Sold
Closed
7883 16th Street
Westminster CA, 92683
$1,650,000
$509.26 per sqft
Sold
Closed
3,240 sqft
Multi-family
Built in 1962
Listed by Craig Ratowsky with Compass 714-318-5382
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.
OC24199139
MLSⓇ ID
September 25, 2024
Listed
November 15, 2024
Updated
Map
7883 16th Street
Westminster CA, 92683
Interior Features
Total Stories
2
Laundry Description
Inside, In Garage
Floor Description
Carpet
Fireplace
No
Fireplace Description
None
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
Sprinkler System
Roof
Composition, Flat
Sewer
Public Sewer
Other Property Details
Area Name
60 - Westminster South of Westminster, W of Beach
Days on Market
9
Garage
Yes
Garage Spaces
4
Parking
Garage
Parking Total
4
View
No
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
11/15/2024 | Sold | $1,650,000 |
10/5/2024 | Under contract | — |
Listing Contact: 714-406-2880
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/15/2024. 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 11/15/2024 at 2:11 AM UTC