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13800 Milton AvenueWESTMINSTER, CA 92683 0

$4,850,000
Multi-Family
Status: Active
  • Sqft:
  • Lot:1.01 acres
  • MLS#: PW21095883
33.761760711669922-118.02037811279297
Courtesy Of Grant Hahn, DRE#01197893, Morgan Skenderian

Description:

$1,000,000 PRICE REDUCTION. A rare opportunity to acquire a medium sized, “permit ready” entitled multi-residential development opportunity. The proposed 24 unit apartment complex will have a unit mix of (7) 2 bedroom/2 bath units, (7) 2 bedroom/2.5 bath units, (6) 3 bedroom/2.5 bath units, and (4) 3 bedroom/3.5 bath units. All units will be townhouse style with attached garages and direct access from the garage into the units. The property is located within minutes of the 405 and 22 Freeways and is within walking distance to both Finely Elementary and Johnson Middle Schools. The development has been approved by the city council of Westminster and includes four affordable units under the California Density Bonus program. The existing property is comprised of 3 adjacent parcels totaling 44,643 sq.ft. Currently, there is one 3 bedroom home, a 2 bedroom home, a 1 bedroom unit and a studio unit. Monthly income is $7,060 and all tenants are month to month.

Main Features:

Listing Status Active Year Built 2021
Garage 45.0 Floors 1
County ORANGE Rental Price $0
Units 24 Subdivision Other (Othr)

Additional Features:

Common Walls Item1CommonWall
Community Features Curbs
Garage Y
Laundry None
Levels One
Listing Service FullService
Listing Type ExclusiveRightToSell
Lot Description Item2125UnitsAcre
LotOver40000Sqft
New Construction N
Pool None
Sewer PublicSewer
Special Conditions Standard
Terms Cash
CashtoNewLoan
Water Public
Year Built Source Other

Extra Features:

Annual Trash Expense 0 Building Square Feet 31426
CDOM 146 DOM 146
Gross Income 808500 Gross Scheduled Income 808500
Insurance Expense 0 Listing Key 518820247
Net Operating Income 546926 Number of Buildings 3
Operating Expense 237319 Parcel Number 20331113

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 10/16/2021 12:36:49 PM

13800 Milton Avenue, WESTMINSTER, CA 92683

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 10/16/2021 12:36:49 PM

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