Great Location in Westminster, just off Beach Blvd. A massive lot of property for potential development. A duplex in front, 984 sqft, has two bedrooms and one bath; Unit #1 downstairs has a two-car garage attached; Unit #2 upstairs has a one-car garage; Laundry hook-up inside each unit. Unit#3 is a three-bedroom and two-bathroom house, 1984 sqft, with its laundry hook-up and two-car garage attached with an unpermitted studio behind it. Each unit has its electric and gas meter. The property is zoned R4, Multi Family Dwelling. The prime location is near shopping, entertainment, and restaurants: Bella Tera, Costco, Rodeo 39; excess 405, 22 Fwy, and 15 minutes from the beach! Viewing is a drive-by only; please do not disturb the tenants. Offers are to be made subject to interior inspection.
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!
Courtesy: RE/MAX Diamond
Courtesy: Pacific One Real Estate
Westminster is located in California. Westminster, California has a population of 91,267. Westminster is less family-centric than the surrounding county with 33.79% of the households containing married families with children. The county average for households married with children is 34.78%.
The median household income in Westminster, California is $71,108. The median household income for the surrounding county is $100,485 compared to the national median of $69,021. The median age of people living in Westminster is 40.8 years.
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 46.2 degrees. The average rainfall is approximately 13.6 inches per year, with 0 inches of snow per year.
