Sold
Closed
10622 Walnut Street
Los Alamitos CA, 90720
$1,900,000
$436.78 per sqft
Sold
Closed
4,350 sqft
Multi-family
Built in 1988
Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker [email protected]
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
October 1, 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
Listing History
Date | Event | Price |
|---|---|---|
7/26/2024 | Sold | $1,900,000 |
6/19/2024 | Pending | — |
Listing Contact: 562-436-5800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/1/2024. 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.
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Data last updated on 10/1/2024 at 10:00 PM UTC