10622 Walnut Street
Los Alamitos, CA 90720
- – beds
- – baths
- – sqft
- 7,699 sqft lot
- 1988 build
- – on site
More homes
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.
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Last updated Nov 8, 2024
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MLS# PW24118105 —
The Building
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Year Built:1988
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Year Built Source:Seller
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New Construction:No
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:4350.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:4
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Stories Total:2
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# of Separate Gas Meters:4
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# of Separate Electric Meters:4
Interior
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Entry Location:1
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Laundry:Community, See Remarks
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Laundry:1
Location
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Directions:Corner of Sausalito and Walnut
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Lot Features:Corner Lot
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Lot Size Area:7699.0000
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Lot Size Acres:0.1767
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Lot Size SqFt:7699.00
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Lot Size Source:Public Records
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:15
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Tax Census Tract:1101.08
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Tax Tract:441
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Tax Lot:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:24223229
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:n/a
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Senior Community:No
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Features:Suburban
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:8.00
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Garage Spaces:4.00
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Uncovered Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/26/24
Jul 26, 2024
|
Sold | CRMLS_CA | $1,900,000 | |
|
6/19/24
Jun 19, 2024
|
Pending | CRMLS_CA | $1,900,000 | |
|
6/10/24
Jun 10, 2024
|
Listed / Active | CRMLS_CA | $1,900,000 |
