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

 

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