Est. cap rate

3.2%

Assumed rent, all units

$8,070/mo

Units

3

Price per unit

$506,667

Est. annual NOI

$48,420

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,581 sqft

Lot size

0.17 sqft

Year built

1959

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

247346413

About this property

9089 - 9101 Watson Street is a 3-unit multifamily investment property located in Cypress, California. Originally configured as a duplex, 9089 - 9101 Watson Street was expanded in 2023 with the addition of a detached accessory dwelling unit (ADU). The property consists of three single-story, freestanding residences with no shared walls, providing residents with a greater degree of privacy than a conventional multifamily configuration. The two original 2-bed/1-bath residences were renovated in 2018 and each features a spacious private backyard, while the 2023-constructed 2-bed/1.5-bath ADU offers newer construction with contemporary interior finishes. Each residence features in-unit laundry and an individual water heater, while all utilities are separately metered. The property also offers six surface parking spaces, providing two spaces per residence. Interior finishes throughout the property include updated kitchens and bathrooms, raised-panel or shaker-style cabinetry, and a mix of tile, wood, and wood-look flooring. Situated within an established Cypress residential neighborhood, 9089 - 9101 Watson Street combines a distinctive detached-home configuration with practical resident amenities, updated interiors, private outdoor space, and separately metered utilities, presenting an attractive acquisition for investors seeking a well-maintained small multifamily asset in Orange County.

Location

9091 Watson Street

Cypress, Orange, CA, 90630