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Sold for $1,850,000
  • Listed by: Fiv Realty Co • Jennifer Ciaramitaro • 951-394-0820
    Bought with: Fiv Realty Co
    $1,850,000

    8622 Watson St, Cypress, CA 90630

    10beds
    5baths
    4,675sqft
    Multi Family
    Built in 1957
    -- sqft lot
    $1,851,200 Zestimate®
    $396/sqft
    $3,315 Estimated rent

    Home value

    $1,851,200

    $1.72M - $2.00M

    $3,315/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Ciaramitaro DRE #02208497 951-394-0820,

    Fiv Realty Co,

    Andrew Carter DRE #01907002,

    Fiv Realty Co

    Bought with:

    Jennifer Ciaramitaro, DRE #02208497

    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: $396/sqft
    • Tax assessed value: $152,742
    • Date on market: 3/11/2026
    • Cumulative days on market: 62 days
    • Listing terms: Cash to New Loan
    • Tenant pays: Cable TV, Electricity, Gas

    Price history

    DateEventPrice
    7/22/2026Sold$1,850,000-19.3%$396/sqft
    Source: CRMLS #RS26053694 Report a problem
    7/22/2026Pending sale$2,293,000$490/sqft
    Source: CRMLS #RS26053694 Report a problem
    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
    2026-- $152,742 +2%
    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

    Neighborhood: 90630

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,851,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,851,200