4342 Green Avenue

Los Alamitos, CA 90720

$7,950,000
Price
5
Beds
25
Baths
17,779 Sq. Ft.
$447 / Sq. Ft.
17,779
Sq. Ft.
$447
per Sq. Ft.

Description

RARE INVESTMENT PROPERTY in a great location! This 21-unit Los Alamitos apartment complex offers (4) two-bedroom/two-bathroom, (8) one-bedroom/one-bathroom, and (9) two-bedroom/one-bathroom units below market value. The property is being sold fully leased, with a substantial 55% rental upside, in an area of Orange County with strong rental demand. The property features desirable amenities including a gated community pool, shared laundry room, and 31 garage spaces. Many recent improvements, including...RARE INVESTMENT PROPERTY in a great location! This 21-unit Los Alamitos apartment complex offers (4) two-bedroom/two-bathroom, (8) one-bedroom/one-bathroom, and (9) two-bedroom/one-bathroom units below market value. The property is being sold fully leased, with a substantial 55% rental upside, in an area of Orange County with strong rental demand. The property features desirable amenities including a gated community pool, shared laundry room, and 31 garage spaces. Many recent improvements, including ALL interior & exterior electrical panels upgraded to meet the newest Insurance requirements. Convenient to the coastal amenities of Orange County; Los Angeles County; the Port of Long Beach; LAX, John Wayne & Long Beach Airports
  1. Listed by Brian Gorman • DRE #01156844 • Brokerage DRE #01030870 • RE/MAX College Park Realty • 562-668-2390
  2. Listed by Brigitte Schroeder • DRE #01705827 • Brokerage DRE #00546246 • MJC Realty

Property Details for 4342 Green Avenue

View
None
Parking Spaces Total
31
Private Pool
No
Cooling Type
Wall/Window
Total Units
21.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
17779
LISTING UPDATED: 03/19/2025 12:12 PM

Property Details for 4342 Green Avenue

StatusActive
MLS #PW25057373
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyOrange County

Building Information for 4342 Green Avenue

Building/Complex4342 Green AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1963Building Size-

Property Information for 4342 Green Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $380,120
  • Gross Scheduled Income: $380,120
  • Vacancy Allowance: 0
  • Net Operating Income: $263,946
  • Garage Income: $0
  • Cap Rate: 3.32
Expense Details
  • Operating Expense: $116,174
  • Fuel Expense: $0
  • Insurance Expense: $17,000
  • Professional Management Expense: $22,800
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $116,174
Tax / Assessment Info
  • Tax Tract Number: 740
  • Tax Census Tract: 1100.14
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 307
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, See Remarks
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Entry Location: front
  • View Description: None
  • Pool Features: Community, See Remarks
  • Pool Description: Other
  • Pool: Community/Common
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Lot 20000-39999 Sqft
  • Number Of Units: 21
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 31
  • Parking: Yes
  • Parking Garage Spaces: 31
  • Carport Spaces: 0
  • Parking Features: See Remarks
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 9
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 21
  • Number With Range: 21
  • Number With Disposal: 21
  • Number Wall AC: 21

Property History for 4342 Green 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 4342 Green Avenue

Taxable ValueLand$147,094Additions$479,469Total$626,563
Tax Record2024$18,440 ($1,537 / month)
Home Facts
Total Finished SqFt17,779 SqFtAbove Grade Finished SqFt17,779 SqFtLot Size28,470 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyORANGEAPN222-131-09

Schools near 4342 Green 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

Sharon Christa Mcauliffe 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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4342 Green Avenue is a multi-family home for sale in Los Alamitos, CA 90720. This property was listed for sale on March 15, 2025 by RE/MAX College Park Realty, it's currently listed at $7,950,000. This listing's school district is Los Alamitos Unified School District. Nearby schools include Jack L. Weaver Elementary School, Los Alamitos Elementary School and Sharon Christa Mcauliffe Middle School. 4342 Green Avenue is a 5-bed, 25-bath, 17,779 sqft multi-family home built in 1963.

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 RE/MAX College Park Realty, Brian Gorman, DRE #01156844; MJC Realty, Brigitte Schroeder, DRE #01705827

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.