Pending
7792 15th Street Westminster, CA 92683
$2,150,000
beds
0 baths
sq ft

Courtesy of Kidder Mathews of California, Inc, Steven Brombal. IDX Contact: 858-509-1200

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David Oronoz

David Oronoz

Principal | Multifamily Investments

DRE# 01838862

Bobby Aschtiani

Bobby Aschtiani

Principal | Multifamily Investments

DRE# 02048373

Chris Pettit

Chris Pettit

Principal | Multifamily Investments

DRE# 01983950

Property Description

First time on the market in 30 years. Prime Westminster location in the rapidly gentrifying “numbered streets”, just one block west of Beach Boulevard. This area boasts newly built single-family homes, condominiums, and smaller apartment buildings in addition to the original single-story ranch-style homes, duplexes, and triplexes on large lots. There is new construction underway just a few parcels over from the subject property which is flanked on both sides by newer construction. Multifamily buildings rarely come available in this area. This property features a completely detached front residence which is two-bedroom, 1.5 bathroom with a large front yard, enclosed fenced side yard, individual washer and dryer hook-ups, and a fireplace. It is a cozy front house with coffered ceilings, and tiled kitchen and bathroom flooring. It has a dedicated open parking space at the front of the home plus a garage space. The rear building consists of four (4) units, with all two-bedroom, one-bathroom floorplans. Unit A is downstairs and completely separate with a private entrance, large wrap-around yard, spacious light and bright interior, granite kitchen counters, two-tone paint, and upgraded bathroom. The master bedroom features a large walk-in closet. Unit A has a garage space and assigned open parking as well. The upstairs units B, C, and D share a large, open, common balcony. Each unit is separately metered for gas and electric; ownership pays for water and trash. There is a downstairs community laundry shared by the four (4) units in the back building. There are five (5) enclosed garages, and at least nine (9) open off-street parking spaces. Call Listing Broker for 7-page Marketing Brochure. This is a Value-Add opportunity. Seller wants closed by 12/31/21!!

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1977

Property Access

  • City Street
  • Paved

Appliances and Equipment

  • Disposal
  • Gas Oven
  • Gas Range

House

  • 1 total stories
  • Built in 1977
  • Stories: 1
  • 4836 total building sqft
  • Bungalow
  • Custom
  • Traditional
  • 1 Common Wall
  • Frame
  • Plaster
  • Stucco
  • One

Community

  • Curbs
  • Storm Drain(s)
  • Suburban

Cooling

  • No cooling

Disclosures

  • Listing Broker Advantage

Expenses

  • Operating Expense: $42,167

Fence

  • Block
  • Wood

Fireplaces

  • Living Room

Floors

  • Carpet
  • Tile

Foundation

  • Slab

Garage

  • 5 garage spaces

Heating

  • Wall Furnace

Income

  • Gross Income: 10515
  • Gross Scheduled Income: 126180
  • Net Operating Income: 79866

Interior Features

  • Coffered Ceiling(s)
  • Walk-In Closet(s)

Laundry

  • Common Area
  • In Kitchen

Listing

  • 14 days on market
  • Listed on 2021-10-11
  • Rent controlled

Location

  • County: Orange
  • Subdivision: Other (OTHR)

Lot

  • 12197 sqft
  • 0.28 acres
  • Area: 12197
  • Front Yard
  • Level
  • Near Public Transit
  • Rectangular Lot

Parking

  • 9 open parking spaces
  • 14 total parking spaces
  • Assigned
  • Concrete
  • Door-Single
  • Driveway
  • Garage
  • On Site
  • Garage Faces Side

Property

  • 2 buildings
  • 5 units
  • Property attached
  • Repairs Cosmetic

Roof

  • Composition
  • Common Roof
  • Mansard
  • Shake

Sewer

  • Public Sewer

Taxes

  • New Taxes: $23,580

Tenant Pays

  • Electricity
  • Gas

Utilities

  • 5 separate electric meters
  • 5 separate gas meters
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

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