7161 Main Street, Westminster, California 92683, Westminster, - bed, bath

home-pic
ACTIVE$1,500,000
7161 Main Street, Westminster, California 92683
7Beds
3Baths
2,460Sqft
8,398Lot
Year Built
1962
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25164728
Home ConditionFair
Features
ViewNeighborhood

About this home

Great investment opportunity in Westminster! This triplex features two units with 3 bedrooms and 1 bathroom each, and one unit with 2 bedrooms and 1 bathroom. Each unit includes driveway parking for two cars. The property sits on an approximately 8,400 SQFT lot in an R3 multi-family residential zone, offering excellent potential for future development. Each unit has its own address—7161, 7163, and 7165—as well as separate water heaters and individual gas meters. Conveniently located near the Asian Little Saigon Mall, shopping centers, schools, Golden West Park, and entertainment venues—just a few miles from the beach. Easy access to the 405 Freeway and Beach Blvd (HWY 39). This property also includes a detached two-car garage with ADU conversion potential, adding to its income-generating possibilities. Don’t miss out on this promising investment!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds70
0%
Baths30
0%
Square foot2,4603,933
20%
Lot Size8,3987,405
60%
Price$1.5M$1.5M
50%
Price per square foot$610$391
80%
Built year19621963
40%
HOA
Days on market106136
40%
Condition Rating
Fair

The property was built in 1962 and appears to have had some updates, but the kitchens and bathrooms show their age. The appliances and fixtures are outdated, and the overall style is not modern. While the property seems maintained, it requires minor updates to bring it to current standards.
Pros & Cons

Pros

Income Potential: Triplex with three separate units provides immediate rental income.
Development Opportunity: R3 zoning allows for potential future development or expansion.
ADU Potential: Detached two-car garage offers potential for ADU conversion, increasing income.
Prime Location: Close proximity to Asian Little Saigon Mall, shopping, schools, parks, and entertainment.
Accessibility: Easy access to the 405 Freeway and Beach Blvd (HWY 39).

Cons

Year Built: Built in 1962, the property may require updates to meet modern standards.
Potential Renovation Costs: Older property may need renovations or repairs, impacting initial investment.
Limited Parking: Driveway parking for two cars per unit might be insufficient for some tenants.

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