10861 Walnut St, Los Alamitos, CA 90720

The Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire a 3-unit multifamily property located at 10861 Walnut Street in Los Alamitos, California. Built in 1960 and 1985 on a 0.15-acre parcel, the property consists of two separate buildings totaling 2,734 rentable square feet.

The property features a desirable unit mix of 1 two-bed/one-bath single-story house and 2 two-bed/ two-bath units configured as an up/down duplex. The house includes an attached garage and a spacious private yard, appealing to tenants seeking additional privacy and usable outdoor space, while the duplex units offer efficient layouts with broad rental appeal.

The property benefits from ample on-site parking, including four carport spaces and one single-car garage, supporting tenant convenience in a supply-constrained parking market.

Current rents are below market, presenting a clear opportunity for a new owner to capture rental upside through a comprehensive renovation program.

Overall, the asset offers a low-density residential setting with a functional unit mix, providing both immediate leasing potential and the ability to enhance income in the desirable Los Alamitos market.

*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*