10861 Walnut Street is a 3-unit multifamily property located 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.

Based on information submitted to CRMLS as of May 20, 2026 10:51 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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