Millman Team Real Estate

$1,498,000
0.23 Acre Lot

4772 Grace Avenue, Cypress, California 90630

  • Residential Income Property Type
  • 1964 Year Built
Property Description

Exceptional Investment Opportunity!

A spacious 10,000+ sq ft lot, featuring 3 existing vacant value-add units plus approved plans for additional 3 new ADUs, creating a total of 6 two-bedroom units and nearly 5,000 sq ft of living space.

The new ADUs are thoughtfully designed at approx. 750 sq ft each with 2 bedrooms and 2 baths, offering substantial rental upside in a high-demand market.

All units are currently vacant; investors can break ground immediately and reposition the property for maximum returns. Adding further potential, the current zoning allows for one additional unit. This is a rare chance to combine value-add potential, cash flow, and long-term appreciation

Basic Details
Residential Income
For Sale
OC25199323
$1,498,000
1964
0.23 Acre
Active
Triplex
Features
: None
: Washer Hookup, Gas Dryer Hookup
: Public Sewer
: Electricity Connected, Natural Gas Connected, Cable Connected
$0
Address Map
CA
Orange
Cypress
NA
90630
Grace
4772
Avenue
Moody & Crescent
80 - Cypress North of Katella
Additional Information
$0
$0
$0
$0
$0
2650
: Sidewalks
1
: Slab
3.0
: One
: 16-20 Units/Acre
50x200
3
2025-09-04
1580000
1
1
: Public
Broker/Agent Information
Rise Realty
Mani Dilmaghanian
Listing Information
OCDILMMAN
OC07745
Cash to New Loan
Active
2025-10-03T17:13:50Z
CRMLS
: Standard
2025-09-04T20:28:44Z
Agent info
Ray Millman
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