Pending

10622 Walnut Street

Los Alamitos CA, 90720

$1,900,000


$436.78 per sqft

Pending

4,350 sqft

Multi-family

Built in 1988

Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker 562-436-5800

This exclusive offering is a very rare opportunity to acquire an 80's construction multifamily investment property in Los Alamitos. Located on the edge of Orange County, the small city boasts convenient proximity to beach cities, major freeways, schools, and outdoor recreation available nearby at the 642-acre El Dorado Park; furthermore, this affluent area has an average household income of over $159,000.

10622 Walnut Street is 4,350-square foot, two-story 1988 construction with a desirable mix of one two-bed/one-bath unit, two two-bed/one-and-one-half-bath townhomes, and one three-bed/two-bath townhome. The units feature spacious floor plans, fireplaces, private patios, and separate gas and electric meters. The three-bedroom townhome has in-unit washer/dryer hookups, the remaining units share on-site laundry, and the property also offers garage and surface parking.

The building has been well-maintained and offers a new investor a substantial 59 percent rental upside and the potential to develop two ADU's (buyer to verify). As of writing, 10622 Walnut Street is the only multifamily investment property on market in Los Alamitos, making this a truly outstanding value-add acquisition opportunity.

PW24118105

MLS ID

June 10, 2024

Listed

July 8, 2024

Updated

Map

10622 Walnut Street
Los Alamitos CA, 90720

Interior Features

Total Stories

2


Laundry Description

Common Area, See Remarks


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.18 Acres


Lot Features

Corner Lot


Sewer

Public Sewer

Other Property Details

Area Name

52 - Los Alamitos


Days on Market

9


Garage

Yes


Garage Spaces

4


Parking Total

8


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

6/19/2024

Pending

Listing Contact: 562-436-5800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/8/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/8/2024 at 9:10 AM UTC

 

Powered byLuxury Presence