NOT LISTED FOR SALE

4166 Green Ave Los Alamitos, CA 90720

9 Beds
5 Baths
5,792 Sq Ft
0.44 Acres

Last Sold June 23, 2021

Last sale price $2,525,000 $436 Per Sq Ft

163 Days on Market

Highlights

  • 0.44 Acre Lot
  • Property is near public transit
  • Landscaped
  • Los Alamitos Elementary School Rated A
  • Laundry Room
  • Front Yard

About This Home

As of June 2021

The Green Avenue Apartment Homes are located in the desirable City of Los Alamitos, CA. Built in 1962, this property provides a rare investment opportunity in the highly sought-after Los Alamitos rental market within the greater Orange County area.

The subject property offers an attractive unit mix comprised of (1) large five-bedroom/ two and one-half bathroom house with large yard, (1) two-bedroom/ one-bathroom cottage, and (4) two-bedroom/ one-bathroom units totaling 5,792 square feet, situated over a large 18,980 square foot lot. Some amenities include: large yards, gated access, ample on-site parking (14 spaces and enclosed garage), washer/dryer hookups, private patios, and a spacious courtyard.

This property is centrally located between both Orange and Los Angeles Counties and close to schools, entertainment, retail, employment, and freeways. It is also located within the Los Alamitos Unified School District, which offers eight National Blue Ribbon schools (highly sought after by tenants). This offering provides a rare opportunity for an investor to acquire a stabilized, pride of ownership asset in the desirable Los Alamitos market.

Last Agent to Sell the Property

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951 Listed on: 10/13/2020

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.44 Acre Lot
  • No Common Walls
  • Landscaped
  • Front Yard
  • 22205112

Parking

  • 14 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 5,792 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 290
  • Tax Tract Number 740
  • Assessor Parcel Number 22205111

Community Details

Overview

  • 4 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Fuel Expense $1,333
  • Insurance Expense $2,836
  • Trash Expense $1,334
  • Water Sewer Expense $1,333
  • New Taxes Expense $30,711
  • Operating Expense $45,500
  • Gross Income $151,200
  • Net Operating Income $102,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Water Sewer Expenses: 1333.00
  • Property Type: Residential Income
  • Parcel Number: 22205111
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 435.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1334.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 22205112
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Near Public Transit
  • Lot Size Sq Ft: 18980.00
  • Lot Size Acres: 0.4357

Multi Family

  • Fuel Expense: 1333.00
  • Gross Income: 151200.00
  • Gross Multiplier: 16.96
  • Gross Scheduled Income: 151200.00
  • Insurance Expense: 2836.00
  • Lot Size Area: 18980.0000 Square Feet
  • Net Operating Income: 102600.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 6
  • Operating Expense: 45500.00
  • Rent Control: Yes
  • Total Actual Rent: 12600.00
  • Total Expenses: 45500.00
  • Vacancy Allowance: 3024
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 30711.00
  • Tax Census Tract: 1100.14
  • Tax Lot: 290
  • Tax Tract Number: 740

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2021 06/23/21 Sold $2,525,000 -1.6% $436 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $2,565,000 0.0% $443 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
10/13/2020 10/13/20 For Sale $2,565,000 -- $443 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20216141

California Regional Multiple Listing Service (CRMLS)