2681 Channing Way, Los Alamitos, California 90720, Los Alamitos, 90720 - 3 bed, 2 bath
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2681 Channing Way
Los Alamitos, California 90720
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,609Sq Ft
10,355Lot Size
Property Price
LIST PRICE$1,849,000
EST. MARKET VALUE
$1,733,650
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,849,000—positioned above the $1,733,651 Fair Market Value by 6%. While the price reflects the premium Rossmoor location, the 10,355 sqft lot and Condition Rating of 5 offer significant upside for forced appreciation. Featuring a large swimming pool and access to Top-Rated Schools like Francis Hopkinson Elementary, this asset is primed for a custom rebuild or ADU development. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking long-term equity growth.
Estimated Market Value
$1,733,650
Based on Realkey algorithm analyzing recent comparable sales in Los Alamitos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2681 Channing Way Subject | $1,849,000* List Price | 3 | 2 | 1,609 | $1,077 | - |
A 11582 Foster Sold | $1,690,000 | 3 | 2 | 2,088 | $809 | 0.2 mi |
B 3001 Coleridge Drive Sold | $1,650,000 | 3 | 2 | 1,619 | $1,019 | 0.2 mi |
C 3221 Kempton Drive Sold | $1,340,000 | 3 | 2 | 1,598 | $839 | 0.7 mi |
D 3021 Coleridge Drive Sold | $1,600,000 | 4 | 2 | 1,650 | $970 | 0.3 mi |
E 10921 Walnut Sold | $1,550,000 | 3 | 2 | 1,125 | $1,378 | 0.9 mi |
F 2772 Salmon Drive Sold | $1,705,000 | 4 | 2 | 1,861 | $916 | 1.0 mi |
G 11941 Paseo Bonita Active | $1,848,000 List Price | 4 | 3 | 2,200 | $840 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1957 (>50 years old) with no evidence of modern renovations. The interior shows significant wear, including visible stains on the walls and carpets, dated kitchen/bath fixtures, and popcorn ceilings. The listing description explicitly markets the property as a 'blank canvass' for a rebuild or major rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10355, living area = 1609.
- Great Schools
Elementary School: Francis Hopkinson Elementary School (10/10). Middle School: Oak Middle School (9/10). High School: Los Alamitos High School (9/10).
- Expansive Lot & Development Potential
The rare 10,355 sqft lot provides a massive footprint for a custom rebuild or the addition of an ADU, offering significant flexibility for multi-generational living or substantial equity growth.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
Marketed as a 'blank canvas,' the original 1957 structure likely requires a substantial capital investment in remodeling or a complete rebuild to meet modern luxury standards.
- Lack of Scenic Views
The property is explicitly listed as having no views, which may be a competitive disadvantage when compared to other high-end listings in the surrounding Orange County region.
About 2681 Channing Way
Looking for a blank canvass where you can turn your vision into reality? Then this is it. Rare 10,355 sf lot plus large swimming pool. Whichever approach you'd prefer, this home is the opportunity. You can do a mini-remodel, live and start building equity and then do a big re-build down the road. Or: Because the highest sales in the neighborhood have sold for over $4 million you could rebuild immediately and build immediate equity. Or: you could develop a generational property with family in front and grandparents in an ADU in the back. Or: you can build the ADU first then work on the front house on your schedule, at your pace. Opportunities abound! Rossmoor is an exclusive neighborhood at the tip of Orange County on the Los Angeles/Orange County border. This has made it an ideal location for commuters. And it is anchored by one of the most respected school districts in the nation, the Los Alamitos School District.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 10,355 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $100.0 / Month
Neighborhood Insights
Los Alamitos Unified Schools
Richard Henry Lee Elementary School
Grades K-5 • 0.2 mi
10/10
Jack L. Weaver Elementary School
Grades K-5 • 0.3 mi
9/10
Rossmoor Elementary School
Grades K-5 • 0.6 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,609 | 2,109.938 |
| Lot Size | 10,355 | 7,741.563 |
| Price | $1.85M | $1.62M |
| Price per sq ft | $1.1K | $770 |
| Built year | 1957 | 1962 |
| HOA | $100.0 | $0 |
| Days on market | 5 | 69 |
Pricing History
Listed for Sale
Sep 4, 2026
$1,849,000
Initial Listing