Los Alamitos, CA 90720,10662 Oak Street
$2,030,000
Est. payment /mo
$1,900,000
6.8%
Est.Price: ?

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4 Beds
3 Baths
8,712 Sqft Lot
SOLD DATE : 08/07/2024

Key Details

Sold Price $2,030,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24130307

Sold Date 08/07/24

Bedrooms 4

HOA Y/N No

Lot Size 8,712 Sqft

Property Description

This 5-unit offering is an opportunity to acquire a 1978 multi-family investment property in Los Alamitos. First time on the market since it was built. The property is located in a favorable neighborhood less than 5 miles from the beach. Close to major freeways, schools and the huge multi-recreational El Dorado Park. This property boasts four-2 bedroom, 1 1/2 bath townhomes and one 2 bedroom 1 bath townhome. All units have private balconies. Four units have inside washer and dryer hookups. One unit has a laundry area on the first floor in a separate room. The property also has 8 covered carport parking spots. In addition, there are 2 more uncovered parking spaces. The original owner has maintained the property. PRO FORMA rents offer the investor a 63% rental upside. Currently this is the only multifamily investment property on the market in the city of Los Alamitos.
This 5-unit offering is an opportunity to acquire a 1978 multi-family investment property in Los Alamitos. First time on the market since it was built. The property is located in a favorable neighborhood less than 5 miles from the beach. Close to major freeways, schools and the huge multi-recreational El Dorado Park. This property boasts four-2 bedroom, 1 1/2 bath townhomes and one 2 bedroom 1 bath townhome. All units have private balconies. Four units have inside washer and dryer hookups. One unit has a laundry area on the first floor in a separate room. The property also has 8 covered carport parking spots. In addition, there are 2 more uncovered parking spaces. The original owner has maintained the property. PRO FORMA rents offer the investor a 63% rental upside. Currently this is the only multifamily investment property on the market in the city of Los Alamitos.

Location

State CA

County Orange

Area Oc - Los Alamitos (90720)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Monthly Total Fees $222

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,827

Listing Terms Cash, Conventional, Exchange

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Edgar Carroll • Sunrise Real Estate Group
Bought with Ryan Zhou • GoGo Realtors R.H. Corp
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170 Laurel St, Diego, CA, 92101, United States

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