$3,000,000
SOLD DEC 31, 2024

13811 Cherry St Westminster, CA 92683

17 Beds
16 Baths
7,678 Sq Ft
0.35 Acres

Recently Sold

$391 Per Sq Ft

31% Below List Price

132 Days on Market

Highlights

  • 0.35 Acre Lot
  • No HOA
  • Laundry Room
  • Westminster High School Rated A
  • Park

About This Home

As of December 2024

RARE ON MARKET!! Welcome to a superb property featuring eight meticulously designed units, offering a mix of two and three-bedroom layouts. The Cherry St. Apartments offer an amazing assumable loan featuring a fixed rate of 3.45% with interest-only payments. Each unit is enhanced with vinyl plank flooring, creating a modern and durable living space. Cozy up by the fireplace in the inviting living rooms or enjoy the outdoors on the large private patios and balconies. Two of the units boast expansive wrap-around yards, perfect for outdoor activities and relaxation. All units come with spacious walk-in closets, providing ample storage. The upstairs units are particularly striking, featuring vaulted cathedral ceilings that add an airy and luxurious touch. For added convenience, there is a community laundry room on-site, and each unit includes its own private garage. This property is located in the heart of Westminster, close to the Little Saigon shopping district; which includes lots of Vietnamese and Asian restaurants.
Close to shopping centers, easy access to 405 freeway, ability to add another unit (ADU).

Last Agent to Sell the Property

Evon Nguyen

Superior Real Estate Group Brokerage Phone: 714-943-8729 License #01716171 Listed on: 07/13/2024

Superior Real Estate Group

Last Buyer's Agent

Thomas Dao

Superior Real Estate Group License #00958467

Superior Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.35 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 8 Open Parking Spaces
  • 8 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 7,678 Sq Ft Home
  • 2-Story Property
  • Disposal
  • Laundry Room

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 16 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 46 / C
  • Tax Tract Number 1036
  • Assessor Parcel Number 09607419

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 9 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $13,446
  • Gardener Expense $2,060
  • Insurance Expense $3,457
  • Maintenance Expense $6,000
  • Professional Management Expense $14,400
  • Trash Expense $3,972
  • Water Sewer Expense $4,476
  • New Taxes Expense $42,834
  • Operating Expense $90,648
  • Gross Income $3,765
  • Net Operating Income $141,732

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

8

Listing Details

  • Ad Number: 714-943-8729
  • CapRate: 4.00
  • Professional Management Expense: 14400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4476.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2060.00
  • Parcel Number: 09607419
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 390.73

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Appliances: Disposal
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3972.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 15246.00
  • Lot Size Acres: 0.3500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 13446.00
  • Gross Income: 3765.00
  • Gross Scheduled Income: 232380.00
  • Insurance Expense: 3457.00
  • Laundry Income: 765.00
  • Lot Size Area: 15246.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 141732.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 8
  • Number With Disposal: 8
  • Number With Patio: 8
  • Number With Range: 8
  • Operating Expense: 90648.00
  • Other Income1: 3000.00
  • Rent Control: No
  • Total Actual Rent: 19465.00
  • Total Expenses: 90648.00

Tax Info

  • New Taxes Expense: 42834.00
  • Tax Area: 20105
  • Tax Block: C
  • Tax Lot: 46
  • Tax Tract: 1036
  • Tax Tract Number: 1036

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/31/2024 12/31/24 Sold $3,000,000 -28.6% $391 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
08/05/2024 08/05/24 Price Changed $4,199,000 -3.5% $547 / Sq Ft
07/13/2024 07/13/24 For Sale $4,350,000 +19.2% $567 / Sq Ft
11/23/2022 11/23/22 Sold $3,650,000 -5.6% $475 / Sq Ft View Prior Sale
10/26/2022 10/26/22 Pending -- -- --
09/28/2022 09/28/22 For Sale $3,865,000 -- $503 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24138267

California Regional Multiple Listing Service (CRMLS)