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Under contract
  • Listed by: Fiv Realty Co • Jennifer Ciaramitaro • Contact: 951-394-0820
    $2,293,000

    8622 Watson St, Cypress, CA 90630

    10beds
    5baths
    4,675sqft
    : 
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    Multi Family
    Built in 1957
    -- sqft lot
    $2,166,000 Zestimate®
    $490/sqft
    $-- HOA

    What's special

    Updated finishes throughoutUpdated interiorsModernized kitchens and bathsRefreshed flooringPublic street parking
    *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.
    118 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Ciaramitaro DRE #02208497 951-394-0820,

    Fiv Realty Co,

    Andrew Carter DRE #01907002,

    Fiv Realty Co

    Source: CRMLS,MLS#: RS26053694MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 5
      Rooms
      • Room types: Bedroom
      Bedroom
      • Features: All Bedrooms Down
      Heating
      • Wall Furnace
      Cooling
      • None
      Appliances
      • Laundry: Washer Hookup, Gas Dryer Hookup
      Features
      • All Bedrooms Down
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
      Interior area
      • Total structure area: 4,675
      • Total interior livable area: 4,675 sqft

      Property

      Parking
      • Total spaces: 9
      • Parking features: Driveway, Garage, Public
      • Garage spaces: 5
      • Uncovered spaces: 4
      Features
      • Levels: One
      • Stories: 1
      • Entry location: ground
      • Pool features: None
      • Spa features: None
      • Has view: Yes
      • View description: Park/Greenbelt, Neighborhood
      Lot
      • Size: 0.34 Acres
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 26243127
      • Zoning: RM15
      • Special conditions: Standard,Trust

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1957

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Biking, Dog Park, Park
      • Subdivision: Cypress
      Location
      • Region: Cypress

      Financial & listing details

      • Price per square foot: $490/sqft
      • Tax assessed value: $149,748
      • Annual tax amount: $3,032
      • Date on market: 3/11/2026
      • Cumulative days on market: 119 days
      • Listing terms: Cash to New Loan
      • Tenant pays: Cable TV, Electricity, Gas

        Estimated market value

        $2,166,000

        $2.06M - $2.27M

        $2,804/mo

        Price history

        DateEventPrice
        5/29/2026Contingent$2,293,000$490/sqft
        Source: CRMLS #RS26053694 Report a problem
        3/11/2026Listed for sale$2,293,000$490/sqft
        Source: CRMLS #RS26053694 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,032 +4.1%$149,748 +2%
        2024$2,912 +2.8%$146,812 +2%
        2023$2,833 +2%$143,934 +2%
        2022$2,778 +1.3%$141,112 +2%
        2021$2,743 +0.7%$138,346 +1%
        2020$2,724 $136,928 +2%
        2019$2,724 +1.7%$134,244 +2%
        2018$2,679 +3.9%$131,612 +2%
        2017$2,578 $129,032 +2%
        2016$2,578 +1%$126,502 +1.5%
        2015$2,553 +8.3%$124,602 +7.8%
        2014$2,357 $115,562 +0.5%
        2013-- $115,040 +2%
        2012-- $112,785 +2%
        2011-- $110,574 +0.8%
        2010-- $109,748 -0.2%
        2009-- $110,010 +2%
        2008-- $107,853 +2%
        2007-- $105,739 +2%
        2006-- $103,666 +2%
        2005-- $101,634 +2%
        2004-- $99,642 +1.9%
        2003-- $97,816 +2%
        2002-- $95,899 +2%
        2001$1,239 +2%$94,019 +2%
        2000$1,215 $92,176

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 90630

        Getting around

        66 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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