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7881 14th Street, Westminster, CA 92683

35,035 SqFt Lot

$6,068,000
MLS# NP16027973
7881 14th Street Westminster, CA 92683 photo 1
$6,068,000
Status: Closed Sale
MLS# NP16027973

7881 14th Street,
Westminster, CA 92683

35,035 SqFt Lot

Listing Description for 7881 14th Street

First time ever on market. Custom designed and built in 1989, 16 units featuring all townhouse style units - each with double enclosed attached garages with direct interior access, granite counters, stainless appliances, laminate wood flooring, central air and heat, individual private laundry for each, new sectional roll up doors with GDO, new exterior paint, termite clearances, and 7 year no-leak roof guarantee. (13) of (16) unit interiors have been upgraded with incredible detail. Call listing broker for list of recent improvements. Average unit size is 1205 sq feet. Each building is identical featuring (1) 3bed/2.5bath 1462 sq ft, (2) 2bed/1.5 bath 1060 sq ft, (1) 3bed/2 .5bath 1238 sq ft units. Separate parcels support individual 30 year fixed rate loans if desired. It is rare to attain a 4.89% yield going forward on 1989 construction and buildings with these amenities. This is a very unique opportunity to acquire 16 custom built units with every amenity including (4) separate parcels giving the investor exit strategy flexibility not easily duplicated in other opportunities. This is a must see property.

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Sold on 2016-05-01 00:00:00
If you would like more information about properties for sale in Westminster, or are interested in touring the listing at 7881 14th Street, feel free to contact us. A LivingSoCal Realtor specializing in Westminster will respond promptly to your inquiry.

Listing Details for 7881 14th Street:

Key Facts

Sale Price: $6,068,000
Property Type: Residential Income
Status:Closed Sale
Days on Market:36
Lot Size:35,035 SqFt
Year Built:1989

Location

Area: 60 - Westminster South of Westminster, W of Beach
Builder Tract:

Features

Fireplace: Living Room
Location: Lot 20000-39999 Sqft, Lot-Level/Flat
Plumbing: Sewer Connected, Sewer In Street
Floors: Wall-To-Wall Carpet, Wood Laminate
Cooling: Central
Parking Spaces: 24
Heating: Central Furnace
Pool: None
View: None
Spa: None
Interior Misc: Copper Plumbing Full, Granite Counters, Low Flow Toilet(s)
Closing Date: 2016-05-01 00:00:00
Roof: Composition, Shingle
Exterior Construction: Frame, Stucco

Legal Conditions

Special Conditions:Standard

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Listing courtesy of Berkadia Real Estate Advisors, Steven Brombal (Newport);

If you would like more information on MLS Listing NP16027973 for 7881 14th Street, Westminster, CA 92683, please feel free to contact us. A LivingSoCal Realtor in Westminster will be happy to answer any questions about this Residential Income property and assist you in scheduling a private showing.

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