Under Contract

8622 Watson

Cypress, CA 90630

$2,293,000 $9,667/Mo

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Overview

Bed

Bath

4,675

Sqft

15,000

Sqft(Lot)

Description

*DO NOT DISTURB TENANTS* This is an exceptional investment opportunity on an expansive 15,000 sq ft lot featuring five charming 2-bedroom, 1-bath bungalow-style units. Each unit has been tastefully remodeled, offering updated interiors that appeal to today’s tenants while maintaining the classic bungalow character. Improvements include modernized kitchens and baths, refreshed flooring, and updated finishes throughout. Each unit has it's own outdoor space, to BBQ, entertain or just enjoy the sunshine. The large lot allows for excellent spacing between units, creating a comfortable and private residential environment rarely found in multi-unit properties. In addition to attached, private garages for each unit, the property also offers 4 off-street spaces along the driveway and public st reet parking. This amazing property sits directly across the street from the newly improved Arnold Cypress Park, providing tenants with immediate access to open green space, recreation, and neighborhood amenities. With strong rental appeal, a highly desirable location, and multiple standalone bungalow units, this property presents an outstanding opportunity for investors seeking stable income with long-term upside potential. Zoned RM15, this sizable parcel also offers future development or expansion possibilities (buyer to verify with the city). Ideally suited for investors looking to add a well-maintained, high-demand multi-unit property to their portfolio.

Property Details

Property Type : Residential Income

Price : $2,293,000

AD Id : 76063294

MLS Id : RS26053694

Lot Size : 15,000 Sqft

Living Area Size : 4,675

Year Built : 1957

Garage : 5

County : Orange

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Interior Features: All Bedrooms Down Fireplace: None
Cooling Features

None Air Conditioning

Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1957 Building Area Total: 4,675
Pool Features

None

Laundry Features

Washer Hookup,Gas Dryer Hookup

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3444
Lot Size Source: Estimated Lot Size Square Feet: 15000

Listing Price Information

Original List Price: 2,293,000 Listing Contract Date: 2026-03-01
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 26243127

Garage and Parking

Garage Description: Driveway,Garage,Public

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: 80 - Cypress North of Katella Directions: Moody and Crescent Zoning: RM15 Source Property Type: Residential Income Area: 80 - Cypress North of Katella Property SubType: Apartment
Building and Construction

Property Age: 69 Common Walls: 1 Common Wall,No One Above,No One Below Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: ground Property Attached: Yes Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
10592 Pamela, Cypress, CA, 90630	$1,189,000	4	2	1,536	1,536 SqFt
6693 Teakwood, Cypress, CA, 90630	$924,999	3	2	1,474	1,474 SqFt
9786 Kathleen, Cypress, CA, 90630	$1,230,000	4	2	1,689	1,689 SqFt
11271 Lowell Court, Cypress, CA, 90630	$998,888	3	2	1,622	1,622 SqFt
6638 Southampton Drive, Cypress, CA, 90630	$869,000	4	2	1,547	1,547 SqFt
6402 Cantiles Avenue, Cypress, CA, 90630	$1,398,000	4	3	2,358	2,358 SqFt
5621 Vonnie Ln, Cypress, CA, 90630	$899,900	4	2	1,771	1,771 SqFt
8651 La Homa, Cypress, CA, 90630	$1,999,000	6	4	3,085	3,085 SqFt
8651 La Homa, Cypress, CA, 90630	$1,999,000	--	--	3,085	3,085 SqFt
5572 Saint Ann Avenue, Cypress, CA, 90630	$1,140,000	3	2	1,514	1,514 SqFt

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ByOwner last updated this listing 06/04/2026 @ 05:53

MLS: RS26053694 LISTED BY: Jennifer Ciaramitaro, Fiv Realty Co 951-394-0820 SOURCE: CRMLS