NOT LISTED FOR SALE

7881 14th St Westminster, CA 92683

10 Beds
6 Baths
4,820 Sq Ft
0.8 Acres

Last Sold May 01, 2016

Last sale price $1,462,500 $303 Per Sq Ft

19 Days on Market

Highlights

  • No Units Above
  • 0.8 Acre Lot
  • Granite Countertops
  • Helen Stacey Intermediate School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of May 2016

First time ever on Market. 1989 construction, (4) adjacent custom designed and built 4-unit buildings situated on separate parcels; 7881,7891,7901, & 7911 14th Street. Each building can support its own 30 fixed rate financing if desired. Each of the four buildings is identical and features (1) 3bed/2.5 bath 1,462 sq ft, (2) 2bed/1.5 bath 1,060 sq ft units, and (1) 3bed/2.5 bath 1,238 sq ft units all with private patio/yards. All units are townhouse style and each unit has a double enclosed attached garage with direct access into the unit interior. All units have private washer/dryer hook ups and the 2bed units have laundry rooms upstairs. All units feature forced air heating and air conditioning. Interior features - granite counters in kitchen and baths, new hardware throughout, stainless steel appliances, vinyl wood flooring; exterior improvements include new sectional garage doors with openers, new exterior paint, 7-year no-leak roof guarantee, and termite clearance.

The quality of construction and attention to detail, and ongoing maintenance by the developer/owner is unsurpassed and unavailable to duplicate. This is a must see property. Seller desires to sell all together.

Last Agent to Sell the Property

Steven Brombal

Berkadia Real Estate Advisors License #00972129 Listed on: 02/10/2016

Last Buyer's Agent

Steven Brombal

Berkadia Real Estate Advisors License #00972129 Listed on: 02/10/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.8 Acre Lot
  • No Units Above
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Front and Back Yard Sprinklers

Parking

  • 8 Car Garage

Home Design

  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 4,820 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 20
  • Assessor Parcel Number 09634220

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,750
  • New Taxes Expense $16,458
  • Gross Income $7,780
  • Net Operating Income $60,450

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 09634220
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full, Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 303.42

Exterior Features

  • Foundation: Slab
  • Fencing: Block, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater
  • Electric: 220 Volts in Garage, 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Individual Room, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Lot Features: Front Yard, Level, Paved, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 35035.00
  • Price Per Lot Square Foot: 41.74
  • Lot Size Acres: 0.8040

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Gross Income: 7780.00
  • Gross Scheduled Income: 93360.00
  • Insurance Expense: 1750.00
  • Lot Size Area: 35035.0000 Square Feet
  • Net Operating Income: 60450.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 30109.00
  • Rent Control: No
  • Total Actual Rent: 7780.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16458.00
  • Tax Lot: 20
  • Tax Tract Number: 0000
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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
05/01/2016 05/01/16 Sold $1,462,500 -3.6% $303 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $1,517,000 -- $315 / 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 $23,486 $2,016,295 $1,623,926 $392,369
2024 $23,486 $1,976,760 $1,592,084 $384,676
2023 $22,690 $1,938,000 $1,560,866 $377,134
2022 $19,396 $1,631,445 $1,288,436 $343,009
2021 $18,942 $1,599,456 $1,263,172 $336,284
2020 $18,716 $1,583,056 $1,250,220 $332,836
2019 $18,503 $1,552,016 $1,225,706 $326,310
2018 $18,505 $1,521,585 $1,201,673 $319,912
2017 $17,793 $1,491,750 $1,178,110 $313,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16027915

California Regional Multiple Listing Service (CRMLS)

APN: 096-342-20