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Multifamily

8711 La Salle St

8711 La Salle St, Cypress, CA 90630

Listing Price: $4,125,000

Cap Rate
3.25%
Number of Units
8
Price/Unit
$515,625
Price/Gross SF
$487.82
Gross SF
8,456

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 8711 La Salle Street, an 8-unit multifamily investment property located in Cypress, CA. Built in 1986, 8711 La Salle Street offers an attractive mix of two and three-bedroom units and amenities including ample surface parking, private patios and balconies (select units), and on-site laundry. With strong recent market trends, including a 9.2 percent year-over-year increase in 2021 for average effective rents in the Buena Park/Cypress submarket, the property offers a unique value-add opportunity. 8711 La Salle Street is within walking distance of King Elementary School as well as retail centers along Lincoln Avenue, providing residents with convenient access to everyday needs. The property is situated less than 1.5 miles from Cypress College, a major employer and housing driver for the city. Additionally, the property benefits from its close proximity to State Route 91 and Interstate 605, providing residents with convenient access to employment hubs throughout Orange and Los Angeles Counties. Given the strength of the overall apartment market within the city of Cypress and the demand for well-located apartments, 8711 La Salle Street is well-suited to provide investors with strong returns and value appreciation over the long term investment horizon.

Investment Highlights

  • Desirable 1986 Construction on a Spacious Lot
  • Attractive Mix of 1, Two-Bedroom Unit & 7, Three-Bedroom Units
  • Rare Cypress Multifamily Offering: No Other 5+ Unit Active Listings in the City
  • Ample Surface Parking | On-Site Laundry
  • Private Patios & Balconies (Select Units)
  • In Close Proximity to Cypress' Largest Employers, Amazon & United Health Group

Exclusively Listed By

Financing By

Multifamily

8711 La Salle St

Listing Price: $4,125,000

Cap Rate
3.25%
Number of Units
8
Price/Unit
$515,625
Price/Gross SF
$487.82
Gross SF
8,456

Investment Highlights

  • Desirable 1986 Construction on a Spacious Lot
  • Attractive Mix of 1, Two-Bedroom Unit & 7, Three-Bedroom Units
  • Rare Cypress Multifamily Offering: No Other 5+ Unit Active Listings in the City
  • Ample Surface Parking | On-Site Laundry
  • Private Patios & Balconies (Select Units)
  • In Close Proximity to Cypress' Largest Employers, Amazon & United Health Group

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 8711 La Salle Street, an 8-unit multifamily investment property located in Cypress, CA. Built in 1986, 8711 La Salle Street offers an attractive mix of two and three-bedroom units and amenities including ample surface parking, private patios and balconies (select units), and on-site laundry. With strong recent market trends, including a 9.2 percent year-over-year increase in 2021 for average effective rents in the Buena Park/Cypress submarket, the property offers a unique value-add opportunity. 8711 La Salle Street is within walking distance of King Elementary School as well as retail centers along Lincoln Avenue, providing residents with convenient access to everyday needs. The property is situated less than 1.5 miles from Cypress College, a major employer and housing driver for the city. Additionally, the property benefits from its close proximity to State Route 91 and Interstate 605, providing residents with convenient access to employment hubs throughout Orange and Los Angeles Counties. Given the strength of the overall apartment market within the city of Cypress and the demand for well-located apartments, 8711 La Salle Street is well-suited to provide investors with strong returns and value appreciation over the long term investment horizon.

Exclusively Listed By

Financing By

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