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Sold on 07/22/2026
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8622 Watson, Cypress, CA 90630

$1,850,000

Last sold 07/22/2026 after 143 Days

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    bed

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    bath

Multi-family not for sale

About 8622 Watson

Property type Multi-family
Year built 1957
HOA fee $0/month
Lot size 0.34 Acre
Parking 5 garage spaces
Rental estimate
Property description
*DO NOT DISTURB TENANTS* This is an exceptional investment opportunity on an expansive 15,000 sq ft lot featuring five charming 2-bedroom, 1-bath bungalow-style units. Each unit has been tastefully remodeled, offering updated interiors that appeal to today’s tenants while maintaining the classic bungalow character. Improvements include modernized kitchens and baths, refreshed flooring, and updated finishes throughout. Each unit has it's own outdoor space, to BBQ, entertain or just enjoy the sunshine. The large lot allows for excellent spacing between units, creating a comfortable and private residential environment rarely found in multi-unit properties. In addition to attached, private garages for each unit, the property also offers 4 off-street spaces along the driveway and public street parking. This amazing property sits directly across the street from the newly improved Arnold Cypress Park, providing tenants with immediate access to open green space, recreation, and neighborhood amenities. With strong rental appeal, a highly desirable location, and multiple standalone bungalow units, this property presents an outstanding opportunity for investors seeking stable income with long-term upside potential. Zoned RM15, this sizable parcel also offers future development or expansion possibilities (buyer to verify with the city). Ideally suited for investors looking to add a well-maintained, high-demand multi-unit property to their portfolio.
Listed by
Listing Agent - Jennifer Ciaramitaro
Listing Office - Fiv Realty Co
Source: CRMLS mls logo
MLS#RS26053694 • last updated 2 months ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.3444
Lot Size (SqFt) 15000
Year Built 1957
Interior
Other Room(s) All Bedrooms Down
Exterior
Building Area Square Feet, 4675
Parking Garage, Public, Driveway
# Uncovered Spaces 4
# Parking Spaces 9
# Garage Spaces 5
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View Park/Greenbelt, Neighborhood
County Orange
Community Features Biking, Dog Park, Park
Subdivision Cypress, Other (OTHR)
Neighborhood Cypress
Zoning RM15
Directions Moody And Crescent
APN 26243127
Multifamily Details
Expense: Trash 1900
Operating Expense 9146
Expense: Insurance 3646
Total Expenses 5400
Expense: Water/ Sewer 3600
Gross Income 84600
Gross Scheduled Income 84600
Rental est.: $1,931/month
Gross rent multiplier: 79.8
  • Jul 2026
    mls logo MLS # RS26053694
  • Jul 22, 2026 Sold
    $1,850,000 (-19.3%)
  • Jul 22, 2026 Pending
    —
  • May 28, 2026 Active
    —
  • Mar 1, 2026 Listed
    $2,293,000
  • Year Property taxes Tax assessment
  • 2024
    $2,913 +2.9%
    $146,812
  • 2023
    $2,833 +2.0%
    $146,812 +2.0%
  • 2022
    $2,778 +1.3%
    $143,934 +2.0%
  • 2021
    $2,743 +0.7%
    $141,112 +3.06%
  • 2020
    $2,724 +1.7%
    $136,928 +2.0%
  • 2019
    $2,679 +3.9%
    $134,244 +2.0%
  • 2017
    $2,578 +1.0%
    $131,612 +4.04%
  • 2016
    $2,553 +1.1%
    $126,502
  • 2015
    $2,526
    —
  • 8622 Watson
    $1.85M
  • —
  • 90630
    $857K -1% y/y
  • Cypress
    $860K -2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/6/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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