9556 9568 Walker Street
Cypress, CA, 90630 $ 3,780,000
Baths1.1 Sq 6,510 Monthly Estimate*
$ 23,867
Listed by Marcus & Millichap RE Invest
Studio for $3,780,000 with 1 full bath, 1 half bath. This 6,510 square foot home was built in 1991 on a lot size of 0.35.
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, 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.
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FeaturesGeneralSewer Public Sewer
HOA Fee 0
Garage Spaces 13
Pool Features None
Year Built 1991
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 214140
Community Features Curbs Gutter(s) Street Lights Sidewalks
Additional Parcels Description 93445076 93445077 93445078 93445079 93445080 93445081 24455148
County Orange
Net Operating Income 143703
Operating Expense 64013
Insurance Expense 5250
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 5600
Subdivision Name Other
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Cross Streets of Walker Street & Orange Avenue
City Cypress
Entry Location First level
Senior Community Y/N false
Open Parking Spaces 3
Number Of Units Total 7
MLS Area 80 - Cypress North of Katella
Lot Size Units Acres
Lot Size Square Feet 15246
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 920
Fuel Expense 922
Trash Expense 920
Water Sewer Expense 920
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional Apartment
Taxes 42080
Cap Rate 3.8
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InteriorTotal Stories 2
Common Walls No Common Walls
Laundry Features Washer Hookup Gas Dryer Hookup
Entry Level 1
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ExteriorLot Features Street Level
Water Source Public
Total Parking 16
Lot Size Area 0.35
Number of Buildings 1
Building Area Total 6510
Lot Size Acres 0.35
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
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* Excluded FeaturesList ByMarcus & Millichap Re InvestBroker
christian.tait@marcusmillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $23,867
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Cypress, CA
Average List Price $1,797,333
Percent of Sale Price 52%
About Cypress, CA 48,882 Population
3% Since 2002
$ 86,469 Median Income
41.16 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/1/2026 | $3,780,000 | | Listed Price |