Description

Howard Fourplex combines four two- and three-bedroom apartments with seven garage spaces at 3712 Howard Avenue in Los Alamitos. Three residences have two bedrooms and two bathrooms; the fourth has three bedrooms and three bathrooms. The property is marketed as fully occupied, giving buyers an existing four-unit rental operation to evaluate rather than a vacant renovation project.

Constructed in 1977, the two-story building includes common-area laundry and garage parking. The broker reports capital improvements and building-system upgrades. Public property details also identify central heating, public water and sewer, and connected electricity and natural gas. Buyers should review the scope and timing of completed work during inspections.

The location places residents near the shops and restaurants along Los Alamitos Boulevard and Katella Avenue, with Interstate 605 to the west. Howard Avenue sits within an established residential area south of Katella, providing a neighborhood setting close to the city's commercial corridors.

The asking price is $1,995,000, equivalent to $498,750 per apartment. Broker materials report $10,000 in monthly apartment rent before expenses, with garage and laundry income identified separately. The published building area is 4,289 SF, but the OM's individual unit measurements total 4,525 SF; those measurements require reconciliation. Lot-area and operating-income figures also differ between sources. Obtain an updated rent roll, operating statement and confirmed measurements before relying on projected returns or additional development potential.