SOLD: $3,688,000
listed for: $3,688,000
12-unit multi-family property
REPRESENTED THE SELLER
8563-8573 1/2 Walker St. in Cypress, CA presents an exceptional value-add investment opportunity in a supply-constrained rental market. The property currently operates with below-market rents, creating a substantial upside potential for investors through strategic rent optimization and operational efficiencies.
With all units on month-to-month leases, investors have immediate flexibility to implement market-rate adjustments and enhance cash flow.
The Cypress multi-family rental market is highly competitive, with limited available inventory. Current market rent rates far exceed in-place rents, offering investors immediate income growth upon tenant turnover.
Market Rent Comparisons
• 2-Bedroom Units: ~$2,688/month (current rent: $1,500)
• 3-Bedroom Units: ~$3,360/month (current rent: $495)
All 12 units are month-to-month, providing an investor with the ability to increase rents immediately to market levels.
With market rents fully implemented, the estimated property value at a 5% cap rate is $4,741,640, representing a 28.5% increase from the purchase price. Investors may also consider refinancing to extract capital or repositioning the asset for a long-term hold.
