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10923 Walnut St 3 Unit Apartment Building Offered at $1,700,000 Los Alamitos, CA 90720



Executive Summary
Discover this exceptional multi-family 3-unit, 7-bedroom, 6-bathroom with 3 double garages nestled in the highly sought-after community of Los Alamitos. The thoughtfully designed layout features three distinct units, including a single-family, three-bedroom, two-bath unit and two additional townhouse units, each with two bedrooms and 1.5 bathrooms. Built in 1968, this charming residence is situated on a picturesque 0.16-acre lot and encompasses an impressive 3,039 square feet of rentable living space. The expansive lot, exceeding 7,400 square feet, presents abundant opportunities for outdoor enjoyment, whether it be relaxing on patios, garden spaces, or recreational areas for families. Positioned within a low-density residential neighborhood, this property not only boasts functional unit configurations but also ensures immediate leasing potential with the possibility of increasing income in the thriving Los Alamitos market. Families will appreciate the top-rated schools in the area, while a variety of shops, restaurants, and beautiful beaches in Orange and Los Angeles County lie just a short drive away. This is a rare opportunity to invest in a property that offers not only immediate returns but also the potential for long-term financial growth. Don’t miss the chance to build multigenerational wealth for you and your loved ones in this vibrant and desirable locale!
Property Facts
| Price | $1,700,000 | Property Type | Multifamily |
| Price Per Unit | $566,667 | Building Size | 3,039 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 3 | Year Built | 1968 |
| Price | $1,700,000 |
| Price Per Unit | $566,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,039 SF |
| No. Stories | 2 |
| Year Built | 1968 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 242-201-15 | Improvements Assessment | $184,287 |
| Land Assessment | $127,294 | Total Assessment | $311,581 |
Property Taxes
Parcel Number
242-201-15
Land Assessment
$127,294
Improvements Assessment
$184,287
Total Assessment
$311,581
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10923 Walnut St
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