10622 Walnut Street, Los Alamitos, CA 90720

$1,900,000
List Price
$1,900,000
Status
PENDING
MLS#
PW24118105
Year Built
1988
Lot Size
7,699
Acres
0.18
Lot Location
Corner Lot
Days on Market
9
Property Type
Multifamily
Property Sub Type
Quadruplex
Neighborhood
, N/A

Property Description

This exclusive offering is a very rare opportunity to acquire an 80’s construction multifamily investment property in Los Alamitos. Located on the edge of Orange County, the small city boasts convenient proximity to beach cities, major freeways, schools, and outdoor recreation available nearby at the 642-acre El Dorado Park; furthermore, this affluent area has an average household income of over $159,000. 10622 Walnut Street is 4,350-square foot, two-story 1988 construction with a desirable mix of one two-bed/one-bath unit, two two-bed/one-and-one-half-bath townhomes, and one three-bed/two-bath townhome. The units feature spacious floor plans, fireplaces, private patios, and separate gas and electric meters. The three-bedroom townhome has in-unit washer/dryer hookups, the remaining units share on-site laundry, and the property also offers garage and surface parking. The building has been well-maintained and offers a new investor a substantial 59 percent rental upside and the potential to develop two ADU’s (buyer to verify). As of writing, 10622 Walnut Street is the only multifamily investment property on market in Los Alamitos, making this a truly outstanding value-add acquisition opportunity.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4

Listing courtesy of Listing Agent: Steven Bogoyevac (steve.bogoyevac@marcusmillichap.com) from Listing Office: Steven M. Bogoyevac, Broker.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.