7771 15th St, Westminster, California 92683, Westminster, - bed, bath

home-pic
ACTIVE$2,100,000
7771 15th St, Westminster, California 92683
0Bed
0Bath
3,870Sqft
11,326Lot
Year Built
1983
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24255319
Home ConditionFair
Features
View-

About this home

Great Location in Westminster, just off Beach Blvd. A massive lot of property for potential development. A duplex in front, 984 sqft, has two bedrooms and one bath; Unit #1 downstairs has a two-car garage attached; Unit #2 upstairs has a one-car garage; Laundry hook-up inside each unit. Unit#3 is a three-bedroom and two-bathroom house, 1984 sqft, with its laundry hook-up and two-car garage attached with an unpermitted studio behind it. Each unit has its electric and gas meter. The property is zoned R4, Multi Family Dwelling. The prime location is near shopping, entertainment, and restaurants: Bella Tera, Costco, Rodeo 39; excess 405, 22 Fwy, and 15 minutes from the beach! Viewing is a drive-by only; please do not disturb the tenants. Offers are to be made subject to interior inspection.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds00
Baths00
Square foot3,8703,933
40%
Lot Size11,3267,405
80%
Price$2.1M$1.65M
80%
Price per square foot$543$391
80%
Built year19831965
80%
HOA
Days on market302233
60%
Condition Rating
Fair

The property was built in 1983. From the images, the exterior appears aged but maintained. Interior conditions are unknown, but given the age, it likely requires minor updates or repairs. The description mentions an unpermitted studio, suggesting potential code issues. Overall, it seems to be in fair condition, requiring some updates but not substantial repairs.
Pros & Cons

Pros

Development Potential: The property boasts a massive lot zoned R4 for Multi-Family Dwelling, offering significant potential for future development or expansion.
Prime Location: Located in a desirable Westminster location, just off Beach Blvd, providing easy access to shopping, entertainment, and restaurants like Bella Terra, Costco, and Rodeo 39.
Excellent Accessibility: Conveniently located near the 405 and 22 Freeways, and only 15 minutes from the beach, ensuring easy commutes and recreational opportunities.
Income Potential: The property features a triplex configuration with separate electric and gas meters for each unit, maximizing income potential and tenant management.
Ample Parking: Each unit has its own attached garage (two-car for Unit #1 and Unit #3, one-car for Unit #2), providing ample parking for tenants.

Cons

Limited Interior Access: Viewings are drive-by only, and interior inspections are subject to offer acceptance, potentially hindering thorough due diligence.
Unpermitted Studio: The presence of an unpermitted studio behind Unit #3 may pose legal or compliance issues that need to be addressed.
Age of Property: Built in 1983, the property may require updates or renovations to meet current standards and tenant expectations.

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