3671 Howard Ave
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3671 Howard Ave
4 Unit Apartment Building $1,995,000 ($498,750/Unit) 4.01% Cap Rate Los Alamitos, CA 90720
Investment Highlights
- Rare Los Alamitos Location: Centrally located to Seal Beach, 405 & 605 Freeways, Rossmoor, Los Alamitos Hospital, Los Alamitos Race Course, Costco, Na
- Amenities That All Tenants Value: Synergized Outdoor Space, Laundry In-Unit, and Private Parking (Private Parking and 6 Garages)
- True Pride of Ownership Timeless Asset: Built in 1970
- Large Three Bedroom / Two Bathroom Owners Unit with 3 Two Bedroom / Two Bathroom Units
Executive Summary
Marcus & Millichap is pleased to present a 4-unit multifamily property. Built in 1970, the subject property consists of 4,764 rentable square feet spread throughout an 8,909 square foot lot. The building consists of one 3-Bedroom / 2-Bathroom unit and three 2-Bedroom / 1.5-Bathroom units. It contains six garages and private surface spots providing ample onsite parking.
Property Facts
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $498,750 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,764 SF |
| Cap Rate | 4.01% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 2.31/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| Cap Rate | 4.01% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,764 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 2.31/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 3 | $1,995 | - |
| 3+2 | 1 | $3,510 | - |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 222-061-33 | Improvements Assessment | $224,637 |
| Land Assessment | $1,353,757 | Total Assessment | $1,578,394 |
PROPERTY TAXES
Parcel Number
222-061-33
Land Assessment
$1,353,757
Improvements Assessment
$224,637
Total Assessment
$1,578,394
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3671 Howard Ave
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