RARE INVESTMENT PROPERTY in a great location! This 21-unit Los Alamitos apartment complex offers (4) two-bedroom/two-bathroom, (8) one-bedroom/one-bathroom, and (9) two-bedroom/one-bathroom units below market value. The property is being sold fully leased, with a substantial 55% rental upside, in an area of Orange County with strong rental demand. The property features desirable amenities including a gated community pool, shared laundry room, and 31 garage spaces. Many recent improvements, including ALL interior & exterior electrical panels upgraded to meet the newest Insurance requirements. Convenient to the coastal amenities of Orange County; Los Angeles County; the Port of Long Beach; LAX, John Wayne & Long Beach Airports
MLS# | PW25057373 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Pending |
Year | 1963 |
Days On Site | 45 |
Listing Provided By | RE/MAX College Park Realty 562-982-0300 | Brian Gorman |
SQ Feet | 17,779 |
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Garage | 31 |
Pool | Yes |
Story(s) | 2 |
Units | 21 |
Building(s) | 1 |
Acreage | 0.67 |
Property View | None |
State | CA |
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County | Orange |
City | Los Alamitos |
Zip Code | 90720 |
Area | 52 Los Alamitos |
Community Name | Los Alamitos |
Listing VS Median (in Los Alamitos) | |
Price: $7,950,000 low | high Med: $4,624,500 SqFt: 17,779 low | high Med: 9,665 $ / SqFt: $447 low | high Med: $643 On site: 45 low | high Med: 60.000000 |