$1,950,000
Sold
10622 Walnut Street sold on July 26, 2024 for $1,900,000. The details are below for reference.
10622 Walnut Street, Los Alamitos, CA 90720
- 4,350 sq ft
- Built 1988
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$1,900,000
The home
About 10622 Walnut Street
This exclusive offering is a very rare opportunity to acquire an 80’s construction multifamily investment property in Los Alamitos. Located on the edge of Orange County, the small city boasts convenient proximity to beach cities, major freeways, schools, and outdoor recreation available nearby at the 642-acre El Dorado Park; furthermore, this affluent area has an average household income of over $159,000.
10622 Walnut Street is 4,350-square foot, two-story 1988 construction with a desirable mix of one two-bed/one-bath unit, two two-bed/one-and-one-half-bath townhomes, and one three-bed/two-bath townhome. The units feature spacious floor plans, fireplaces, private patios, and separate gas and electric meters. The three-bedroom townhome has in-unit washer/dryer hookups, the remaining units share on-site laundry, and the property also offers garage and surface parking.
The building has been well-maintained and offers a new investor a substantial 59 percent rental upside and the potential to develop two ADU’s (buyer to verify). As of writing, 10622 Walnut Street is the only multifamily investment property on market in Los Alamitos, making this a truly outstanding value-add acquisition opportunity.
Property details for 10622 Walnut Street
This fourplex sits in Los Alamitos in Orange County. It has 4,350 square feet of living space. The home was built in 1988. The MLS record lists the assessor parcel number as 242-232-29. Highlights include a four-car garage.
Specifications
Home Details
General Features
- Property Type
- Quadruplex
- MLS Number
- PW24118105
- Year Built
- 1988
- Lot Size (sq ft)
- 7,699
- Lot Size (acres)
- 0.1767
- Garage Spaces
- 4
- Parking Spaces
- 8
- Parcel Number
- 24223229
- On Market Date
- 2024-06-10
- Listing Terms
- Standard
Interior Features
- Laundry
- Common Area, See Remarks
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Corner Lot
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 4
Community Features
- Community Features
- Suburban
The record
Property History for 10622 Walnut Street
| Date | Event | Price | Note |
|---|---|---|---|
| Jul 26, 2024 | Sold | $1,900,000 | |
| Jun 19, 2024 | Status changed to Pending | From Active | |
| Jun 10, 2024 | Listed for sale | $1,900,000 |
No prior MLS sales on record for this home since 2012.
Next steps
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Listed by Steven Bogoyevac of Steven M. Bogoyevac, Broker
Listing information updated Jul 26, 2024 at 11:23 AM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.