4111 Green Ave
Los Alamitos, CA 90720
Green Street Apartments · Multifamily Property For Sale · 20 Units

The Green St. Apartments is comprised of spacious two, three & four bedroom units. The property has recently been thoroughly renovated including new bathrooms, kitchens, cabinets, granite counter tops, new flooring, fixtures & appliances as well as new modern exterior and landscaping. Each of the units has individual water heaters, dishwashers, abundant storage and most of the bedrooms have large walk-in closets. There is approximately 9.8% upside in rental income simply by raising rents to the same amount of recently rented units. The city of Los Alamitos is a peaceful, tree-lined residential area that boosts a very energetic community, conveniently located at the junction of the 605, 405, and 22 Freeways in northwest Orange County. The city is also within close proximity to the Long Beach Airport, the John Wayne/Orange County Airport, and Los Angeles International Airport. The Los Alamitos School District is recognized as one of the top school districts in the state and has won several national and state awards including the National Blue Ribbon Schools of Excellence from the United States Department of Education, and California Distinguished Schools Award from California Department of Education. Due to small town charm and excellent schools, Los Alamitos is a very desirable community in which to reside which has helped Los Alamitos to maintain high occupancies. According to the 2010 U.S. census, 51.8% of the cities residents lived in rental units.