Homes for sale - 14231 Springdale ST, Westminster, CA 92683

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$5,950,000

Est. payment - /mo

0.97 Acres Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID OC25107216

HOA Y/N No

Year Built 1960

Lot Size 0.970 Acres

Property Sub-Type Apartment

Property Description

14200 & 14231 Springdale Street is a 14-unit, value-add multifamily investment opportunity located in Westminster, CA. Located on the border of Westminster & Huntington Beach, 14200 & 14231 Springdale Street is uniquely placed in-close proximity of the area's top destinations and major employment hubs including Little Saigon, Huntington Harbour, Westminster Mall, & Bella Terra, all of which are situated within 3 miles of the property. Furthermore, the property's proximity to Interstate 405 and State Route 22 provides residents with convenient access throughout Southern California. 14231 Springdale Street offers an attractive mix of 11, one-bedroom units, 2, two-bedroom units, & 1, three-bedroom unit on a 0.42-acre parcel while 14200 Springdale Street features no improvements on a spacious 0.55-acre parcel. There are a plethora of scenarios for new ownership to increase total unit count, such as converting the existing garage structure into accessory dwelling units (ADUs) and constructing a new 13-unit multifamily structure on the vacant parcel (14200), both of which could potentially increase cashflow significantly. Currently, the property features desirable amenities including a spacious front yard, an on-site laundry facility, and ample garage and surface parking spaces. In summary, the property's fantastic location, on the border of Huntington Beach & Westminster, offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, 14200 & 14231 Springdale Street represents an attractive opportunity for a new owner seeking well-located units.

Location

State CA

County Orange

Area 60 - Westminster South Of Westminster, W Of Beach

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 12.0

Garage Description 12.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 27

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 19514207

Energy Description 2607.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Tyler Leeson Marcus & Millichap RE Invest tleeson@marcusmillichap.com

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

14231 Springdale ST Westminster, CA 92683