8361 15th Street, Westminster CA, 92683

Sold

8361 15th Street

Westminster CA, 92683

$5,960,000

$480.30 per sqft

Sold

12,409 sqft

Residential

Built in 1963

Listed by Randall Mycorn with R L M Equities 949-573-5309

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.

NP22128415

MLSⓇ ID

June 14, 2022

Listed

March 23, 2024

Updated

Map

8361 15th Street
Westminster CA, 92683

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.46 Acres
Lot Features: 2-5 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 60 - Westminster South of Westminster, W of Beach
Days on Market: 34
Garage: No
Parking Total: 0
View: No
County: Orange
Water Source: Public
Pool: No
Pool Features: None
Zoning: R-2
Buyer Agency Compensation: 2%

Listing Contact: 949-573-5309

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:50 AM UTC