9086
9089-9101 Watson St, Cypress, CA for Sale
$1,520,000 USD
Apartments - FOR SALE
1/17
null | 3.67% Cap Rate

9089-9101 Watson St
Cypress, CA 90630


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.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire 9089 - 9101 Watson Street, a 3-unit multifamily investment property located in Cypress, California. Originally configured as a duplex, 9089 - 9101 Watson Street was expanded in 2023 with the addition of a detached accessory dwelling unit (ADU). The property consists of three single-story, freestanding residences with no shared walls, providing residents with a greater degree of privacy than a conventional multifamily configuration. The two original 2-bed/1-bath residences were renovated in 2018 and each features a spacious private backyard, while the 2023-constructed 2-bed/1.5-bath ADU offers newer construction with contemporary interior finishes. Each residence features in-unit laundry and an individual water heater, while all utilities are separately metered. The property also offers six surface parking spaces, providing two spaces per residence. Interior finishes throughout the property include updated kitchens and bathrooms, raised-panel or shaker-style cabinetry, and a mix of tile, wood, and wood-look flooring. Situated within an established Cypress residential neighborhood, 9089 - 9101 Watson Street combines a distinctive detached-home configuration with practical resident amenities, updated interiors, private outdoor space, and separately metered utilities, presenting an attractive acquisition for investors seeking a well-maintained small multifamily asset in Orange County. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,520,000 USD

PRICE/SF

$589 USD /SF

# OF UNITS

3

PRICE/UNIT

$506,667

CAP RATE

3.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

244-463-12

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.