$2,100,000
$1,979,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 06/30/2021
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID OC21117718
Sold Date 06/30/21
Construction Status Updated/Remodeled,Termite Clearance
HOA Y/N No
Year Built 1993
Lot Size 10,890 Sqft
Property Description
First time ever on the market and offered for sale by the original developer and current owner. Rare 1993 custom constructed 4-units in the prime, and completely regentrifying “Numbered Streets” area of Westminster. There are several newer constructed 4-plexes in the location, but it is seldom that they ever come available. Exceptional unit mix consisting of all spacious townhome style residences. There are two 2-bedroom, 2.5 bath units – designed like dual mater suites which are approximately 1,060 square feet each; and two 3-bedroom, 2.5 bath units which are approximately 1238 square feet and 1462 square feet respectively. Each unit has private yard, double enclosed attached – direct access garages with garage door opener. Each unit has washer and dryer hook-ups, forced air heat and central air conditioning. The exterior has been recently painted with all termite wood replacement completed as well. This long-term owner developer has taken exceptionally good care of the property; the rear large 3-bedroom townhome has recently vacated with a substantial remodel accomplished. The average unit size is ~1,205. All units are separately metered for gas and electric, the owner pays water, trash service and outside lights. There is a concrete driveway/motor court, automatic sprinklers, and block wall surrounding on the perimeter of the exceptionally large approximately 11,000 square foot lot. All residents are month to month occupancy and rental increases are available to be levied by any new ownership. With interest rates at their historical low levels, financing options of 65% down, non-owner-occupied rates under 3.5%. The price per square foot is far below comparable sales as this translates into an exceptional value. Residents of 15th Street enjoy close access to the San Diego Freeway (i-405) and the Garden Grove Freeway (SR 22), with easy access to I-5, I-110, I-605, and I-710, which connects the property to all of Orange County as well as the greater Los Angeles MSA.
Location
State CA
County Orange
Area 60 - Westminster South Of Westminster, W Of Beach
Interior
Interior Features All Bedrooms Up
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Oven, Gas Range, Microwave, Range Hood, Water Heater
Laundry In Garage, See Remarks
Exterior
Exterior Feature Lighting
Parking Features Concrete, Direct Access, Driveway Level, Door-Single, Garage, Garage Door Opener, Guest, Garage Faces Side
Garage Spaces 8.0
Garage Description 8.0
Fence Block
Pool None
Community Features Biking, Curbs, Gutter(s), Suburban
Utilities Available Electricity Connected, Natural Gas Connected
View Y/N No
View None
Roof Type Composition,Shingle
Total Parking Spaces 10
Private Pool No
Building
Lot Description Back Yard, Front Yard, Greenbelt, Sprinklers In Rear, Sprinklers In Front, Landscaped, Level, Near Public Transit, Rectangular Lot, Sprinklers Timer, Sprinkler System
Story 1
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Custom
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Termite Clearance
Others
Senior Community No
Tax ID 09634116
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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