NOT LISTED FOR SALE

7691 14th St Westminster, CA 92683

8 Beds
8 Baths
4,380 Sq Ft
0.26 Acres

Last Sold January 09, 2017

Last sale price $1,339,900 $306 Per Sq Ft

38 Days on Market

Highlights

  • No HOA
  • Helen Stacey Intermediate School Rated A-
  • Landscaped

About This Home

As of January 2017

Very clean and well located 4-Plex with garages. First time on market since 1983, when the property was built. Long term tenants and easy rent upside for new owner. Two of the units are large (approx. 1,300+) townhouse style 2 bedroom 1.5 bath and the other two units are 2 bedroom 2 bath of approx. 800 sq. ft..

Last Agent to Sell the Property

Al Gausewitz

Alfred Gausewitz License #00856084 Listed on: 09/26/2016

Last Buyer's Agent

Al Gausewitz

Alfred Gausewitz License #00856084 Listed on: 09/26/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,380 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 08
  • Tax Tract Number 221
  • Assessor Parcel Number 09622108

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $432
  • Gardener Expense $1,092
  • Insurance Expense $2,214
  • Maintenance Expense $2,000
  • Trash Expense $542
  • Water Sewer Expense $1,756
  • New Taxes Expense $15,740
  • Gross Income $75,180
  • Net Operating Income $49,363

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Parking

7

Listing Details

  • CapRate: 3.70
  • Property Attached: Yes
  • Water Sewer Expenses: 1756.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1092.00
  • Parcel Number: 09622108
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 305.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 542.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 11474.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1060 Square Feet
  • Electric Expense: 432.00
  • Gross Income: 75180.00
  • Gross Multiplier: 17.80
  • Gross Scheduled Income: 75180.00
  • Insurance Expense: 2214.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 49363.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24793.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Total Actual Rent: 6265.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 15740.00
  • Tax Census Tract: 998.02
  • Tax Lot: 08
  • Tax Tract Number: 221

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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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 List to Sale Price per Sq Ft
01/09/2017 01/09/17 Sold $1,339,900 0.0% $306 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
09/29/2016 09/29/16 Off Market $1,339,900 -- --
09/29/2016 09/29/16 Pending -- -- --
09/26/2016 09/26/16 For Sale $1,339,900 -- $306 / 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 $18,432 $1,555,064 $1,265,485 $289,579
2024 $18,432 $1,524,573 $1,240,672 $283,901
2023 $17,808 $1,494,680 $1,216,345 $278,335
2022 $17,540 $1,465,373 $1,192,495 $272,878
2021 $17,128 $1,436,641 $1,169,113 $267,528
2020 $16,925 $1,421,911 $1,157,126 $264,785
2019 $16,734 $1,394,031 $1,134,437 $259,594
2018 $16,735 $1,366,698 $1,112,194 $254,504
2017 $15,717 $1,305,600 $1,031,391 $274,209
2016 $6,130 $444,538 $85,604 $358,934
2015 $6,029 $437,861 $84,318 $353,543
2014 $5,900 $429,284 $82,666 $346,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16711641

California Regional Multiple Listing Service (CRMLS)

APN: 096-221-08