10861 Walnut St Los Alamitos, CA 90720
Estimated payment $9,574/month
Highlights
- No HOA
- Richard Henry Lee Elementary School Rated A+
- Level Lot
About This Home
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.
Listing Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 04/13/2026
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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $4,484 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per 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)
MLS Number: OC26079021
APN: 242-201-14
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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