HomeSmart Realty West
Listed by HomeSmart Realty West
$1,449,000
216 Esperanza
Details
APN 7265012024
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 3.95%
Buildings 2
Acreage 0.076
Zoning Assessor
Multifamily | 3.95% CAP | 4 Units
Marketing description
Very well maintained, upgraded, and spacious (3816 sq. ft) (4) l bedroom units (approx. 950 sq. ft. ea.) located in the heart of the Alamitos Beach, a very desirable residential neighborhood---LOCATION/LOCATION/LOCATION !!!.....These 4 units are 2 blocks from the beach and adjacent to Bluff Park with a very high walk score.....abundant shopping/restaurants/bars/ & BEACH within EZ 5-15 minute walk. Public transportation on the corner.....E. BROADWAY. Again, a few blocks away is The EAST VILLAGE ARTS DISTRICT with historic Art Deco architecture and a mix of artists lofts, mid-century furniture stores, and sidewalk cafes like The Breakfast Bar, Berlin Bistro & others....a delightful area to enjoy eclectic food choices and good drinks. Retro Row along East 4th St. is another wonderful area....again, just a few blocks away....a large choice of restaurants/bars and great shopping opportunities with new and used merchandise offered from a variety of independently owned small establishments.....A GREAT AREA TO VISIT. The 4 unit actual rents are shown reflecting long term residents....projected numbers used for the analysis to see the fairly short term projections for a financially prudent investment property. In seller's family for almost 50 years....!!! It is a keeper property.......you will enjoy owning it!!!!
Listing Contacts
HomeSmart Realty West
Listed by HomeSmart Realty West
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Zoning
R-4-R ResidentialMulti FamilyModerate Density Multiple Residential
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View all 48 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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