Real Estate in Orange County
Sherman Smith
714-422-0616714-422-0616

7251 20th Street, Westminster, CA 92683 (MLS # PW18273926)

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PRICE $2,475,000
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE 15,341 sqft

The property has been approved and entitled to build 11 multi-residential units. The proposed 11 unit apartment complex will have a unit mix of (2) 1 bedroom/1.5 bath units, (9) 2 bedroom/2.5 bath units. All units will be townhouse style with attached garages and direct access from the garage into the units. The property is located within minutes of the 405 and 22 Freeways and is within walking distance to Schmitt Elementary School. The development has been approved by the city council of Westminster and includes two affordable units under the California Density Bonus program. The city of Westminster has not had development of new for rent units in a long time, as a result the rental market is extremely tight with an vacancy rate of only 3%. The medianage or year built of apartments within a 5 mile radius is 1966. Less than 1% of the rentalhousing in a 5 mile radius was built since 2010. Upon completion of the development, the developer will have one of the nicest apartment buildings in the area which will command top of the market rents. The existing property is comprised of 3 adjacent parcels totaling 15,341 sq.ft. Currently, there is one 2 bedroom home, and 2 duplexes with four 1 bedroom units.

DAYS ON MARKET 35 LAST UPDATED 11/14/2018
COMMUNITY Not Defined COUNTY Orange
STATUS Active PROPERTY TYPE(S) Land


ADDITIONAL DETAILS
COMMUNITYFEATURES Curbs, Sidewalks
ELEVATIONUNITS Feet
LANDLEASEYN 1
LISTAGENTSTATELICENSE 01197893
LOTFEATURES 21-25 Units/Acre
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR 699 - Not Defined
PARCELNUMBER 09606309
PRICEPERSQUAREFOOT 161.33
PROPERTYTYPE Land
SPECIALLISTINGCONDITIONS Standard
VIEW Neighborhood
WATERSOURCE Public

ZESTIMATE
7251 20th Street, Westminster, CA

RENT ZESTIMATE
$2550 / mo.  7251 20th Street, Westminster, CA

72 Very Walkable



 
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Listing provided by : Grant Hahn License # 01197893, Morgan Skenderian

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 12/19/18 7:25 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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