Active
14260 Village Way 23
Westminster CA, 92683
$1,899,000
$399.12 per sqft
Active
4,758 sqft
Multi-family
Built in 1962
Listed by Joseph Lee with RE/MAX Diamond 714-886-7571
Exceptional Investment Opportunity in Westminster! Welcome to this remarkable 4-unit property nestled in the highly sought-after city of Westminster! With its great curb appeal and prime location, this investment offers tremendous rental potential. Each unit features assigned parking, ensuring convenience for your tenants. Spanning approximately 1,267 square feet per unit, each two-story unit includes 2 bedrooms and 1.5 baths. Enjoy your own private garden patio, perfect for relaxation and outdoor activities. The main level boasts an open floor plan with a spacious living room that provides access to the patio, a cozy breakfast nook, a functional kitchen, half bath and convenient indoor laundry hookups. Upstairs, you'll find two generously sized bedrooms, including a primary room with a walk-in closet and direct access to a full bath. This property represents a true gem with substantial upside rental potential, as current rents are below market value. You have the opportunity to live in one unit while renting out the others, enhancing your financial benefits. The condition of the units varies, with one fully remodeled, one semi-remodeled, and two in standard condition, ready for your personal touch. The HOA provides significant benefits, covering trash, common area water, maintenance, and insurance, while also maintaining the exterior, including the roof. Each unit has separate water, electric, and gas meters, and the current landlord pays for the gas and electricity for the water heaters. Centrally located near shopping, great schools, parks, grocery stores, dining, and entertainment, this property offers easy access to the 405 and 22 freeways. It has a strong history of long-term tenants, enrolled in the Section 8 program, who are eager to extend their leases. Don't miss this once-in-a-lifetime opportunity! This property won't last long, act now to secure your investment in Westminster today!
PW24198214
MLSⓇ ID
September 24, 2024
Listed
December 5, 2024
Updated
Map
14260 Village Way 23
Westminster CA, 92683
Interior Features
Total Stories
2
Interior Features
All Bedrooms Up
Laundry Description
Common Area, Inside, See Remarks
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
2.5 Acres
Lot Features
Lawn
Sewer
Public Sewer
Other Property Details
Area Name
59 - Westminster North of 405 & Westminster
Days on Market
71
Association Fee
$900
Association Fee Frequency
Monthly
Association Amenities
Maintenance Grounds, Other, Security, Trash
Garage
No
Parking
Assigned
Parking Total
0
View
No
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
11/24/2024 | Price change | $1,899,000 -6% |
Listing Contact: 714-367-1300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 5:01 AM UTC