NOT LISTED FOR SALE

6531 Westpark Place West Minster, CA 92683

13 Beds
8 Baths
7,404 Sq Ft
0.44 Acres

Last Sold January 11, 2012

Last sale price $1,375,000 $186 Per Sq Ft

618 Days on Market

Highlights

  • 0.44 Acre Lot
  • Contemporary Architecture
  • No Heating
  • Westminster High School Rated A
  • Tile Flooring

About This Home

As of January 2012

Good Location for Income Property in Westminster! Close to Little Saigon. 7 Tenants are Long Term-SECTION 8 Tenants. Newer Roof in 9/2005. ALL Tiled Floor in Living-Dining Areas/Kitchens/Baths ( EXCEPT the 3BED/2BA Tenants request Carpeted Floor). HUGE LOT of 19,000SF. Nice Garden! Seller owns his own Laundry Room to earn extra Income. MUST SEE TO APPRECIATE!

Last Agent to Sell the Property

Tammy Vo

Superior Real Estate Group License #01345622 Listed on: 03/27/2010

Superior Real Estate Group

Last Buyer's Agent

Tammy Vo

Superior Real Estate Group License #01345622 Listed on: 03/27/2010

Superior Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.44

Home Design

  • 7,404 Sq Ft Home
  • Contemporary Architecture
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Parking

  • 21 Car Garage
  • 3 Carport Spaces
  • Side Facing Garage
  • Assigned Parking

Additional Features

  • 0.44 Acre Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 12
  • Tax Tract Number 9729
  • Assessor Parcel Number 20362112

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Gardener Expense $600
  • Insurance Expense $1,980
  • Trash Expense $1,056
  • Water Sewer Expense $2,100
  • New Taxes Expense $17,655
  • Gross Income $9,925
  • Net Operating Income $90,369

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.83
  • View: No
  • Water Sewer Expenses: 2100.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 20362112
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 185.71

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: No
  • Parking Features: Assigned, Carport, Concrete, Garage Faces Side
  • Total Parking Spaces: 21.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Trash Expense: 1056.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 19000.00
  • Lot Size Acres: 0.4360

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 9925.00
  • Gross Multiplier: 13.34
  • Gross Scheduled Income: 116160.00
  • Insurance Expense: 1980.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 19000.0000 Square Feet
  • Net Operating Income: 90369.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Disposal: 8
  • Operating Expense: 25731.00

Tax Info

  • New Taxes Expense: 17655.00
  • Tax Area: 20025
  • Tax Lot: 12
  • Tax Tract Number: 9729

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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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
01/11/2012 01/11/12 Sold $1,375,000 -12.7% $186 / Sq Ft
12/05/2011 12/05/11 Pending -- -- --
03/27/2010 03/27/10 For Sale $1,575,000 -- $213 / 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 $27,467 $2,249,212 $1,361,367 $887,845
2024 $27,467 $2,205,110 $1,334,673 $870,437
2023 $26,536 $2,161,873 $1,308,503 $853,370
2022 $26,126 $2,119,484 $1,282,846 $836,638
2021 $25,500 $2,077,926 $1,257,692 $820,234
2020 $25,199 $2,056,620 $1,244,796 $811,824
2019 $24,922 $2,016,295 $1,220,389 $795,906
2018 $24,918 $1,976,760 $1,196,460 $780,300
2017 $23,986 $1,938,000 $1,173,000 $765,000
2016 $18,442 $1,458,930 $1,069,346 $389,584
2015 $18,131 $1,437,016 $1,053,283 $383,733
2014 $17,730 $1,408,867 $1,032,650 $376,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P728051

California Regional Multiple Listing Service (CRMLS)