NOT LISTED FOR SALE

7291 Main St Westminster, CA 92683

6 Beds
3 Baths
3,086 Sq Ft
7,405 Sq Ft Lot

Last Sold October 06, 2020

Last sale price $930,000 $301 Per Sq Ft

88 Days on Market

Highlights

  • Laundry Room
  • Wall Furnace
  • 4-minute walk to Sigler Park
  • Helen Stacey Intermediate School Rated A-
  • Back and Front Yard

About This Home

As of October 2020

Westminster triplex First time on the market in 30 years! This amazing property presents an opportunity to acquire stable investment during this pandemic. All 3 units are on Section 8 with very long term tenants. Individual addresses and upside potential. Prime location, minutes away from Little Saigon, Westminster Mall, Sigler Park, Westminster DMV, 405 freeway, and various shopping/entertainment centers. All units include 2 bed/1 bath floor plans, washer hookups, wall heaters, and separate electric and gas meters. Low maintenance for the new owner. The front house is home to 2 units, one boasting an ample size front yard and the other a patio, while the back house is a free-standing home with a decent sized backyard (room to expand) and a 5-year-old roof. Tenants are responsible for their own garden/yard maintenance. Both front units include a 1 car garage and plentiful parking is available with the back unit. Drive-by and see the potential! Please do not disturb tenants.

Last Agent to Sell the Property

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 06/04/2020

Keller Williams Realty

Co-Listed By

Maria Galindo

Coldwell Banker Platinum Prop License #02024225

Last Buyer's Agent

Richard Le

Frontier Realty Inc License #02044899

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • 3,086 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 846
  • Assessor Parcel Number 09612426

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Maintenance Expense $1,000
  • Trash Expense $480
  • Water Sewer Expense $720
  • New Taxes Expense $5,400
  • Operating Expense $10,000
  • Gross Income $47,400
  • Net Operating Income $54,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: unknown
  • Water Sewer Expenses: 720.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 09612426
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 301.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Gross Income: 47400.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 54800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • New Taxes Expense: 5400.00
  • Tax Census Tract: 996.01
  • Tax Lot: 29
  • Tax Tract Number: 846

Range of Values:

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Average Value
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List Price
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 Change Sq Ft Price
10/06/2020 10/06/20 Sold $930,000 -4.0% $301 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/10/2020 08/10/20 Price Changed $968,800 -3.0% $314 / Sq Ft
07/10/2020 07/10/20 Price Changed $999,000 -4.9% $324 / Sq Ft
06/04/2020 06/04/20 For Sale $1,050,000 -- $340 / 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: OC20107038

California Regional Multiple Listing Service (CRMLS)

APN: 096-124-26