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Howard Fourplex 3712 Howard Ave 4 Unit Apartment Building $1,995,000 ($498,750/Unit) 4.14% Cap Rate Los Alamitos, CA 90720
Investment Highlights
- Large 2 and 3 Bedroom Units
- Great Location
- Ample Parking - 7 Garages
- ADU Potential
Executive Summary
Opportunity to purchase a well-maintained fourplex in a highly desirable Los Alamitos location. This building has had numerous Cap Ex and Systems upgrades, providing a new owner the ability to step right into a smoothly operating building. There is also upside via ADU's in the rear. The building is comprised of large units, including three 2 bed/2 bath units and one 3 bed/3 bath unit, making them always easy to rent. Rents have room to be increased further, especially with continued interior modernizations.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $498,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.14% | Building Size | 4,289 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.92 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1977 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Multi-Family Residential Zoning | ||
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| Cap Rate | 4.14% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 15.92 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,289 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R-3 - Multi-Family Residential Zoning |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 222-062-06 | Total Assessment | $640,943 |
| Land Assessment | $275,265 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $365,678 | Tax Year | 2025 |
Property Taxes
Parcel Number
222-062-06
Land Assessment
$275,265
Improvements Assessment
$365,678
Total Assessment
$640,943
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Howard Fourplex | 3712 Howard Ave