3861 Green Avenue

Los Alamitos, CA 90720

$3,650,000
Last Sold Price
9
Beds
11
Baths
7,696 Sq. Ft.
$474 / Sq. Ft.
7,696
Sq. Ft.
$474
per Sq. Ft.

Description

The Green Street Apartments are an attractive garden style 7-unit investment opportunity in the desirable City of Los Alamitos. The Green Street Apartments is a very well-maintained property, built in 1988 and has a very desirable unit mix consisting of (1) two bedroom/one bath two-story townhome units of932 sq.ft ., (1) two bedroom/two bath two-story townhome unit of 1,140 sq.ft ., (2) two bedroom/one bath units of 924 sq.ft ., and (3) three bedroom/two bath units ranging from 1,140 to 1,400 sq.ft...The Green Street Apartments are an attractive garden style 7-unit investment opportunity in the desirable City of Los Alamitos. The Green Street Apartments is a very well-maintained property, built in 1988 and has a very desirable unit mix consisting of (1) two bedroom/one bath two-story townhome units of932 sq.ft ., (1) two bedroom/two bath two-story townhome unit of 1,140 sq.ft ., (2) two bedroom/one bath units of 924 sq.ft ., and (3) three bedroom/two bath units ranging from 1,140 to 1,400 sq.ft . The Green Street Apartments has been owned in the same family for many years and is a unique investment opportunity due to its high-quality location and significant upside potential.
  1. Listed by Jay Skenderian • DRE #01220368 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 3861 Green Avenue

Parking Spaces Total
7
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7696
Assessor Parcel Number
222-101-34
Property Attached YN
true

Location

Listing Courtesy of Morgan Skenderian, Jay Skenderian, DRE #01220368

Sold By Morgan Skenderian, Michael Arp, DRE #01488586

Add your commute
LISTING UPDATED: 07/05/2022 09:08 AM

Property Details for 3861 Green Avenue

StatusClosed
MLS #PW22082505
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
Lot Size0.28 AC / 12,293 SF
CountyOrange County

Location

Listing Courtesy of Morgan Skenderian, Jay Skenderian, DRE #01220368

Sold By Morgan Skenderian, Michael Arp, DRE #01488586

Add your commute

Building Information for 3861 Green Avenue

Stories-Residences-Year Built1988Building Size-Lot Size0.28 AC / 12,293 SF

Payment Calculator

$23,619 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,920

Property Taxes

$3,699

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3861 Green Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $60,896
  • Gross Scheduled Income: $192,420
  • Vacancy Allowance: 5773
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $186,647
  • Net Operating Income: $115,271
  • Gross Multiplier: 18.84
  • Cap Rate: 3.2
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $71,376
  • Operating Expense Percent: 37.10%
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,951
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $71,376
Tax / Assessment Info
  • Tax Tract Number: 693
  • Tax Census Tract: 1100.14
  • CFD/Mello-Roos Fee: $3,486
  • Tax Lot: 38
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $2,095
  • Unit Type Pro Forma: 2545
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $4,035
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $7,765
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 3861 Green Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3861 Green Avenue

Taxable ValueLand$3,089,750Additions$633,250Total$3,723,000
Tax Record2023$44,388 ($3,699 / month)
Home Facts
Total Finished SqFt7,458 SqFtAbove Grade Finished SqFt7,458 SqFtLot Size12,024 SqFtStyleMulti-Family Dwelling (2-4)Year Built1988CountyORANGEAPN222-101-34

Schools near 3861 Green Avenue

This home is within Los Alamitos Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Jack L. Weaver Elementary School
PublicK to 5

Richard Henry Lee Elementary School
PublicK to 5

Oak Middle School
Public6 to 8

Los Alamitos High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Jay Skenderian, DRE #01220368

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.