4166 Green Avenue

Los Alamitos, CA 90720

$2,525,000
Last Sold Price
9
Beds
8
Baths
5,792 Sq. Ft.
$436 / Sq. Ft.
5,792
Sq. Ft.
$436
per Sq. Ft.

Description

The Green Avenue Apartment Homes are located in the desirable City of Los Alamitos, CA. Built in 1962, this property provides a rare investment opportunity in the highly sought-after Los Alamitos rental market within the greater Orange County area. The subject property offers an attractive unit mix comprised of (1) large five-bedroom/ two and one-half bathroom house with large yard, (1) two-bedroom/ one-bathroom cottage, and (4) two-bedroom/ one-bathroom units totaling 5,792 square feet, situated...The Green Avenue Apartment Homes are located in the desirable City of Los Alamitos, CA. Built in 1962, this property provides a rare investment opportunity in the highly sought-after Los Alamitos rental market within the greater Orange County area. The subject property offers an attractive unit mix comprised of (1) large five-bedroom/ two and one-half bathroom house with large yard, (1) two-bedroom/ one-bathroom cottage, and (4) two-bedroom/ one-bathroom units totaling 5,792 square feet, situated over a large 18,980 square foot lot. Some amenities include: large yards, gated access, ample on-site parking (14 spaces and enclosed garage), washer/dryer hookups, private patios, and a spacious courtyard. This property is centrally located between both Orange and Los Angeles Counties and close to schools, entertainment, retail, employment, and freeways. It is also located within the Los Alamitos Unified School District, which offers eight National Blue Ribbon schools (highly sought after by tenants). This offering provides a rare opportunity for an investor to acquire a stabilized, pride of ownership asset in the desirable Los Alamitos market.
  1. Listed by Greg Bassirpou • DRE #01365951 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest

Property Details for 4166 Green Avenue

Parking Spaces Total
16
Private Pool
No
Total Units
6.0
Building Type
Detached
Living Area
5792
Assessor Parcel Number
222-051-11
Property Attached YN
false
Common Walls
No Common Walls

Location

Listing Courtesy of Marcus & Millichap RE Invest, Greg Bassirpou, DRE #01365951

Sold By Remax Commercial and Investment Realty, Benjamin J. Hsiang, DRE #01438644

Add your commute
LISTING UPDATED: 06/24/2021 07:02 AM

Property Details for 4166 Green Avenue

StatusClosed
MLS #OC20216141
Days on Market136
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.44 AC / 18,980 SF
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Greg Bassirpou, DRE #01365951

Sold By Remax Commercial and Investment Realty, Benjamin J. Hsiang, DRE #01438644

Add your commute

Building Information for 4166 Green Avenue

Stories1Residences-Year Built1962Building Size-Lot Size0.44 AC / 18,980 SF

Payment Calculator

$15,202 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,780

Property Taxes

$1,422

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4166 Green Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $151,200
  • Gross Scheduled Income: $151,200
  • Vacancy Allowance: 3024
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $102,600
  • Gross Multiplier: 16.96
  • Cap Rate: 4.0
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $45,500
  • New Taxes Expense: $30,711
  • Fuel Expense: $1,333
  • Insurance Expense: $2,836
  • Professional Management Expense: $0
  • Trash Expense: $1,334
  • Water Sewer Expense: $1,333
  • Total Expenses: $45,500
Tax / Assessment Info
  • Tax Tract Number: 740
  • Tax Census Tract: 1100.14
  • Tax Lot: 290
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 22205112
  • Lot Features: Front Yard, Landscaped, Near Public Transit
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 14
  • Open Other Spaces Total: 14
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,200
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 4400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $6,200
  • Unit Type Total Rent: $6,200
  • Unit Type Pro Forma: 7800
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2

Property History for 4166 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 4166 Green Avenue

Taxable ValueLand$936,360Additions$468,180Total$1,404,540
Tax Record2023$17,062 ($1,422 / month)
Home Facts
Total Finished SqFt1,339 SqFtAbove Grade Finished SqFt1,339 SqFtStories1Lot Size18,976 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyORANGEAPN222-051-11

Schools near 4166 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

Los Alamitos Elementary School
PublicK to 5

Sharon Christa Mcauliffe 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 Marcus & Millichap RE Invest, Greg Bassirpou, DRE #01365951

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.