Seller's Agent in 2024
Craig Ratowsky
Compass
(714) 276-0414
3 in this area
54 Total Sales
7883 16th St Westminster, CA 92683
9
Beds
4
Baths
3,240
Sq Ft
11,047
Sq Ft
Highlights
- Laundry Room
- 4 Car Garage
- Wall Furnace
- Helen Stacey Intermediate School Rated A-
- Carpet
About This Home
As of November 2024Discover 7883 16th Street, a versatile four-plex in Westminster, California, ideal for investors seeking rental income and zoned for mixed use development potential. This property features a standalone two-bedroom, one-bath house (built in 1927) and a duplex with two units (built in 1962), one offering two bedrooms and one bath and the other offering three bedrooms and one bath. Additionally, there is a two-bedroom, one-bath unit (built in 1962) located above the garage. Roof replacements for the duplex and front house were completed in 2020. The three bedroom owner occupied unit features a garage converted into a third bedroom, formal dining, custom-tiled shower, and a kitchen with in-unit laundry. Central to shopping, schools and entertainment with easy transport access. Three of the units are rented to long-term tenants, ensuring stable occupancy and consistent income. Viewings are drive-by only; please do not disturb tenants or the owner. Offers are to be made subject to interior inspection, presenting a great opportunity for immediate returns and future expansions. The property is located in a Mixed-Use 40 Units/Acre (MU40) district. The MU40 district is intended to provide for a mix of compatible residential and nonresidential uses with densities up to 40 units per acre. Reach out to the City of Westminster Planning and Zoning to verify all information.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.25 Acre Lot
- 1 Common Wall
- Sprinkler System
Parking
- 4 Car Garage
- Parking Available
Home Design
- Quadruplex
- Entry on the 1st floor
- Flat Roof Shape
- Composition Roof
Interior Spaces
- 3,240 Sq Ft Home
- 2-Story Property
- Carpet
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 33 / B
- Tax Tract Number 845
- Assessor Parcel Number 09633224
- $1,430 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $2,100
- Insurance Expense $3,000
- Trash Expense $1,680
- Water Sewer Expense $2,868
- Operating Expense $9,817
- Gross Income $51,960
- Net Operating Income $42,143
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2024 11/12/24 | Sold | $1,650,000 | 0.0% | $509 / Sq Ft |
| 09/25/2024 09/25/24 | For Sale | $1,650,000 | -- | $509 / 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 | $2,565 | $1,650,000 | $1,483,698 | $166,302 |
| 2024 | $2,565 | $104,774 | $30,282 | $74,492 |
| 2023 | $2,478 | $102,720 | $29,688 | $73,032 |
| 2022 | $2,419 | $100,706 | $29,106 | $71,600 |
| 2021 | $2,341 | $98,732 | $28,535 | $70,197 |
| 2020 | $2,317 | $97,720 | $28,242 | $69,478 |
| 2019 | $2,303 | $95,804 | $27,688 | $68,116 |
| 2018 | $2,291 | $93,926 | $27,145 | $66,781 |
| 2017 | $2,238 | $92,085 | $26,613 | $65,472 |
| 2016 | $2,193 | $90,280 | $26,091 | $64,189 |
| 2015 | $2,161 | $88,924 | $25,699 | $63,225 |
| 2014 | $2,121 | $87,183 | $25,196 | $61,987 |
Source: Public Records
Agents Affiliated with this Home
-
Craig Ratowsky
-
Justin Ratowsky
Seller Co-Listing Agent in 2024
Justin Ratowsky
Compass
(714) 336-5682
2 in this area
50 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24199139
APN: 096-332-24
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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