NOT LISTED FOR SALE

7661 Baylor Dr West Minster, CA 92683

3 Beds
2 Baths
44,487 Sq Ft
65,776 Sq Ft Lot

Sale Details

Date Sold: March 29, 2018

Last sale price $12,650,000 $284 Per Sq Ft

13 Days on Market

Highlights

  • 65,776 Sq Ft lot
  • Laundry Room
  • Landscaped
  • Helen Stacey Intermediate School Rated A-

About This Home

As of March 2018

Beach West Apartments is a 54-unit multifamily investment property centrally located in the city of Westminster, California. The property enjoys easy access to the local freeways, is close to major employers, parks, the beach, and a number of small and large retail centers. Situated on a 1.51-acre lot, the 44,487 square foot property consists of one-bedroom and two-bedroom floor plans. Built in 1963, the property offers amenities including on-site laundry and ample parking spaces.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 11/16/2017

Co-Listed By

Kurt Hediger

Marcus & Millichap RE Invest License #01846649

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 11/16/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1.51 Acre Lot
  • No Common Walls
  • Landscaped
  • 096-211-18; 096-211-17

Parking

  • 62 Open Parking Spaces
  • 8 Car Garage
  • 10 Carport Spaces

Home Design

  • 44,487 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 99802
  • Assessor Parcel Number 09621119

Community Details

Overview

  • 3 Buildings
  • 54 Units

Amenities

  • Laundry Facilities

Building Details

  • 54 Leased Units
  • 54 Separate Electric Meters
  • 54 Separate Gas Meters
  • Electric Expense $18,556
  • Fuel Expense $18,556
  • Insurance Expense $12,150
  • Maintenance Expense $32,400
  • Other Expense $48,450
  • Professional Management Expense $24,845
  • Trash Expense $18,556
  • Water Sewer Expense $18,556
  • New Taxes Expense $164,670
  • Operating Expense $356,739
  • Gross Income $853,388
  • Net Operating Income $471,431

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

1.51 Acres

Parking

8

Listing Details

  • Professional Management Expense: 24845.00
  • Property Attached: No
  • Water Sewer Expenses: 18556.00
  • Property Type: Residential Income
  • Parcel Number: 09621119
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 284.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 8.00
  • Total Parking Spaces: 80.00
  • Uncovered Spaces: 62.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 18556.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 096-211-18; 096-211-17
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 65775.60

Multi Family

  • Electric Expense: 18556.00
  • Fuel Expense: 18556.00
  • Gross Income: 853388.00
  • Gross Operating Income: 828170.00
  • Gross Scheduled Income: 853388.00
  • Insurance Expense: 12150.00
  • Maintenance Expense: 32400.00
  • Net Operating Income: 471431.00
  • Number Of Separate Electric Meters: 54
  • Number Of Separate Gas Meters: 54
  • Number Of Units Leased: 54
  • Number Of Units Total: 54
  • Operating Expense: 356739.00
  • Other Expense: 48450.00
  • Rent Control: No
  • Total Actual Rent: 70049.00
  • Total Expenses: 356739.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 164670.00
  • Tax Census Tract: 998.02
  • Tax Lot: 2
  • Tax Tract Number: 099802
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

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
03/29/2018 03/29/18 Sold $12,650,000 -5.2% $284 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
11/16/2017 11/16/17 For Sale $13,350,000 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $70,868 $5,963,988 $5,306,040 $657,948
2024 $70,868 $5,847,048 $5,202,000 $645,048
2023 $68,465 $5,732,400 $5,100,000 $632,400
2022 $50,050 $4,042,201 $2,541,120 $1,501,081
2021 $48,847 $3,962,943 $2,491,294 $1,471,649
2020 $48,243 $3,922,308 $2,465,748 $1,456,560
2019 $47,716 $3,845,400 $2,417,400 $1,428,000
2018 $18,661 $1,195,050 $739,150 $455,900
2017 $18,066 $1,171,618 $724,657 $446,961
2016 $17,583 $1,148,646 $710,448 $438,198
2015 $17,305 $1,131,393 $699,777 $431,616
2014 $16,950 $1,109,231 $686,069 $423,162
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17259517

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

Ask me questions while you tour the home.