NOT LISTED FOR SALE
17 Beds
16 Baths
7,678 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: December 31, 2024

Last sale price $3,000,000 $391 Per Sq Ft

132 Days on Market

Highlights

  • 0.35 Acre Lot
  • Park
  • Laundry Facilities
  • No HOA

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 15,246 Sq Ft 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

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

0.35 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2024
Closed on
Dec 26, 2024
Sold by
Bought by
Seller's Agent
Evon Nguyen
Superior Real Estate Group
Buyer's Agent
Thomas Dao
Superior Real Estate Group
List Price
$4,350,000
Sold Price
$3,000,000
Premium/Discount to List
-$1,350,000
-31.03%
Views
35

Purchase Details

Listed on
Sep 28, 2022
Closed on
Nov 17, 2022
Sold by
Bought by
Seller's Agent
Grant Hahn
Morgan Skenderian
Buyer's Agent
Evon Nguyen
Superior Real Estate Group
List Price
$3,865,000
Sold Price
$3,650,000
Premium/Discount to List
-$215,000
-5.56%
Views
61

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.88%

Purchase Details

Listed on
Sep 28, 2022
Closed on
Nov 11, 2022
Sold by
Bought by
Seller's Agent
Grant Hahn
Morgan Skenderian
Buyer's Agent
Evon Nguyen
Superior Real Estate Group
List Price
$3,865,000
Sold Price
$3,650,000
Premium/Discount to List
-$215,000
-5.56%
Views
61

Purchase Details

Closed on
Dec 9, 2021
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$785,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 13, 2000
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,000
Interest Rate
7.84%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Westminster, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,000,000 Lawyers Title
$3,650,000 Chicago Title
$3,650,000 Chicago Title
-- First American Title
-- First American Title
-- Landwood Title
-- --
-- Investors Title Company
$611,000 Investors Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $250,000
Previous Owner $1,000,000
Previous Owner $900,000
Previous Owner $785,000
Previous Owner $419,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $36,127 $3,060,000 $2,543,540 $516,460
2025 $36,127 $3,000,000 $2,493,666 $506,334
2024 $44,337 $3,723,000 $3,230,009 $492,991
2023 $42,834 $3,650,000 $3,166,675 $483,325
2022 $14,263 $1,042,795 $559,470 $483,325
2021 $13,900 $1,022,349 $548,500 $473,849
2020 $13,741 $1,011,867 $542,876 $468,991
2019 $13,605 $992,027 $532,231 $459,796
2018 $13,591 $972,576 $521,795 $450,781
2017 $13,119 $953,506 $511,563 $441,943
2016 $12,741 $934,810 $501,532 $433,278
2015 $12,530 $920,769 $493,999 $426,770
2014 $12,260 $902,733 $484,322 $418,411
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24138267

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.