
Los Alamitos, California 90720
This Multi-Family Residential Income Asset is listed at $1,700,000, reflecting a strategic premium over the $1,561,272 Fair Market Value due to its high-demand unit configuration. Holding a Condition Rating of 4, the property requires modernization but offers significant upside through a three-bedroom house and two 2-bedroom townhomes, complemented by private patios and six covered parking spaces. Located in the top-tier Los Alamitos School District, the asset ensures consistent occupancy and long-term stability. This is a high-utility acquisition for Buy-and-Hold Investors or Owner-Occupants targeting a value-add play in a premier locale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10921 Walnut Subject | $1,599,000* List Price | 0 | 0 | 3,039 | $519 | - |
A 10861 Walnut Street Sold | $1,550,000 | 0 | 0 | 2,734 | $567 | 0.1 mi |
B 4412 Green Sold | $1,915,000 | 0 | 0 | 4,203 | $456 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, the property is over 50 years old and retains many original features. While there are minor cosmetic updates like newer laminate flooring, the kitchens and bathrooms are significantly dated with older cabinetry and fixtures. The presence of popcorn ceilings and window AC units indicates that major systems and aesthetics have not been fully modernized in over 20 years.
The property features a highly desirable mix of one 3-bedroom single-family style unit and two 2-bedroom townhomes, offering flexibility for owner-occupiers or diverse tenant profiles.
Equipped with three double garages providing six covered parking spaces, this triplex offers a significant competitive advantage and convenience in a high-demand rental market.
Situated in a sought-after Los Alamitos neighborhood, the property benefits from top-rated school districts and a central location with easy access to both Orange and Los Angeles County amenities.
Built in 1968, the property may require capital improvements or modernization of major systems to maintain competitiveness and achieve top-of-market rental rates.
At a $1.7 million entry price, the initial capitalization rate may be lower, requiring strategic management and potential rent increases to maximize the return on investment.
Discover this exceptional multi-family 3 unit, 7-bedroom, 6-bathroom with 3 double garages nestled in the highly sought-after community of Los Alamitos. The thoughtfully designed layout features three distinct units, including a single family, three-bedroom, two-bath, 1,125 sq. ft. unit and two additional 972 sq. ft. townhouse units, each with two bedrooms and 1.5 bathrooms. Built in 1968, this charming residence is situated on a picturesque 0.16-acre lot and encompasses an impressive 3,039 square feet of rentable living space. The expansive lot, exceeding 7,400 square feet, presents abundant opportunities for outdoor enjoyment, whether it be relaxing patios, garden spaces, or recreational areas for families. Positioned within a low-density residential neighborhood, this property not only boasts functional unit configurations but also ensures immediate leasing potential with the possibility of increasing income in the thriving Los Alamitos market. Families will appreciate the top-rated schools in the area, while a variety of shops, restaurants, and beautiful beaches in Orange and Los Angeles County lie just a short drive away. This is a rare opportunity to invest in a property that offers not only immediate returns but also the potential for long-term financial growth. Don’t miss the chance to build multigenerational wealth for you and your loved ones in this vibrant and desirable locale!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,039 | 2,734 |
| Lot Size | 7,405 | 6,534 |
| Price | $1.60M | $1.73M |
| Price per sq ft | $526 | $511 |
| Built year | 1968 | 1960 |
| HOA | $0 | $0 |
| Days on market | 77 | 65 |
Jun 25, 2026
$1,599,000
$1,700,000
-6% Price Drop
Initial Listing
May 6, 2026
$1,700,000
Initial Listing