$1,550,000
SOLD JUN 11, 2026
4 Beds
3 Baths
2,734 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: June 11, 2026

$567 Per Sq Ft

9% Below List Price

11 Days on Market

Highlights

  • No HOA
  • Richard Henry Lee Elementary School Rated A+
  • Level Lot

About This Home

As of June 2026

10861 Walnut Street is a 3-unit multifamily property located in Los Alamitos, California. Built in 1960 and 1985 on a 0.15-acre parcel, the property consists of two separate buildings totaling 2,734 rentable square feet. The property features a desirable unit mix of 1 two-bed/one-bath single-story house and 2 two-bed/ two-bath units configured as an up/down duplex. The house includes an attached garage and a spacious private yard, appealing to tenants seeking additional privacy and usable outdoor space, while the duplex units offer efficient layouts with broad rental appeal. The property benefits from ample on-site parking, including four carport spaces and one single-car garage, supporting tenant convenience in a supply-constrained parking market. Current rents are below market, presenting a clear opportunity for a new owner to capture rental upside through a comprehensive renovation program. Overall, the asset offers a low-density residential setting with a functional unit mix, providing both immediate leasing potential and the ability to enhance income in the desirable Los Alamitos market.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 04/13/2026

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 04/13/2026

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 1 Car Garage
  • 4 Carport Spaces

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,734 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block ALAMI / 34
  • Tax Tract Number 441
  • Assessor Parcel Number 24220114
  • $1,112 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $566
  • Fuel Expense $569
  • Insurance Expense $3,000
  • Maintenance Expense $3,000
  • Trash Expense $566
  • Water Sewer Expense $566
  • New Taxes Expense $18,647
  • Operating Expense $31,026
  • Gross Income $74,400
  • Net Operating Income $41,142

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

6,534 Sq Ft Lot

Parking

1

Listing Details

  • CapRate: 2.42
  • Property Attached: No
  • Water Sewer Expenses: 566.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 24220114
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 566.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 566.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 566.00
  • Fuel Expense: 569.00
  • Gross Income: 74400.00
  • Gross Multiplier: 22.85
  • Gross Operating Income: 72168.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 6534.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 41142.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 31026.00
  • Operating Expense Percent: 43.00
  • Rent Control: No
  • Total Expenses: 31026.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18647.00
  • Tax Block: 34
  • Tax Lot: ALAMI
  • Tax Tract Number: 441
  • TaxOtherAnnualAssessmentAmount: 1112.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2026
Closed on
May 13, 2026
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$1,700,000
Sold Price
$1,550,000
Premium/Discount to List
-$150,000
-8.82%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,062,000
Outstanding Balance
$1,958,512
Interest Rate
6.3%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 13, 1994
Sold by
Bought by

Purchase Details

Closed on
Mar 4, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Los Alamitos, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $1,550,000 Chicago Title Company
Individual Deed -- --
Grant Deed -- North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $2,062,000 Construction
Previous Owner $100,000 Commercial
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/11/2026 06/11/26 Sold $1,550,000 -8.8% $567 / Sq Ft
04/24/2026 04/24/26 Pending -- -- --
04/13/2026 04/13/26 For Sale $1,700,000 -- $622 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $4,551 $319,816 $142,285 $177,531
2025 $4,551 $313,546 $139,496 $174,050
2024 $4,484 $307,399 $136,761 $170,638
2023 $4,369 $301,372 $134,079 $167,293
2022 $4,326 $295,463 $131,450 $164,013
2021 $4,228 $289,670 $128,872 $160,798
2020 $4,219 $286,700 $127,550 $159,150
2019 $4,077 $281,079 $125,049 $156,030
2018 $3,869 $275,568 $122,597 $152,971
2017 $3,782 $270,165 $120,193 $149,972
2016 $3,705 $264,868 $117,836 $147,032
2015 $3,652 $260,890 $116,066 $144,824
2014 $3,527 $255,780 $113,792 $141,988
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26079021

California Regional Multiple Listing Service (CRMLS)

APN: 242-201-14

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