We are pleased to offer the opportunity to acquire 6022 Lime Ave, a 4-unit Covington style apartment building located in a highly desirable neighborhood in Cypress. Built in 1964, this 3,846 SqFt property on a 6,847 SqFt lot offers strong fundamentals and an attractive unit mix consisting of one (1)… Read More three-bed, two-bath townhome unit and three (3) two-bed, one-bath units. The parking consists of four (4) single carport spaces. The building itself features a brand new roof installed in June 2026, along with three of the four units having undergone extensive structural and cosmetic renovations, including modernized bathrooms and vinyl plank and ceramic tile flooring. The apartments feature individual electric water heaters, with tenants responsible for their own hot water usage. The property is individually metered for electricity, with the landlord responsible only for water and trash. This provides convenience for residents and low operating expenses for ownership. 6022 Lime Ave presents a rare opportunity to acquire a turnkey asset, offering rental upside at 11%. This provides investors with the chance to increase cash flow through interior renovations, rental repositioning, or expansion potential. With its close proximity to Cypress College, easy access to the 91, 605, 22, and 405 freeways, and strong rental demand, this property represents an exceptional investment in one of Cypress's most sought-after neighborhoods. Read Less
Property listed by Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati 866-889-0550
Listing Snapshot
Days Online
6
Last Updated
Beds
9
3/4 Baths
5
Square Ft.
3,846
Lot Size
0.16 Acres
Year Built
1964
MLS Number
26862995
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1964, Living area: 3846.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $120,950, Net Operating Income: $82,691
Laundry
CommonArea
Lot
0.1572 acres, Dimensions: 58x120
Parking
4 carport spaces, 4 open parking spaces, 8 total parking spaces, AttachedCarport
Taxes
Parcel Number: 13414310, Zoning: RM-CC
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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