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    4166 Green Avenue

    Los Alamitos, CA 90720
    • $2,565,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: OC20216141
    UPDATED: 21 min ago
    $2,565,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,792
      SQFT
    • $443
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    The Green Avenue Apartment Homes are located in the desirable City of Los Alamitos, CA. Built in 1962, this property provides a rare investment opportunity in the highly sought-after Los Alamitos rental market within the greater Orange County area.The subject property offers an attractive unit mix comprised of (1) large five-bedroom/ two and one-half bathroom house with large yard, (1) two-bedroom/ one-bathroom cottage, and (4) two-bedroom/ one-bathroom units totaling 5,792 square feet, situated over a large 18,980 square foot lot. Some amenities include: large yards, gated access, ample on-site parking (14 spaces and enclosed garage), washer/dryer hookups, private patios, and a spacious courtyard.This property is centrally located between both Orange and Los Angeles Counties and close to schools, entertainment, retail, employment, and freeways. It is also located within the Los Alamitos Unified School District, which offers eight National Blue Ribbon schools (highly sought after by tenants). This offering provides a rare opportunity for an investor to acquire a stabilized, pride of ownership asset in the desirable Los Alamitos market.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T07:28:02.617. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110973693
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    4166 Green Avenue Los Alamitos, CA 90720

    • Price: $2,565,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: OC20216141
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    5,792
    SQFT
    $443
    $/SQFT
    1962
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    The Green Avenue Apartment Homes are located in the desirable City of Los Alamitos, CA. Built in 1962, this property provides a rare investment opportunity in the highly sought-after Los Alamitos rental market within the greater Orange County area.The subject property offers an attractive unit mix comprised of (1) large five-bedroom/ two and one-half bathroom house with large yard, (1) two-bedroom/ one-bathroom cottage, and (4) two-bedroom/ one-bathroom units totaling 5,792 square feet, situated over a large 18,980 square foot lot. Some amenities include: large yards, gated access, ample on-site parking (14 spaces and enclosed garage), washer/dryer hookups, private patios, and a spacious courtyard.This property is centrally located between both Orange and Los Angeles Counties and close to schools, entertainment, retail, employment, and freeways. It is also located within the Los Alamitos Unified School District, which offers eight National Blue Ribbon schools (highly sought after by tenants). This offering provides a rare opportunity for an investor to acquire a stabilized, pride of ownership asset in the desirable Los Alamitos market.
    Exterior Features

    Garage Spaces 2.00 Lot Features Front YardLandscapedNear Public Transit Lot Size Units Square Feet Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 14.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Gas & Electric Dryer HookupWasher Hookup Levels One

    Property Features

    Additional Parcels Description 22205112 Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.00 Community Features SidewalksStorm DrainsStreet Lights Country Us Electric Expense 1000.00 Elevation Units Feet Fuel Expense 1000.00 Gross Income 151200.00 Gross Multiplier 16.96 Gross Scheduled Income 151200.00 Insurance Expense 2836.00 Land Lease YN No Laundry YN Yes Net Operating Income 102689.00 New Construction YN No New Taxes Expense 30711.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 2 Operating Expense 45487.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 12600.00 Total Expenses 45487.00 Trash Expense 1000.00 Vacancy Allowance 3024 Vacancy Allowance Rate 2.00 Water Sewer Expense 1000.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Greg Bassirpou of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T07:28:02.617. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003