7881 14th Street, Westminster, CA 92683
Property · 2 recorded sales since 2016
Sold May 2016
Listing Agent: Steven Brombal (DRE #00972129) · Listing Office: Berkadia Real Estate Advisors · Contact: 949-223-0606 · Bought with: Steven Brombal · Berkadia Real Estate Advisors · MLS #NP16027973 · Source: CRMLS
About this property
First time ever on market. Custom designed and built in 1989, 16 units featuring all townhouse style units - each with double enclosed attached garages with direct interior access, granite counters, stainless appliances, laminate wood flooring, central air and heat, individual private laundry for each, new sectional roll up doors with GDO, new exterior paint, termite clearances, and 7 year no-leak roof guarantee. (13) of (16) unit interiors have been upgraded with incredible detail. Call listing broker for list of recent improvements. Average unit size is 1205 sq feet. Each building is identical featuring (1) 3bed/2.5bath 1462 sq ft, (2) 2bed/1.5 bath 1060 sq ft, (1) 3bed/2 .5bath 1238 sq ft units. Separate parcels support individual 30 year fixed rate loans if desired. It is rare to attain a 4.89% yield going forward on 1989 construction and buildings with these amenities. This is a very unique opportunity to acquire 16 custom built units with every amenity including (4) separate parcels giving the investor exit strategy flexibility not easily duplicated in other opportunities. This is a must see property.
Listing description from the May 2016 sale, as reported to CRMLS.
Sale history
