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6022 Lime Avenue, Cypress, CA, 90630

6022 Lime Avenue

$1,750,000

Key Information

Cap Rate
4.73%
GRM
14.47
$ per SF
$455
Tot. SF
3,846
Lot Size
0.16 Acres
$ per unit
$437
Units
4
Year Built
1964
Type
Apartments
Occupancy
100%
NOI
$82,691

Highlights

• 4-Unit Covington Style Building, Built in 1964 in the City of Cypress, CA
• Unique Unit Mix Consisting of: (1) – 3Bed/2Bath Townhome & (3) – 2Bed/1Bath Units
• Well Maintained, Pride of Ownership Building with Numerous Recent Capital Improvements Completed
• Three of the Four Units Have Been Renovated with Modernized Kitchens & Bathrooms, Luxury Vinyl Plank Flooring, and Ceramic Tile
• Brand New Roof Installed in June 2026
• Near Market Rents With 11% Rental Upside Potential
• Each Unit with Individual Electric Water Heaters | Individually Metered for Gas & Electric
• Low Operating Expenses | Landlord Only Responsible for Water, Trash, & Common Electricity
• Four (4) Covered Carport Parking Spaces with Additional On-Site Parking
• Only a Half Mile from Cypress College with Convenient Access to the 91, 605, 22, and 405 Freeways
• Close Proximity to Cypress Business Parks and Multiple Shopping Centers Within Walking Distance
• Minutes from Los Alamitos Race Course, Knott’s Berry Farm, and Adventure City

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245