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Julian Park

julian@getrealvalley.com +1(818) 390-3265

$ 1,650,000

Est. payment -/mo

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Active Under Contract

7883 16th ST Westminster, CA 92683

3,240 SqFt

UPDATED:

10/05/2024 06:27 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,240 sqft

Price per Sqft $509

Subdivision ,Other

MLS Listing ID OC24199139

HOA Y/N No

Year Built 1962

Lot Size 0.254 Acres

Acres 0.2536

Property Description

Discover 7883 16th Street, a versatile four-plex in Westminster, California, ideal for investors seeking rental income and zoned for mixed use development potential. This property features a standalone two-bedroom, one-bath house (built in 1927) and a duplex with two units (built in 1962), one offering two bedrooms and one bath and the other offering three bedrooms and one bath. Additionally, there is a two-bedroom, one-bath unit (built in 1962) located above the garage. Roof replacements for the duplex and front house were completed in 2020. The three bedroom owner occupied unit features a garage converted into a third bedroom, formal dining, custom-tiled shower, and a kitchen with in-unit laundry. Central to shopping, schools and entertainment with easy transport access. Three of the units are rented to long-term tenants, ensuring stable occupancy and consistent income. Viewings are drive-by only; please do not disturb tenants or the owner. Offers are to be made subject to interior inspection, presenting a great opportunity for immediate returns and future expansions. The property is located in a Mixed-Use 40 Units/Acre (MU40) district. The MU40 district is intended to provide for a mix of compatible residential and nonresidential uses with densities up to 40 units per acre. Reach out to the City of Westminster Planning and Zoning to verify all information.

Location

State CA

County Orange

Area 60 - Westminster South Of Westminster, W Of Beach

Rooms

Ensuite Laundry Inside, In Garage

Interior

Laundry Location Inside,In Garage

Heating Wall Furnace

Flooring Carpet

Fireplaces Type None

Fireplace No

Laundry Inside, In Garage

Exterior

Garage Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Roof Type Composition,Flat

Parking Type Garage

Total Parking Spaces 4

Private Pool No

Building

Lot Description Sprinkler System

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 09633224

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Craig Ratowsky • Compass

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

Julian Park

7883 16th ST Westminster, CA 92683

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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7883 16th ST