Address
21833 Verne Hawaiian Gardens, CA
Price
$ 5,750,000
Property Attributes
  • MLS#OC21068032
  • TypeIncome
  • CountyLOS ANGELES
  • CityHawaiian Gardens
  • AreaHawaiian Gardens
  • Zip90761
  • Style
  • Price$ 5,750,000
  • Bedrooms22
  • Full Bathrooms22
  • Half Bathrooms0
  • Lot Size0.49 Acres
Listing Provided Courtesy Of:
Mike Marcu with Mike Marcu, Broker.
Data Source:
CRMLS
Property Description

ALL TOWNHOUSE STYLE FLOOR PLANS Cypress Villas Apartments Homes has a desirable unit mix of large 1 / 1.0 and 2 / 1.0 townhouse floor plans. The property boasts a courtyard, laundry facilities, controlled access, and secure parking garage. $90 MILLION COMMUNTY INVESTMENT The Gardens Casino is a short walk from Cypress Villas and the largest employer in Hawaiian Gardens. Recently finished construction of a new $90-million casino that is 200,000 square feet with 225 tables. The new casino has already added 400 new jobs bringing its total employment to over 2,200 employees. HIGH LY OCCUPIED WITH UPSIDE Cypress Villas Apartments Homes is fully occupied with below market rents. A new owner can improve the tenant base through superior management to earn a value-add return. CENTRALIZED LOCATION Bordering Cypress and Los Alamitos, Hawaiian Gardens is less than a half hour drive into Anaheim and Long Beach. It is located minutes from the 605- and 405-Freeways. NEAR TO JOBS AND SHOPPING Cypress Villas is a short walk to Hawaiian Gardens Towne Center, The Gardens Casino (the largest employer in the city), and Hawaiian Gardens Square. The nearby casino and neighborhood centers provide excellent shopping and job opportunities. It is less than a mile from Long Beach Towne Center a 1 million square foot power center that is anchored by Walmart, Lowe’s, Sam’s Club, and Edwards IMAX.

Price History
4/1/2021 Listed $5,750,000

General Features

Community Features Suburban
Garage Spaces 32
Garage Y/N Yes
MLS Area 54 - Hawaiian Gardens
Parking Features Assigned
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Sewer Tap Paid
Terms Cash, Cash to New Loan
Total Actual Rent 30100
Total Units 22
Water Sewer Expense 14791

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Features 36-40 Units/Acre
Lot Size Acres 0.49
Lot Size Area 0.49
Lot Size Source Assessor
Lot Size Square Feet 21344
Lot Size Units Acres
Number of Buildings 1
Number of Separate Electric Meters 22
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Total Parking 32
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90761

Price
AVG $5.75M
$5.75M
Visits
AVG 10
9
Year Built
AVG 1973
1973
Walkscore
AVG 80
80
Data Provided by Walkscore ® not using MLS data

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