3712 Howard, Los Alamitos, California 90720, Los Alamitos, 90720 - 0 bed, 0 bath
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3712 Howard
Los Alamitos, California 90720
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,289Sq Ft
8,712Lot Size
Property Price
LIST PRICE$1,995,000
EST. MARKET VALUE
$2,207,121
9% BelowMARKET VALUE
SUMMARY
This fourplex presents a Strong Value Opportunity with a List Price of $1,995,000—positioned well below the $2,138,239 Fair Market Value by 6%. This valuation gap offers $143,239 in Instant Equity for the buyer. Featuring a 4 Condition Rating, the property includes recent systems upgrades and a desirable unit mix, while offering significant upside through ADU development and interior modernizations. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental demand.
Estimated Market Value
$2,207,121+$212,121 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 3712 Howard Subject | $1,995,000* List Price | 0 | 0 | 4,289 | $515 | - |
A 10921 Walnut Sold | $1,550,000 | 0 | 0 | 3,039 | $510 | 0.5 mi |
B 10861 Walnut Street Sold | $1,550,000 | 0 | 0 | 2,734 | $567 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1977 (47 years old). While the property features recent systems and Cap Ex upgrades, the listing explicitly mentions the need for 'continued interior modernizations' to achieve top rents, indicating that kitchens and bathrooms are likely dated and fall within the 15-30 year renovation bracket.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Unit Mix
The property features spacious layouts including three 2-bedroom/2-bathroom units and one 3-bedroom/3-bathroom unit, which are highly attractive to long-term tenants and families.
- Value-Add Potential
Significant upside exists through the potential addition of ADUs in the rear and further interior modernizations to maximize rental income and property value.
- Recent Capital Improvements
Numerous Cap Ex and systems upgrades have been completed, providing a well-maintained, turnkey operation that reduces immediate maintenance concerns for a new owner.
CONSRISKS & DEFICIENCIES
- Below-Market Rents
Current rents are not yet optimized, requiring the new owner to execute interior modernizations and lease renewals to achieve the property's full income potential.
- Initial Yield Compression
With a list price near $2 million, the initial return on investment may be modest until the value-add strategies and rent increases are fully implemented.
About 3712 Howard
Opportunity to purchase a well-maintained fourplex in a highly desirable Los Alamitos location. This building has had numerous Cap Ex and Systems upgrades, providing a new owner the ability to step right into a smoothly operating building. There is also upside via ADU's in the rear. The building is comprised of large units, including three 2 bed/2 bath units and one 3 bed/3 bath unit, making them always easy to rent. Rents have room to be increased further, especially with continued interior modernizations.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1977
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,289 | 2,886.5 |
| Lot Size | 8,712 | 6,969.5 |
| Price | $2.00M | $1.55M |
| Price per sq ft | $465 | $538 |
| Built year | 1977 | 1964 |
| HOA | $0 | $0 |
| Days on market | 43 | 81 |
Pricing History
Listed for Sale
Jul 28, 2026
$1,995,000
Initial Listing