Seller's Agent in 2021
Grant Hahn
Morgan Skenderian
(949) 251-8800
3 in this area
10 Total Sales
13800 Milton Ave Westminster, CA 92683
Estimated Value: $1,163,000 - $2,301,281
8
Beds
8
Baths
31,426
Sq Ft
$48/Sq Ft
Est. Value
Highlights
- 1.01 Acre Lot
- 1-Story Property
- 3-minute walk to Margie L Rice Park
- Westminster High School Rated A
About This Home
As of December 2021$1,000,000 PRICE REDUCTION. A rare opportunity to acquire a medium sized, “permit ready” entitled multi-residential development opportunity. The proposed 24 unit apartment complex will have a unit mix of (7) 2 bedroom/2 bath units, (7) 2 bedroom/2.5 bath units, (6) 3 bedroom/2.5 bath units, and (4) 3 bedroom/3.5 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 both Finely Elementary and Johnson Middle Schools. The development has been approved by the city council of Westminster and includes four affordable units under the California Density Bonus program.
The existing property is comprised of 3 adjacent parcels totaling 44,643 sq.ft. Currently, there is one 3 bedroom home, a 2 bedroom home, a 1 bedroom unit and a studio unit. Monthly income is $7,060 and all tenants are month to month.
Last Agent to Sell the Property
Morgan Skenderian License #01197893 Listed on: 05/05/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2021
Lot Details
- 1.01 Acre Lot
- 1 Common Wall
- Density is 21-25 Units/Acre
Parking
- 45 Car Garage
Home Design
- Property Attached
Interior Spaces
- 31,426 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 203
- Assessor Parcel Number 20331113
Community Details
Overview
- 3 Buildings
- 24 Units
Building Details
- 24 Separate Electric Meters
- 24 Separate Gas Meters
- 24 Separate Water Meters
- Operating Expense $237,319
- Gross Income $808,500
- Net Operating Income $546,926
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 12, 2022
Sold by
Rhf Holdings Group Inc
Bought by
Whittier Rhf Housing Inc
Current Estimated Value
Purchase Details
Listed on
May 5, 2021
Closed on
Dec 4, 2021
Sold by
Milton Avenue 24 Llc
Bought by
Rhf Holdings Group Inc
Seller's Agent
Grant Hahn
Morgan Skenderian
Buyer's Agent
Grant Hahn
Morgan Skenderian
List Price
$5,850,000
Sold Price
$4,850,000
Premium/Discount to List
-$1,000,000
-17.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-24.61%
Purchase Details
Closed on
Jun 9, 2020
Sold by
Albers Christopher J and Albers Laurie E
Bought by
Milton Avenue 24 Llc
Purchase Details
Closed on
Aug 23, 2016
Sold by
Schmidl Robert Joseph and Schmidl Kathleen Louise Casey
Bought by
Albers Christopher J and Albers Laurie E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,075,000
Interest Rate
3.45%
Mortgage Type
Commercial
Purchase Details
Closed on
May 27, 2014
Sold by
Schmidl Robert Joseph and Schmidl Kathleen Louise
Bought by
Schmidl Family Trust
Purchase Details
Closed on
Jan 30, 1995
Sold by
Lechuga Charles Z
Bought by
Schmidl Robert Joseph and Schmidl Kathleen Louise
Purchase Details
Closed on
Nov 7, 1994
Sold by
Lechuga Janice Marcelle
Bought by
Lechuga Charles Z
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Whittier Rhf Housing Inc | -- | -- | |
| Rhf Holdings Group Inc | $4,800,000 | Ticor Title Natl Com Svcs | |
| Milton Avenue 24 Llc | -- | None Available | |
| Albers Christopher J | $2,150,000 | Orange Coast Title Co Socal | |
| Schmidl Family Trust | -- | None Available | |
| Schmidl Robert Joseph | $120,000 | Continental Lawyers Title Co | |
| Lechuga Charles Z | -- | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Albers Christopher J | $1,075,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2021 12/17/21 | Sold | $4,850,000 | 0.0% | $154 / Sq Ft |
| 10/18/2021 10/18/21 | Pending | -- | -- | -- |
| 06/07/2021 06/07/21 | Price Changed | $4,850,000 | -17.1% | $154 / Sq Ft |
| 05/05/2021 05/05/21 | For Sale | $5,850,000 | -- | $186 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,192 | $1,697,932 | $1,697,932 | -- |
| 2024 | $19,192 | $1,664,640 | $1,664,640 | -- |
| 2023 | $18,548 | $1,632,000 | $1,632,000 | $0 |
| 2022 | $18,283 | $1,600,000 | $1,600,000 | $0 |
| 2021 | $8,837 | $747,123 | $730,846 | $16,277 |
| 2020 | $8,817 | $747,123 | $730,846 | $16,277 |
| 2019 | $8,716 | $732,474 | $716,516 | $15,958 |
| 2018 | $8,719 | $718,112 | $702,466 | $15,646 |
| 2017 | $8,385 | $704,032 | $688,692 | $15,340 |
| 2016 | $2,441 | $168,393 | $146,854 | $21,539 |
| 2015 | $2,403 | $165,864 | $144,648 | $21,216 |
| 2014 | $2,355 | $162,615 | $141,814 | $20,801 |
Source: Public Records
Agents Affiliated with this Home
-
Grant Hahn
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21095883
APN: 203-311-13
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. 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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