Active
14260 Village WAY Unit: 23
WESTMINSTER CA, 92683
$1,899,000
$399.12 per sqft
Active
8 Beds
8 Baths
4,758 sqft
Multi-family
Built in 1962
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!
PW24198214MR
MLSⓇ ID
September 24, 2024
Listed
November 24, 2024
Updated
Map
14260 Village WAY Unit: 23
WESTMINSTER CA, 92683
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
8
Laundry Description
Community, Inside, Laundry Area, Other
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
2.5 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Westminster North of 405 & Westminster
Days on Market
61
Association Fee
$900
Association Fee Frequency
Monthly
Association Amenities
Other, Security
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% |
Listed by Joseph Lee with RE/MAX Diamond
Listing Contact: 714-886-7571
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/24/2024