Excellent 4 unit investment property located in Los Alamitos, one of the most desirable rental markets in Orange County. Built in 1960 the subject property offers an attractive unit mix of (4) two bedroom/one and half bathroom units, approximately 1,070 sq. ft. each, and the opportunity to add an ADU. Three of the units are townhouse style and all units have washer/dryer hookups in the unit. There is huge upside in the rents. Recent markets rents for similar units that are completely renovated are around $2,800 per month. In addition, there is an opportunity to convert 3 of the single car garages (a detached structure) into an ADU unit, further increasing the income and potential value of the property. This is a unique investment opportunity due to high quality location and significant upside potential.
Excellent 4 unit investment property located in Los Alamitos, one of the most desirable rental markets in Orange County. Built in 1960 the subject property offers an attractive unit mix of (4) two bedroom/one and half bathroom units, approximately 1,070 sq. ft. each, and the opportunity to add an ADU. Three of the units are townhouse style and all units have washer/dryer hookups in the unit. There is huge upside in the rents. Recent markets rents for similar units that are completely renovated are around $2,800 per month. In addition, there is an opportunity to convert 3 of the single car garages (a detached structure) into an ADU unit, further increasing the income and potential value of the property. This is a unique investment opportunity due to high quality location and significant upside potential.