Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3761 Green Avenue, a 4-unit multifamily investment opportunity located in Los Alamitos, California.
The 5,145 square foot property consists of spacious two- and three-bedroom floor plans and offers amenities including private patios/balconies (select units), on-site laundry, and garage parking. Unit A, the three-bedroom townhome, features upgrades including new carpet, laminate flooring, painting, a stove top range, window coverings, wall AC, updated bathrooms, and more in 2018.
The average household income in Los Alamitos is projected to grow approximately 14.2 percent by 2022 and the vacancy rate within a one mile radius of the subject property is just 0.45 percent. In addition, 3761 Green Avenue is located within walking distance of three of Los Alamitos’ top employers, driving the strong demand for quality housing.
Given the fantastic location and recent upgrades, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of employers, retailers, schools, and parks. This overall demand for well-located apartments will be a key driver in the continued growth at 3761 Green Avenue.
