7852 -7858 16th Street 7852-7854-7856-7858, Westminster, California 92683, Westminster, - bed, bath

home-pic
ACTIVE$3,995,000
7852 -7858 16th Street 7852-7854-7856-7858, Westminster, California 92683
0Bed
0Bath
8,800Sqft
11,803Lot
Year Built
2022
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC23058734
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

Very rare new ground up construction 4 townhome style located on Corner lot available for sale finished on December 2022. We are pleased offer 7852, 7854, 7856 and 7858 16th Street which is an excellent income producing fourplex. Incredible demand of rental, has never been vacant .Well kept property with nice landscaping and very, very clean inside and outside. Each units consists of 4 Ma Bedrooms with 4 1/2 bathrooms ( Each bedroom has it own bathroom). There's a Half bathroom downstairs at living room for guests use. Each unit having it's own 2 car attached garage and inside laundry. Very rare to find one like this for sale in the Little Saigon Area. Only few minutes to Bolsa Central area with all Shopping, markets, restaurants, churches, schools. There is great opportunity to make investment. All units have own solar and paid for. All units currently occupied with excellent tenants. GREAT INVESTMENT PROPERTY AT GREAT LOCATION IN WESTMINSTER IN LITTLE SAIGON AREA.

Price History

Date
Event
Price
04/13/23
Listing
$3,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds00
Baths00
Square foot8,8004,215
80%
Lot Size11,8037,405
80%
Price$4M$1.65M
80%
Price per square foot$454$391
60%
Built year20221965
80%
HOA
Days on market937233
60%
Condition Rating
Excellent

This property is a 'new ground up construction' completed in December 2022, making it virtually brand new. The year built (2022) falls well within the 'excellent' criteria of being built within 10 years. The description highlights modern features such as solar panels, attached garages, and multiple bathrooms per unit, indicating high-quality, current standards. The exterior image confirms a pristine, newly built appearance with no signs of wear or deferred maintenance. All components are new, meeting current quality standards.
Pros & Cons

Pros

New Construction & Modern Amenities: Built in 2022 as ground-up construction, the property offers modern design, low immediate maintenance, and energy efficiency. Each unit features 4 master bedrooms with en-suite baths, 2-car attached garages, and in-unit laundry.
Exceptional Income Potential & Occupancy: Explicitly described as 'excellent income producing' with 'incredible demand of rental' and 'never been vacant.' All units are currently occupied by 'excellent tenants,' ensuring immediate, stable cash flow.
Prime Location in Little Saigon: A 'very rare find' in the highly desirable Little Saigon Area, just minutes from Bolsa Central, offering convenient access to shopping, markets, restaurants, churches, and schools, driving strong rental demand.
Paid-For Solar Panels: All units are equipped with their own paid-for solar systems, significantly reducing utility costs for tenants and enhancing the property's long-term value and attractiveness to renters.
Unique & High-Yield Unit Configuration: Each of the four townhome-style units features 4 master bedrooms with 4.5 bathrooms (each bedroom having its own en-suite bath), a highly desirable setup for maximizing rental income from multiple tenants or large families.

Cons

High Purchase Price: With a list price of nearly $4 million, this property represents a significant investment, potentially narrowing the pool of prospective buyers to high-net-worth individuals or institutional investors.
Extended On-Market Duration: The property has been active on the market since April 2023. This extended listing period (over a year) could suggest that the current pricing is aggressive or that the market for this specific type of high-value income property is limited.
Specific Tenant Profile Dependency: While the 4-master-bedroom configuration maximizes income, it caters to a specific tenant demographic (e.g., multiple roommates, large families). A shift in demand for this niche layout could potentially make re-tenanting more challenging.

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