NOT LISTED FOR SALE
5 Beds
4 Baths
7,103 Sq Ft
0.39 Acres

Last Sold September 06, 2022

Last sale price $3,425,000 $482 Per Sq Ft

14 Days on Market

Highlights

  • 0.39 Acre Lot
  • Lawn
  • Level Lot
  • Susan B. Anthony Elementary School Rated A
  • Laundry Room

About This Home

As of September 2022

15052 Ward Street is a 7-unit multifamily investment property located in Westminster, CA. 15052 Ward Street offers an attractive unit mix of 6, 2 bed/1.5 bath townhomes and 1, 3 bed/2 bath townhome. The property offers amenities including garage and surface parking, private patios, gated access, and on-site laundry. 15052 Ward Street is within 1 mile of Mile Square Park, allowing residents to take advantage of a wide variety of outdoor activities. The property is situated just over 1 mile from Little Saigon, placing residents moments away from a plethora of shopping, dining, and entertainment options. Additionally, the property is within walking distance of numerous education centers spanning across each level. The property benefits from its close proximity to State Route 22 and Interstate 405, providing residents convenient access to employment hubs throughout Orange and Los Angeles Counties.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 07/06/2022

Last Buyer's Agent

Shelly Hilliard

Coldwell Banker Realty License #01968101

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1981

Lot Details

  • 0.39 Acre Lot
  • No Common Walls
  • Level Lot
  • Lawn

Parking

  • 7 Open Parking Spaces
  • 8 Car Garage

Interior Spaces

  • 7,103 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 99203
  • Assessor Parcel Number 10849275
  • $3,574 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $980
  • Fuel Expense $977
  • Insurance Expense $5,401
  • Maintenance Expense $5,000
  • Other Expense $10,994
  • Trash Expense $977
  • Water Sewer Expense $977
  • New Taxes Expense $37,975
  • Operating Expense $63,281
  • Gross Income $203,370
  • Net Operating Income $134,055

Property Details

Home Type

Apartment

Year Built

Built in 1981

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 977.00
  • Property Type: Residential Income
  • Parcel Number: 10849275
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 482.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 977.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street
  • Lot Size Sq Ft: 16988.40
  • Lot Size Acres: 0.3900

Multi Family

  • Electric Expense: 980.00
  • Fuel Expense: 977.00
  • Gross Income: 203370.00
  • Gross Operating Income: 197336.00
  • Gross Scheduled Income: 201120.00
  • Insurance Expense: 5401.00
  • Lot Size Area: 0.3900 Acres
  • Maintenance Expense: 5000.00
  • Net Operating Income: 134055.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 63281.00
  • Other Expense: 10994.00
  • Other Expense Description: Misc
  • Other Income1: 2250.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 16760.00
  • Total Expenses: 63281.00

Tax Info

  • New Taxes Expense: 37975.00
  • Tax Census Tract: 992.03
  • Tax Lot: 13
  • Tax Tract Number: 099203
  • TaxOtherAnnualAssessmentAmount: 3574.00

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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Average Value
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Sold Price
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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
09/06/2022 09/06/22 Sold $3,425,000 0.0% $482 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $3,425,000 -- $482 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $42,313 $3,563,370 $3,017,160 $546,210
2024 $42,313 $3,493,500 $2,958,000 $535,500
2023 $41,522 $3,425,000 $2,900,000 $525,000
2022 $27,592 $2,170,886 $1,574,851 $596,035
2021 $27,172 $2,128,320 $1,543,971 $584,349
2020 $26,828 $2,106,497 $1,528,139 $578,358
2019 $26,348 $2,065,194 $1,498,176 $567,018
2018 $25,856 $2,024,700 $1,468,800 $555,900
2017 $25,535 $1,985,000 $1,440,000 $545,000
2016 $9,521 $558,513 $51,447 $507,066
2015 $9,411 $550,124 $50,674 $499,450
2014 $9,230 $539,348 $49,681 $489,667
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22147789

California Regional Multiple Listing Service (CRMLS)

APN: 108-492-75