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Listed by Brian Gorman • RE/MAX College Park Realty
$ 7,950,000
Est. payment | /mo
17,779 SqFt
$ 7,950,000
Est. payment | /mo
17,779 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 17,779 sqft
Price per Sqft $447
MLS Listing ID CRPW25057373
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1963
Lot Size 0.672 Acres
Property Sub-Type Other
Property Description
RARE INVESTMENT PROPERTY in a great location! This 21-unit Los Alamitos apartment complex offers (4) two-bedroom/two-bathroom, (8) one-bedroom/one-bathroom, and (9) two-bedroom/one-bathroom units below market value. The property is being sold fully leased, with a substantial 55% rental upside, in an area of Orange County with strong rental demand. The property features desirable amenities including a gated community pool, shared laundry room, and 31 garage spaces. Many recent improvements, including ALL interior & exterior electrical panels upgraded to meet the newest Insurance requirements. Convenient to the coastal amenities of Orange County; Los Angeles County; the Port of Long Beach; LAX, John Wayne & Long Beach Airports
Location
State CA
County Orange
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Community Facility, See Remarks
Exterior
View None
Building
Water Public
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