*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.
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
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
- 118 days |
- 67 |
- 0 |
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#: RS26053694
Originating 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
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Contingent | $2,293,000$490/sqft |
Source: | ||
| 3/11/2026 | Listed for sale | $2,293,000$490/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | $92,176 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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
Nearby schools
GreatSchools rating
- 8/10Clara J. King Elementary SchoolGrades: K-6Distance: 0.4 mi
- 4/10Walker Junior High SchoolGrades: 7-8Distance: 0.4 mi
- 9/10John F. Kennedy High SchoolGrades: 9-12Distance: 0.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- Orange County
- Cypress
- 90630
- 8622 Watson St





