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4412 Green, Los Alamitos, California 90720, Los Alamitos, 90720 - bed, bath

4412 Green, Los Alamitos, California 90720 home-pic-0
ACTIVE$1,849,000
4412 Green, Los Alamitos, California 90720
0Bed
0Bath
4,203Sqft
8,891Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Rare Asset in Desirable Market: A four-unit building is a rare find in the highly sought-after, high-barrier-to-entry Los Alamitos market, making this a generational investment opportunity.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8891, other record lot size in square feet = 9360.

Compared to the nearby listings

Price:$1.85M vs avg $1.70M (+$149,000)60%
Size:4,203 sqft vs avg 3,750 sqft80%
Price/sqft:$440 vs avg $48640%

More Insights

Built in 1976 (49 years old).
Condition: Built in 1976, this property is nearly 50 years old. The lack of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are original or significantly dated. Visible window AC units indicate an outdated cooling system. The listing description itself points to 'potential for capital expenditures' and 'renovation costs' to achieve 'rental upside,' confirming that significant updates are needed to modernize the units. While functional and fully occupied, the property's age and implied condition of major components align with the 'Fair' category, indicating it is aged but maintained, with functional but outdated systems.
Year Built
1976
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$440
HOA
-
Days on market
-
Sold On
-
MLS number
PW25278270
Home ConditionFair
Features
Good View:
Deck
View-

About this home

Rarely does a four-unit building come up for sale in the sough-after Los Alamitos market. 4412 Green offers the perfect blend of immediate stability and upside potential. This building is comprised of one 3-bedroom unit and three 2-bedroom units, all fully occupied with long-time tenants, offering a steady income stream from day one. A savvy investor can capitalize on the rental upside and buildings amenities to further improve performance. The common area features a coinless laundry room which minimizes headaches in collecting coins. This building includes 7 covered garage spaces in the back parking area, along with 2 uncovered parking spaces near the alley. The location is unbeatable for those looking for an asset in a sought-after community. Immediately across the alley behind the building is a recently renovated city park. Additionally, this property is close to many local attractions and employers. Whether you are a seasoned investor or an owner-occupant looking to break into the Los Alamitos market, this property is a generational asset in a high-barrier-to-entry market.

Condition Rating
Fair
Built in 1976, this property is nearly 50 years old. The lack of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are original or significantly dated. Visible window AC units indicate an outdated cooling system. The listing description itself points to 'potential for capital expenditures' and 'renovation costs' to achieve 'rental upside,' confirming that significant updates are needed to modernize the units. While functional and fully occupied, the property's age and implied condition of major components align with the 'Fair' category, indicating it is aged but maintained, with functional but outdated systems.
Pros & Cons

Pros

Rare Asset in Desirable Market: A four-unit building is a rare find in the highly sought-after, high-barrier-to-entry Los Alamitos market, making this a generational investment opportunity.
Immediate Income & Stability: All four units are fully occupied with long-time tenants, ensuring a steady income stream from day one and reducing vacancy risk.
Significant Upside Potential: The property offers clear rental upside potential, allowing a savvy investor to improve performance through strategic rent adjustments and property enhancements.
Ample Parking & Convenient Amenities: The building provides 7 covered garage spaces and 2 uncovered spaces, along with a coinless laundry room, offering valuable conveniences for tenants and simplified management.
Prime Location & Accessibility: Located in an unbeatable area, directly across from a recently renovated city park and close to local attractions and major employers, enhancing tenant appeal and long-term value.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8891, other record lot size in square feet = 9360.
Building Age & Potential for Capital Expenditures: Built in 1976, the property is nearly 50 years old, suggesting potential for outdated systems (e.g., plumbing, electrical) and deferred maintenance that may require significant capital investment.
Potential for Below-Market Rents: While long-term tenants offer stability, their rents may be below current market rates. Maximizing the 'rental upside' could necessitate strategic rent increases or unit renovations upon turnover, which can be a sensitive process.
Limited Information on Unit Interior Condition: The description highlights common areas and exterior features but lacks details on the condition or recent updates of individual unit interiors, implying potential for significant renovation costs to achieve top-market rents.

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