Los Alamitos, CA 90720,10662 Oak ST
Los Alamitos, CA 90720,10662 Oak ST
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$2,030,000

$1,900,000

6.8%
Est.Price: ?

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Est. payment /mo

8,712 Sqft Lot


SOLD DATE : 08/07/2024

Key Details

Sold Price $2,030,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Royal Oak

MLS Listing ID SB24130307

Sold Date 08/07/24

HOA Y/N No

Year Built 1978

Lot Size 8,712 Sqft

Property Description

This 5-unit offering is an opportunity to acquire a 1978 multi-family investment property in Los Alamitos. First time on the market since it was built. The property is located in a favorable neighborhood less than 5 miles from the beach. Close to major freeways, schools and the huge multi-recreational El Dorado Park. This property boasts four-2 bedroom, 1 1/2 bath townhomes and one 2 bedroom 1 bath townhome. All units have private balconies. Four units have inside washer and dryer hookups. One unit has a laundry area on the first floor in a separate room. The property also has 8 covered carport parking spots. In addition, there are 2 more uncovered parking spaces. The original owner has maintained the property. PRO FORMA rents offer the investor a 63% rental upside. Currently this is the only multifamily investment property on the market in the city of Los Alamitos.

Location

State CA

County Orange

Area 52 - Los Alamitos

Interior

Heating Central

Cooling None

Fireplace No

Laundry Inside, Laundry Room

Exterior

Carport Spaces 5

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 24223105

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Edgar Carroll • Sunrise Real Estate Group • 310-251-9999
Bought with Ryan Zhou • GoGo Realtors R.H. Corp

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