Seller's Agent in 2021
Grant Hahn
Morgan Skenderian
(949) 251-8800
3 in this area
10 Total Sales
18312 Milton Ave Westminster, CA 92683
1.01
Acres
--
Price per Acre
43,996
Sq Ft Lot
About This Lot
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
Property Type
- Land
Lot Details
- 1.01 Acre Lot
- Density is 21-25 Units/Acre
- 203-311-24
- Property is zoned R-4
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 20331116
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2021 12/17/21 | Sold | $4,800,000 | -1.0% | -- |
| 10/18/2021 10/18/21 | Pending | -- | -- | -- |
| 06/07/2021 06/07/21 | Price Changed | $4,850,000 | -17.1% | -- |
| 05/05/2021 05/05/21 | For Sale | $5,850,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Grant Hahn
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21095962
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