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Multifamily

Greenbrier Apartments

4312 Green Ave, Los Alamitos, CA 90720

Listing Price: $5,300,000

Cap Rate
4.15%
Number of Units
14
Price/Unit
$378,571
Price/Gross SF
$273.83
Gross SF
19,355

Investment Overview

The Neema Group & Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire Greenbrier Apartments, a 14-unit multifamily investment opportunity located at 4312 Green Avenue, Los Alamitos, California. The Greenbrier Apartments has strong cashflow at a 4.15% CAP rate on current income with rental upside potential when units turn. Built in 1963, Greenbrier Apartments contains an attractive unit mix consisting of two and three-bedroom units. Situated on a 0.44-acre lot, the property offers amenities including a swimming pool, gated access, garage, tuck-under, uncovered, and carport parking, storage lockers, and on-site laundry. Los Alamitos' median price for a single-family residence has grown to $1,227,460. This represents a 104% increase in Los Alamitos home prices since the 2010 Census. As home ownership remains out of reach for most residents, demand for quality rental housing will remain strong allowing the Properties to capture future rent growth while maintaining high occupancy.

Investment Highlights

  • A 14-unit multifamily investment opportunity located at 4312 Green Avenue, Los Alamitos, California
  • The Greenbrier Apartments has strong cashflow at a 4.15% CAP rate on current income with rental upside potential when units turn
  • Built in 1963, Greenbrier Apartments contains an attractive unit mix consisting of renovated two and three-bedroom units with upgraded cabinets, flooring, and fixtures.
  • Situated on a 0.44-acre lot, the property offers amenities including a swimming pool, gated access, garage, tuck-under, uncovered, and carport parking, storage lockers, and on-site laundry.
  • Los Alamitos' median price for a single-family residence has grown to $1,227,460. This represents a 104% increase in Los Alamitos home prices since the 2010 Census. As home ownership remains out of reach for most residents, demand for quality rental housing will remain strong allowing the Properties to capture future rent growth while maintaining high occupancy.

Exclusively Listed By

Listing Price: $5,300,000

Cap Rate
4.15%
Number of Units
14
Price/Unit
$378,571
Price/Gross SF
$273.83
Gross SF
19,355

Investment Highlights

  • A 14-unit multifamily investment opportunity located at 4312 Green Avenue, Los Alamitos, California
  • The Greenbrier Apartments has strong cashflow at a 4.15% CAP rate on current income with rental upside potential when units turn
  • Built in 1963, Greenbrier Apartments contains an attractive unit mix consisting of renovated two and three-bedroom units with upgraded cabinets, flooring, and fixtures.
  • Situated on a 0.44-acre lot, the property offers amenities including a swimming pool, gated access, garage, tuck-under, uncovered, and carport parking, storage lockers, and on-site laundry.
  • Los Alamitos' median price for a single-family residence has grown to $1,227,460. This represents a 104% increase in Los Alamitos home prices since the 2010 Census. As home ownership remains out of reach for most residents, demand for quality rental housing will remain strong allowing the Properties to capture future rent growth while maintaining high occupancy.

Investment Overview

The Neema Group & Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire Greenbrier Apartments, a 14-unit multifamily investment opportunity located at 4312 Green Avenue, Los Alamitos, California. The Greenbrier Apartments has strong cashflow at a 4.15% CAP rate on current income with rental upside potential when units turn. Built in 1963, Greenbrier Apartments contains an attractive unit mix consisting of two and three-bedroom units. Situated on a 0.44-acre lot, the property offers amenities including a swimming pool, gated access, garage, tuck-under, uncovered, and carport parking, storage lockers, and on-site laundry. Los Alamitos' median price for a single-family residence has grown to $1,227,460. This represents a 104% increase in Los Alamitos home prices since the 2010 Census. As home ownership remains out of reach for most residents, demand for quality rental housing will remain strong allowing the Properties to capture future rent growth while maintaining high occupancy.

Exclusively Listed By

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