Five-Unit Townhome and Flat
4302 Howard Avenue Los Alamitos, CA 90720
For Sale
Contact for pricing
Built in 1998, this five-unit multifamily property offers townhome and flat-style residences on a 0.22-acre lot.
Property Size5,611 SF
Lot Size0.22 Acres
Price / SF$481.20
Days on Market67
Property Features for 4302 Howard Avenue
General Information
- Standard status
- Active
- Size
- 5,611 SF
- Lot size
- 0.22 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1998
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3200
Listed By:
Tyler Leeson · License #CA 01451551
Source:
Crexi
Added: May 19
Changed: Jul 23
Last Checked: Jul 24 at 4:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
4302 Howard Avenue is a five-unit multifamily property built in 1998, totaling 5,611 rentable square feet on a 0.22-acre lot. The unit mix includes one 3BR/2.5BA townhome, two 2BR/1.5BA townhomes, one 3BR/2.5BA flat, and one 2BR/2BA flat, providing a blend of townhouse and flat configurations.
Located in Los Alamitos, the property is described as being in the heart of the submarket, where quality product rarely trades. Access is supported by nearby freeway proximity, with the 605, 405, and 22 freeways within a block according to the remarks.
For prospective buyers, a drive-by only approach is requested. The listing materials note that the property should not be walked or disturbed and that the listing agent should be contacted for additional information.
Located in Los Alamitos, the property is described as being in the heart of the submarket, where quality product rarely trades. Access is supported by nearby freeway proximity, with the 605, 405, and 22 freeways within a block according to the remarks.
For prospective buyers, a drive-by only approach is requested. The listing materials note that the property should not be walked or disturbed and that the listing agent should be contacted for additional information.
Key Highlights
- Five‑unit multifamily property built in 1998
- 5,611 rentable SF on a 0.22‑acre lot
- Unit mix includes 1 townhome (3BR/2.5BA) and 2 townhomes (2BR/1.5BA)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.0k | $36.00 |
| − Vacancy | −$7.3k | −$1.30 |
| EGI | $194.7k | $34.70 |
| − OpEx | −$87.6k | −$15.62 |
| NOI | $107.1k | $19.09 |
5,611 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $107,098 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,924 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Built in 1998, this five-unit multifamily property offers townhome and flat-style residences on a 0.22-acre lot.
Where is this apartment building located?
The property is located at 4302 Howard Avenue Los Alamitos, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Five‑unit multifamily property built in 1998; 5,611 rentable SF on a 0.22‑acre lot; Unit mix includes 1 townhome (3BR/2.5BA) and 2 townhomes (2BR/1.5BA)
