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Listed by Joseph Lee • RE/MAX Diamond
$ 1,899,000
Est. payment /mo
Price Dropped by $100K
14260 Village Way Westminster, CA 92683
4,758 SqFt
UPDATED:
11/24/2024 07:01 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,758 sqft
Price per Sqft $399
MLS Listing ID PW-24198214
HOA Fees $900/mo
Year Built 1962
Lot Size 2.500 Acres
Property Description
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!
Location
State CA
County Orange
Interior
Heating Central
Laundry See Remarks, Common Area, Community, Inside
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description Lawn
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944