Bought with Ryan Zhou • GoGo Realtors R.H. Corp
$2,030,000
$1,900,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
4,988 SqFt
SOLD DATE : 08/07/2024
Key Details
Sold Price $2,030,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,988 sqft
Price per Sqft $406
MLS Listing ID CRSB24130307
Sold Date 08/07/24
HOA Y/N No
Year Built 1978
Lot Size 8,712 Sqft
Property Sub-Type Other
Source Datashare California Regional
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.
Location
State CA
County Orange
Interior
Heating Other
Cooling None
Fireplace No
Laundry Laundry Room, Inside
Exterior
View Other
Building
Lot Description Front Yard
Water Public
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