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!
Property Details
Price:
$1,899,000
MLS #:
PW24198214
Status:
Active
Baths:
0
Address:
14260 Village Way
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
59westminsternorthof405westminster
City:
Westminster
Listed Date:
Sep 24, 2024
State:
CA
ZIP:
92683
Lot Size:
108,900 sqft / 2.50 acres (approx)
Year Built:
1962
See this Listing
Mortgage Calculator
Schools
Interior
Heating
Central
Exterior
Association Amenities
Maintenance Grounds, Trash, Security, Other
Community Features
Sidewalks, Street Lights
Garage Spaces
0.00
Lot Features
Lawn
Parking Features
Assigned
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
900.00
Tenant Pays
Electricity, Gas
Map
Community
- Address14260 Village Way Westminster CA
- Area59 – Westminster North of 405 & Westminster
- CityWestminster
- CountyOrange
- Zip Code92683
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Courtesy of RE/MAX Diamond. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
14260 Village Way
Westminster, CA
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