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SOLD 6/23/2021

4166 Green Avenue, Los Alamitos, CA 90720$2,525,000

9
beds
5
baths
5792
ft2
· 18980
ft2 lot
$443 / ft2

Listing provided courtesy of Listing Broker: Greg Bassirpou, Marcus & Millichap RE Invest
Source CRMLS;
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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.

HOA

$—/month

On market

5 months

Year built

1962

Property type

Multi-Family

Parking

16

MLS

OC20216141

Price / Sq.Ft.

$443 / ft2

Status

Closed

Home details for 4166 Green Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Gas & Electric Dryer Hookup, Washer Hookup
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 5792.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 2.00
•   
Uncovered Spaces: 14.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: Front Yard, Landscaped, Near Public Transit
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.4357
•   
Additional Parcels Description: 22205112
•   
Lot Size Area: 18980.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 4
•   
Total Units: 6
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 6
•   
Number Of Separate Gas Meters: 6
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 1333.00
•   
Vacancy Allowance Rate: 2.00
•   
Cap Rate: 4.00
•   
Total Actual Rent: 12600.00
•   
Fuel Expense: 1333.00
•   
Trash Expense: 1334.00
•   
New Taxes Expense: 30711.00
•   
Insurance Expense: 2836.00
•   
Vacancy Allowance: 3024
•   
Professional Management Expense: 0.00
•   
Total Expenses: 45500.00
•   
Gross Scheduled Income: 151200.00
•   
Operating Expense: 45500.00
•   
Gross Multiplier: 16.96
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 151200.00
•   
Tax Year: 2020
•   
Taxes: 12731.48
Lease Info
•   
Net Operating Income: 102600.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 6200.00
•   
Unit 3 Total Units: 4
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 6200.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2200.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 2200.00
Unit 1 Information
•   
Unit 1 Bedrooms: 5
•   
Unit 1 Total Units: 1
•   
Has Attached Garage
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 3
•   
Unit 1 Actual Rent: 4200.00
•   
Unit 1 Total Rent: 4200.00
Multi Unit Information
•   
# Of Units: 3
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks, Storm Drains, Street Lights
School Info
•   
Directions: Please do not disturb tenants. Make all offers subject to inspection.
Other
Calculation
•   
Dom: 136
•   
Cdom: 136

Neighborhood snapshot

22
Properties for sale
7
Median days on market
$616.98
Median sold price/sqft
101.67%
Sold/List %
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Property History for 4166 Green Avenue

06/23/2021
06/23/2021
Public Record
sold
Public Record
$2,525,000
--1.56%
06/23/2021
06/23/2021
CRMLS #OC20216141
sold
CRMLS #OC20216141
$2,565,000
03/25/2021
03/25/2021
CRMLS #OC20216141
pending
CRMLS #OC20216141
$2,565,000
03/09/2021
03/09/2021
CRMLS #OC20216141
active
CRMLS #OC20216141
$2,565,000
02/10/2021
02/10/2021
CRMLS #OC20216141
pending
CRMLS #OC20216141
$2,565,000
See more property history

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