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    940 Cypress Placentia, CA 92870

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    For Sale
    $1,050,000

    Single Family Residence, Craftsman - Placentia, CA

    Type:Single Family Residence
    Property size:
    1,644 SF
    Lot size:
    5,400.00 Acres
    Price / SF:
    $638/SF
    Added:
    Apr 18, 2026
    Days on Market:
    21
    Last Refresh:
    May 8 at 3:06 pm

    Property Features for 940 Cypress

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Living Room
    Interior features
    Window Features: Drapes
    Exterior features
    Fence, Community Features Included: Gutters, Street Lights, Sidewalks, Cul-de-sac, Back Yard
    Fencing
    Fenced
    Appliances
    Dishwasher, Oven - Gas, Range, Range - Gas, Washer
    Standard status
    Active
    APN
    34414309
    Size
    1,644 SF
    Lot size
    5,400.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    ENERGY STAR Qualified Equipment, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1946
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl
    Roof type
    Composition
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Patricia Gregory

    Listing agent Patricia Gregory License #01182154

    Listing office Real Broker 1420 Kettner Blvd. #100-300, San Diego, CA

    Listing date Apr 18, 2026

    MLS# OC26084034 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Detached ADU with tenant in place provides immediate income and upside potential
    • Paid solar system reduces utility costs for both the main home and ADU
    • Flexible use: owner‑occupy part and rent the other, or use as a full investment property
    • Durable wood plank tile flooring throughout the main home offers low‑maintenance living
    • Spacious primary suite features a walk‑in closet and updated en‑suite bathroom
    • Convenient location near parks, shopping (Trader Joe’s, Sprouts), Cal State Fullerton, and the 57 Freeway

    Overview

    Placentia Craftsman with ADU

    This property features a main home with 3 bedrooms and 2 bathrooms. Durable wood plank tile flooring extends throughout the home. The French country kitchen includes glass-front cabinetry, a center island, and ample prep and storage space. The primary suite offers a walk-in closet and an updated en-suite bathroom with a furniture-style vanity, modern mirrors, and upgraded lighting. Climate control is optimized with two Mr. Cool AC units in the main living area and primary bedroom, plus window AC units in both secondary bedrooms. A solar system services both the main home and ADU. The long driveway provides ample off-street parking and direct access to the detached ADU. The property is conveniently located approximately 0.6 miles to Tri-City Park, 0.8 miles to Kraemer Memorial Park, 1.0 mile to the Placentia Civic Center & Library, 1.3 miles to Trader Joe’s and Sprouts Farmers Market, and 3.5 miles to Cal State Fullerton, with easy access to the 57 Freeway. The property is suitable for owner-occupancy plus rental income, or full investment. The lot size is 0.12396694214876032 acres and the property size is 1644 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Skin Care Clinic Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Placentia
    County
    Orange
    State
    California
    Longitude
    -117.8778328
    Latitude
    33.8585809

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    FAQs

    What type of property is this?
    Multifamily property - Single-family residence with detached ADU and solar panels.
    Where is this multifamily property located?
    The property is located at 940 Cypress Placentia, CA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Detached ADU with tenant in place provides immediate income and upside potential; Paid solar system reduces utility costs for both the main home and ADU; Flexible use: owner‑occupy part and rent the other, or use as a full investment property
    (714) 398-1998
    We can help!
    Listing Contact
    Patricia Gregory
    Real Estate License ID: 01182154
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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