Description
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) 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.
Details
| MLS # | 26862995 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1964 |
| Days On Site | 45 |
| Listing Provided By | Matthews Real Estate Investment Services | Kamfar Kyle Mirrafati |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,846 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | RM-CC |
| Acreage | 0.16 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Refrigerator, Dryer, Washer |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached Carport |
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Cypress |
| Zip Code | 90630 |
| Area | 80 Cypress North of Katella |
| Listing VS Median (in 90630) | |
Price: $1,750,000 low | high Med: $793,495 sqft: 3,846 low | high Med: 1,391 $ / sqft: $455 low | high Med: $573 On site: 45 low | high Med: 64.5 | |
Market Activity 90630
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Cypress |
| Zip Code | 90630 |
| Area | 80 Cypress North of Katella |
| Listing VS Median (in 90630) | |
Price: $1,750,000 low | high Med: $793,495 sqft: 3,846 low | high Med: 1,391 $ / sqft: $455 low | high Med: $573 On site: 45 low | high Med: 64.5 | |
 | $1,599,0006082 RonaldCypress, CA 90630 |
 | $1,499,0006053 LawrenceCypress, CA 90630 |