$1,700,000
$1,750,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
8,725 Sqft Lot
SOLD DATE : 04/21/2023
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Los Alamitos
MLS Listing ID PW23040620
Sold Date 04/21/23
HOA Y/N No
Year Built 1960
Lot Size 8,725 Sqft
Property Description
Excellent 4 unit investment property located in Los Alamitos, one of the most desirable rental markets in Orange County. Built in 1960 the subject property offers an attractive unit mix of (4) two bedroom/one and half bathroom units, approximately 1,070 sq. ft. each, and the opportunity to add an ADU. Three of the units are townhouse style and all units have washer/dryer hookups in the unit. There is huge upside in the rents. Recent markets rents for similar units that are completely renovated are around $2,800 per month. In addition, there is an opportunity to convert 3 of the single car garages (a detached structure) into an ADU unit, further increasing the income and potential value of the property. This is a unique investment opportunity due to high quality location and significant upside potential.
Location
State CA
County Orange
Area 52 - Los Alamitos
Interior
Heating Wall Furnace
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Garage Assigned
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Biking, Park, Suburban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Parking Type Assigned
Total Parking Spaces 9
Private Pool No
Building
Lot Description Front Yard, Street Level
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 22205215
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Spencer Pabst • Pabst, Kinney & Associates