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$4,070,000
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Property Description
8711 La Salle Street is 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.
Full Property Details
Full Property Details for 8711 La Salle St
General
- Sold For: $4,070,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: OC22187232
- Added to Site: 1, 289 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Location
- Area: 699 - Not Defined
- County: Orange
- Development Name: 699 - Not Defined
- Driving Directions: Nearby Cross Streets: Merten Avenue & La Salle Street
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 8
- # Electric Meters: 8
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 8,456
- Year Built: 1986
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 7
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.35
- Lot Size Source: Assessor
- Lot Description: Level with Street
Financial Considerations
- Price Per Sq. Ft.: $481.32
- Price Per Unit: 515625
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Schools
Schools serving 8711 La Salle St
School Districts:Cypress Elementary School District, Anaheim Union High School District
| Name | Grades | Distance |
|---|---|---|
Clara J. King Elementary School 8710 Moody Street, Cypress, CA 90630 | K-6 | 0.2 mi |
Walker Junior High School 8132 Walker Street, La Palma, CA 90623 | 7-8 | 0.9 mi |
John F. Kennedy High School, La Palma, CA 8281 Walker Street, La Palma, CA 90623 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8711 La Salle St
Date
Details
Price
Change
Source
11/28/2022
Sold
$4,070,000
-1.33%
MLS
8/24/2022
Listed
$4,125,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8711 La Salle Street, Cypress, CA 90630 (MLS# OC22187232) is a Multi-Family property that was sold at $4,070,000 on November 28, 2022. Want to learn more about 8711 La Salle Street? Do you have questions about finding other Multi-Family real estate for sale in Cypress? You can browse all Cypress real estate or contact a Coldwell Banker agent to request more information.

