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8774 Watson Street

8774 Watson Street, Cypress, CA 90630
Property in Cypress
Sold Oct 20, 2021
$19,500,000
$10,400,000 by Pacific Western National Bank
Mortgage
8774 Watson Street has been categorized by the local assessors in Cypress, CA as a residential type of property. The building on the property was first built in 1950 and is 74 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8774 Watson Street has 1,272 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 760 ft. The area measurement of the land has been determined as 11,249 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The property was last sold in Jul 22, 2021 for $19,500,000. That's $15,330.19 per sqft. 8774 Watson Street was last assessed in 2023. The total value of the property was assessed at $3,774,000. Specifically, the land the property is located on was valued at $3,264,000. While improvements on the property were assessed at a total of $510,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $42,944. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,249
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 760
  • Total Building Area: 1,272
  • Gross Building Area: 1,272
  • Building Area: 1,272
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,272
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.258
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: S TWP 4 RGE 11 SEC 9 P.M. 249-28 PAR 1 POR OF PAR

Ownership

  • Current Owner : MERIDIAN APARTMENT COMPANY LP
  • Current Owner 2: LABRI WALKER LLC
  • Previous Owner : CHANG KUO WEI
  • Previous Owner 2: CHANG TING JI
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Anaheim Union High School District
  • Census Tract: 110104

Geography

  • Assessors Map Reference: 9-E4
  • Parcel: 262-421-05
  • Latitude: 33.8351
  • Longitude: -118.039

    Address

  • Full Address: 8774 Watson St
  • Address - House Number: 8774
  • Address - Street Name: Watson
  • Address - Suffix Type: St
  • State: CA
  • City Name: Cypress
  • Zip Code: 90630

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $42,944
  • Tax Rate Code Area: 19-001

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 2,672,344
  • High Value: 3,666,907
  • Low Value: 1,677,780

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,400,000
  • First Open Lien Mortgage Lender: PACIFIC WESTERN NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Oct 20, 2021
  • First Open Lien Mortgage Loan Amount: $10,400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,774,000
  • Assessed Land Value: $3,264,000
  • Assessed Improvements Value: $510,000

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Oct 20, 2021
  • Current Sale Transaction ID: 11860438199
  • Current Sale Price: $19,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021000641463

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC WESTERN NATIONAL BANK
  • First Mortgage Transaction Date: Oct 20, 2021
  • First Mortgage Loan Amount: $10,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

About Cypress



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Frequently Asked Questions

What neighborhood is 8774 Watson Street located in?
The 8774 Watson Street is a located in the neighborhood of Cypress in Cypress, Cypress.
What is the average sales price for listings in 8774 Watson Street?
The average sales price for units in 8774 Watson Street is $0 currently.

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