4191 Farquhar Avenue

Los Alamitos, CA 90720

$2,000,000
Price
9
Beds
8
Baths
3,596 Sq. Ft.
$556 / Sq. Ft.
3,596
Sq. Ft.
$556
per Sq. Ft.

Description

Welcome to 4191 Farquhar, a rare opportunity to purchase a well maintained quadplex, with 3 out of 4 units being delivered vacant. Take advantage of receiving fair market rents for all 4 units while enjoying the flexibility to select the majority of your tenants! Located in the award-winning Los Alamitos school district and in close proximity to restaurants and shops, properties within this area retain low vacancy rates, with most tenants being long term renters. The property has an ideal setup with...Welcome to 4191 Farquhar, a rare opportunity to purchase a well maintained quadplex, with 3 out of 4 units being delivered vacant. Take advantage of receiving fair market rents for all 4 units while enjoying the flexibility to select the majority of your tenants! Located in the award-winning Los Alamitos school district and in close proximity to restaurants and shops, properties within this area retain low vacancy rates, with most tenants being long term renters. The property has an ideal setup with the front house consisting of 3 beds and 1.5 baths and a triplex that is detached from the front house consisting of (3) 2 bed 2 bath units. Units 4195 and 4197, located upstairs, along with the front house (4191), will be delivered vacant. All units offer ample parking with each 2 bed, 2 bath unit coming with its own 1-car garage and tandem parking spaces. The 2 bed 2 bath units also include desirable features such as primary en-suite bedrooms, walk-in closets, private patios, spacious floor plans, and convenient on site laundry. The front unit has been upgraded with laminate flooring, kitchen quartz countertops, and upgraded cabinetry. Being located across the Joint Forces Training Base, there are no neighbors directly across from you, making street parking ample. Electricity and gas are individually metered, enabling tenants to pay their own utilities. With California state laws making it increasingly challenging to evict tenants paying below-market rents, take advantage of this unique opportunity and make 4191 Farquhar your next great investment property or better yet, home!
  1. Listed by Maxwell Thurman • DRE #02038853 • Brokerage DRE #01886242 • T.N.G. Real Estate Consultants • 714-814-9644
  2. Listed by Mackenzie Grisetti • DRE #02162051 • Brokerage DRE #01886242 • T.N.G. Real Estate Consultants

Property Details for 4191 Farquhar Avenue

Parking Spaces Total
13
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3596
Assessor Parcel Number
222-052-31
LISTING UPDATED: 03/03/2025 02:36 AM

Property Details for 4191 Farquhar Avenue

StatusPending
MLS #PW24250785
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size0.21 AC / 9,361 SF
CountyOrange County

Building Information for 4191 Farquhar Avenue

Stories2Residences-Year Built1977Building Size-Lot Size0.21 AC / 9,361 SF

Property Information for 4191 Farquhar Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $135,000
  • Vacancy Allowance: 4000
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $131,000
  • Net Operating Income: $82,950
  • Gross Multiplier: 14.81
  • Cap Rate: 4.14
Expense Details
  • Operating Expense: $48,050
  • Operating Expense Percent: 36.70%
  • New Taxes Expense: $27,000
  • Gardener Expense: $1,800
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $5,500
  • Maintenance Expense: $2,200
  • Professional Management Expense: $6,750
  • Trash Expense: $0
  • Water Sewer Expense: $4,800
  • Total Expenses: $48,050
Tax / Assessment Info
  • Tax Tract Number: 740
  • Tax Census Tract: 110014
  • CFD/Mello-Roos Fee: $1,832
  • Tax Lot: 446
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Cooktop, Refrigerator
  • Equipment: Community, Dishwasher, Dryer, Dryer Included, Inside, Refrigerator, Washer, Washer Included
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Inside, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: 0
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: Above Ground
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Direction Faces: South
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Garage, Garage - 1 Car
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage, Garage - Single Door, Tandem Uncovered
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $2,650
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2550
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2550
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 4
  • Number With Dishwasher: 4
  • Number With Refrigerator: 1

Property History for 4191 Farquhar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4191 Farquhar Avenue

Taxable ValueLand$63,851Additions$207,877Total$271,728
Tax Record2024$4,879 ($407 / month)
Home Facts
Total Finished SqFt2,790 SqFtAbove Grade Finished SqFt2,790 SqFtStories2Lot Size9,361 SqFtStyleMulti-Family Dwelling (2-4)Year Built1977CountyORANGEAPN222-052-31

Schools near 4191 Farquhar Avenue

This home is within Los Alamitos Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Jack L. Weaver Elementary School
PublicK to 5

Los Alamitos Elementary School
PublicK to 5

Oak Middle School
Public6 to 8

Los Alamitos High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of T.N.G. Real Estate Consultants, Maxwell Thurman, DRE #02038853; T.N.G. Real Estate Consultants, Mackenzie Grisetti, DRE #02162051

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.