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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 5:01 AM UTC

 

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