$6,045,000
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0.46 Acres Lot
SOLD DATE : 09/13/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision ,Civic Center
MLS Listing ID NP22128415
Sold Date 09/13/22
HOA Y/N No
Year Built 1963
Lot Size 0.460 Acres
Property Description
The 15th st. Apartments offers an astute investor the opportunity to acquire a Value Add property with over 30% in rental upside. The asset exterior has been extensively renovated, interiors are primed for a full rehabilitation. Situated in the Westminster Civic Center just a block from the City Library and Police department, the complex has an incredible walk score of 86! Conservative market rents put the pro-forma CAP Rate at almost 6%. 15th St. Apartments stands as the lowest priced per unit majority 2 bedroom asset on the market in all of Orange County. Further, the property will be delivered with a BRAND NEW roof and electrical panels.
Location
State CA
County Orange
Area 60 - Westminster South Of Westminster, W Of Beach
Zoning R-2
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 09758128
Energy Description 10598.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Mark Bridge Mark Bridge, Broker
