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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
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
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Parking Features 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
Building
Lot Description Front Yard, Street Level
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Spencer Pabst • Pabst, Kinney & Associates
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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