10662 Oak Street, Los Alamitos, CA 90720
- $2,030,000
- Sold Price
- $2,030,000
- List Price
- $1,900,000
- Closing Date
- Aug 07, 2024
- Status
- CLOSED
- MLS#
- SB24130307
- Year Built
- 1978
- Lot Size
- 8,712
- Acres
- 0.20
- Lot Location
- Front Yard
- Days on Market
- 4
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- , Royal Oak
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.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling Description
- None
- View
- Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $107,400
- Operating Expense
- 8065
Listing courtesy of Listing Agent: Edgar Carroll (EdCarrollJr@aol.com) from Listing Office: Sunrise Real Estate Group.
Listing sold by Ryan Zhou from GoGo Realtors R.H. Corp
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.