8032 18th Street 2, Westminster, California 92683, Westminster, - bed, bath
ACTIVE$1,395,000
8032 18th Street 2, Westminster, California 92683
0Bed
0Bath
1,250Sqft
11,761.2Lot
Year Built
1947
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25103321
Home ConditionGood
Features
Patio
View-
About this home
Located in the heart of city of Westminster. This was beautifully remodeled with two separate units. The first unit: 2 Bedrooms, 1 Bathroom. The Second unit: 2 Bedrooms, 1 Bathroom. This property presents an excellent opportunity for both living and investment income. With Gross Rental Income 2024 is $89,204 The huge lot size is 0.27 acre and zoned for mixed-use, providing the possibility to develop multiple residential units or commercial buildings (buyer verify with the City of Westminster). This house convenient access to 405 and 22 freeway. Few miles from the beach. Walking distance to school, supermarket and shopping center. All furniture included in the sale price. A MUST TO SEE!
Condition Rating
Good
The property was built in 1947 but has been remodeled. The listing mentions it was beautifully remodeled with two separate units. The images show updated kitchens and bathrooms with modern finishes and appliances. The flooring appears to be in good condition. While not brand new, the property appears to be move-in ready with no immediate major renovations required.
Pros & Cons
Pros
Investment Opportunity: The property features two separate units, providing an excellent opportunity for rental income.
High Rental Income: Gross Rental Income for 2024 is $89,204, indicating a strong potential for cash flow.
Large Lot with Development Potential: The 0.27-acre lot is zoned for mixed-use, offering the possibility to develop multiple residential units or commercial buildings (buyer to verify).
Convenient Location: The property has convenient access to the 405 and 22 freeways and is located a few miles from the beach.
Furnished Units: All furniture is included in the sale price, reducing move-in costs and potentially attracting tenants immediately.
Cons
Age of Property: Built in 1947, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation Costs: While remodeled, further renovations or updates might be desired to maximize rental income or property value.
Mixed-Use Zoning Verification: The potential for development requires verification with the City of Westminster, adding a layer of due diligence for potential buyers.