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10861 Walnut St
Los Alamitos, CA 90720 Los Alamitos

$1,700,000 USD

Apartments For Sale  •  2,734 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,734 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 2.42 %
30 Transit Score
60 Walk Score

Highlights

3-unit multifamily property consisting of two separate buildings totaling 2,734 rentable square feet on a 0.15-acre parcel
Unit mix includes 1 two-bed/one-bath single-story house and 2 two-bed/two-bath units configured as an up/down duplex
Front house features an attached garage and a spacious private yard, appealing to tenants seeking additional privacy and outdoor space
Ample on-site parking including 4 carport spaces and 1 single-car garage
Current rents below market with potential to increase income through a comprehensive renovation program
One vacant unit provides immediate opportunity to achieve market rents without tenant displacement

Financial Summary (Actual)

Net Operating Income: $41,142 USD (2026)
Cap Rate: 2.42 %
Total Expenses: $31,026 USD

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 10 min - 6.6 mi
John Wayne/Orange County 23 min - 17.2 mi
Los Angeles International 34 min - 25.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Covered
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap