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PENDING

4312 Green Avenue, Los Alamitos, CA 90720$5,300,000

5
beds
3
baths
14432
ft2
· 19166
ft2 lot
$367 / ft2

Listing provided courtesy of Tyler Leeson, Marcus & Millichap RE Invest
Source CRMLS;
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Greenbrier Apartments is a 14-unit multifamily investment opportunity located at 4312 Green Avenue, Los Alamitos, California. This offering represents a rare opportunity to acquire a 10+ unit multifamily investment property in a market with a dearth of multifamily investment opportunities. Per Commercial Real Estate Marketplaces CoStar, LoopNet and MLS, Greenbrier Apartments is the only active listing of 5 or more units in Los Alamitos. Additionally, there has been only one sale of more than 10 units in Los Alamitos since September 1, 2018. Built in 1963, Greenbrier Apartments contains an attractive unit mix consisting of renovated two and three-bedroom units with upgraded cabinets, flooring, and fixtures. Situated on a 0.44-acre lot, the property offers amenities including a swimming pool, gated access, garage, tuck-under, uncovered, and carport parking, storage lockers, and on-site laundry. Greenbrier Apartments benefits from its central location between Orange and Los Angeles Counties as well as its proximity to highly ranked schools, major retail centers, and top local employers. In addition, the property is located just one mile from the Los Alamitos Race Track, which brings in thousands of visitors annually.

HOA

$—/month

On market

1 month

Year built

1963

Property type

Multi-Family

Parking

16

MLS

OC21203587

Price / Sq.Ft.

$367 / ft2

Status

Pending

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Home details for 4312 Green Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
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: 14432.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 4.00
•   
Uncovered Spaces: 1.00
•   
Carport Spaces: 11.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Level with Street
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.4400
•   
Lot Size Area: 0.4400
•   
Lot Size Units: Acres
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 14
Property Features
•   
Common Walls: No Common Walls
•   
Pool Details: Community
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 14
•   
Number Of Separate Gas Meters: 1
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 351832.00
•   
Water Sewer Expense: 4325.00
•   
Other Expense Description: Misc
•   
Other Expense: 26787.00
•   
Maintenance Expense: 9100.00
•   
Total Actual Rent: 29959.00
•   
Fuel Expense: 4325.00
•   
Trash Expense: 4325.00
•   
New Taxes Expense: 59803.00
•   
Insurance Expense: 5036.00
•   
Vacancy Allowance: 10785
•   
Professional Management Expense: 14073.00
•   
Other Income Description: Miscellaneous
•   
Total Expenses: 132099.00
•   
Gross Scheduled Income: 359505.00
•   
Other Income1: 3112.00
•   
Operating Expense: 132099.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 362617.00
•   
Tax Year: 2020
•   
Taxes: 11461.16
Lease Info
•   
Net Operating Income: 219733.00
Listing Info
•   
Status: Pending
Other
•   
Electric Expense: 4325.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 9914.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 4
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 2.00
•   
Unit 2 Total Rent: 9914.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 10
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 20045.00
•   
Unit 1 Total Rent: 20045.00
Multi Unit Information
•   
# Of Units: 2
•   
Number Of Units Leased: 14
•   
Price Per Unit: 378571
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks
School Info
•   
Directions: Nearby Cross Streets: Green Avenue & Noel Street
Other
Calculation
•   
Dom: 16
•   
Cdom: 16

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Long Beach
Los Alamitos
35
Properties for sale
7
Median days on market
$599.75
Median sold price/sqft
101.99%
Sold/List %
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Property History for 4312 Green Avenue

10/01/2021
10/01/2021
CRMLS #OC21203587
pending
CRMLS #OC21203587
$5,300,000
09/15/2021
09/15/2021
CRMLS #OC21203587
active
CRMLS #OC21203587
$5,300,000

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