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Sold on 08/05/2026
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9556 Walker St, Cypress, CA 90630

$3,670,000

Last sold 08/05/2026 after 35 Days

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    bed

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    bath

Multi-family not for sale

About 9556 Walker St

Property type Multi-family
Year built 1991
HOA fee $0/month
Lot size 0.35 Acre
Parking 13 garage spaces
Rental estimate
Property description
9556–9568 Walker Street is a 7-unit multifamily investment located in Cypress, California. Built in 1991 and offered for sale by the original owner/developer, the property offers a rare opportunity to acquire a newer-vintage, condomapped multifamily asset in a desirable North Orange County location. The property features seven 2-bed/1.5-bath townhome units (930 sf), each with a two-story floor plan, private patio, central air and heat, and in-unit laundry hookups. The units have been updated with quartz countertops, vinyl plank flooring, and recessed lighting, while recent exterior and capital improvements include exterior repainting in 2026, the remodel of Unit 9564 in 2026, replacement of the garage roof in 2023, garage door replacements, and an apartment roof replacement around 2016. A key differentiator is the property’s condo-mapped structure, with each unit assigned its own separate APN. This provides new ownership with a rare additional exit strategy through the potential sale of individual units, rather than being limited to a traditional multifamily disposition. With recent 2-bedroom condo sales in Cypress averaging approximately $653,000 over the last calendar year, the individual-unit structure provides meaningful market context for this long-term optionality. The property is also well-positioned operationally, with electricity, gas, and water separately metered to each unit, helping reduce ownership expenses and further supporting the feasibility of a future unit-by-unit sale strategy. Overall, 9556–9568 Walker Street offers investors a combination of newer construction, updated townhome-style units, stable multifamily operations, and a differentiated ownership structure rarely available in the Cypress market.
Listed by
Listing Agent - Christian Tait
Listing Agent Contact: Christian.tait@marcusmillichap.com
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC26142991 • last updated 2 months ago
Movoto checked CRMLS for data 7 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.35
Lot Size (SqFt) 15246
Year Built 1991
Interior
Exterior
Building Area Square Feet, 6510
# Uncovered Spaces 3
# Parking Spaces 16
# Garage Spaces 13
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Orange
Community Features Gutters, Curbs, Street Lights, Sidewalks
Subdivision Other, Other (OTHR)
Directions Cross Streets Of Walker Street & Orange Avenue
APN 93445075
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 6424
Expense: Trash 920
Operating Expense 64013
Cap Rate 3.8
Expense: Insurance 5250
Total Expenses 64013
Expense: Maintenance 5600
Expense: Water/ Sewer 920
Gross Income 214140
Gross Operating Income 207716
Expense: Electric 920
Gross Multiplier 17.65
Gross Scheduled Income 214140
Expense: Fuel 922
Rental est.: $1,897/month
Gross rent multiplier: 161.2
  • Aug 2026
    mls logo MLS # OC26142991
  • Aug 7, 2026 Sold
    $3,670,000 (-2.9%)
  • Aug 2, 2026 Pending
    —
  • Jul 22, 2026 Active
    —
  • Jul 1, 2026 Listed
    $3,780,000 (+490.6%)
  • Oct 2025
    mls logo MLS # PW25221699
  • Oct 7, 2025 Price Change
    $640,000 (-3.8%)
  • Sep 19, 2025 Listed
    $665,000 (+11.0%)
  • Jul 2023
    mls logo MLS # PW23124373
  • Jul 11, 2023 Listed
    $599,000
  • Year Property taxes Tax assessment
  • 2024
    $1,809 +2.5%
    $130,998 +2.0%
  • 2023
    $1,765 +1.5%
    $128,430
  • 2022
    $1,740 +1.3%
    $128,430 +4.04%
  • 2021
    $1,717 +0.5%
    $123,444
  • 2020
    $1,709 +2.4%
    $123,444 +3.06%
  • 2019
    $1,668 +4.5%
    $119,784 +2.0%
  • 2017
    $1,596 +0.9%
    $117,436 +4.04%
  • 2016
    $1,582 +0.9%
    $112,877
  • 2015
    $1,568
    —
  • 9556 Walker St
    $3.67M
  • —
  • 90630
    $863K -1% y/y
  • Cypress
    $868K -1% y/y
No chart available
Statistics calculated by Movoto

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

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