Local officials gathered with the Los Alamitos Chamber to cut the ribbon on the city’s latest residential housing development, a community of 50 townhomes priced to sell in the mid $600,000 range.
A spokesman for the Chamber announced Friday at its December networking breakfast that seven of the homes had already been sold.
The “Oak Walk” community was developed by the Olson Co. and is located at 3311 Sausalito Street.
A company spokesperson said the community of condos will include three-story townhomes ranging from 1,295 square feet with two bedrooms and 2 ½ baths, to 2,188 square feet with four bedrooms and 3 ½ baths.
Five of the townhomes, including two models, are completed; all of the units are expected to be built by the spring of 2021.
The first phase of 11 homes is nearly completed and construction on another 11 homes is underway, according to the the Seal Beach-based company developing the project.
The buildings are four-plex, five-plex and six-plex, and all of them are three stories tall.
Officials say Oak Walk will be the seventh new home community built in the city by Olson, and it’s the only new home development for Los Alamitos in recent years. The company specializes in residential infill projects.
Olson says it strives to build developments in close proximity to employment centers, mass transit connections, schools and recreation areas. Oak Walk is near the 405, 605 and 22 freeways, making it convenient for commuters, the company said.
