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6022 Lime Avenue

Cypress, CA 90630

$1,750,000 $7,378/Mo

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Overview

Bed

Bath

3,846

Sqft

6,847

Sqft(Lot)

Description

We are pleased to offer the opportunity to acquire 6022 Lime Ave, a 4-unit Covington style apartment building located in a highly desirable neighborhood in Cypress. Built in 1964, this 3,846 SqFt property on a 6,847 SqFt lot offers strong fundamentals and an attractive unit mix consisting of one (1) three-bed, two-bath townhome unit and three (3) two-bed, one-bath units. The parking consists of four (4) single carport spaces. The building itself features a brand new roof installed in June 2026, along with three of the four units having undergone extensive structural and cosmetic renovations, including modernized bathrooms and vinyl plank and ceramic tile flooring. The apartments feature individual electric water heaters, with tenants responsible for their own hot water usage. The property is individually metered for electricity, with the landlord responsible only for water and trash. This provides convenience for residents and low operating expenses for ownership. 6022 Lime Ave presents a rare opportunity to acquire a turnkey asset, offering rental upside at 11%. This provides investors with the chance to increase cash flow through interior renovations, rental repositioning, or expansion potential. With its close proximity to Cypress College, easy access to the 91, 605, 22, and 405 freeways, and strong rental demand, this property represents an exceptional investment in one of Cypress's most sought-after neighborhoods.

Property Details

Property Type : ResidentialIncome

Price : $1,750,000

AD Id : 88297374

MLS Id : 26862995

Beds : 9

Lot Size : 6,847 Sqft

Living Area Size : 3,846

Year Built : 1964

County : Orange

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 9

Bathroom Information

Total Baths: 5
Interior Features

Appliances: Refrigerator, Dryer, Washer

Laundry Features: CommonArea
Heating & Cooling

Has Heating: Yes Heating: WallFurnace Cooling: None

Building Information

Year Built: 1964

Building Area Total: 3846

Stories: 2

Private Pool: No

Lot Information

Lot Dimensions: 58x120 Main Square Feet: 6847 Lot Size Acres: 0.1572 Lot Size Source: Other Lot Size Square Feet: 6,847

Listing Price Information

Listing Price: $1750000

Tax Information

Parcel Number: 13414310

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 8 AttachedCarport

Garage Information

Has Attached Garage: Yes

Location Information

Direction: West on Orange Ave, then North onto Valley View St, Turn right on Lemon

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Nearby Home Value

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