Seller's Agent in 2022
Randall Mycorn
R L M Equities
(949) 862-1020
2 in this area
45 Total Sales
8361 15th St Westminster, CA 92683
3
Beds
2
Baths
12,409
Sq Ft
0.46
Acres
Highlights
- 0.46 Acre Lot
- Warner Middle Rated A-
- Laundry Room
About This Home
As of September 2022The 15th st. Apartments offers an astute investor the opportunity to acquire a Value Add property with over 30% in rental upside. The asset exterior has been extensively renovated, interiors are primed for a full rehabilitation. Situated in the Westminster Civic Center just a block from the City Library and Police department, the complex has an incredible walk score of 86! Conservative market rents put the pro-forma CAP Rate at almost 6%. 15th St. Apartments stands as the lowest priced per unit majority 2 bedroom asset on the market in all of Orange County. Further, the property will be delivered with a BRAND NEW roof and electrical panels.
Last Agent to Sell the Property
R L M Equities License #02078223 Listed on: 06/14/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.46 Acre Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 12,409 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 4340
- Assessor Parcel Number 09758128
- $6,639 per year additional tax assessments
Community Details
Building Details
- 20 Leased Units
- Rent Control
- 20 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1,028
- Fuel Expense $10,598
- Gardener Expense $1,000
- Insurance Expense $4,963
- Maintenance Expense $6,500
- Professional Management Expense $10,800
- Trash Expense $6,000
- Water Sewer Expense $11,590
- New Taxes Expense $73,128
- Operating Expense $125,607
- Gross Income $12,240
- Net Operating Income $234,400
Additional Features
- 20 Units
- Laundry Facilities
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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 |
|---|---|---|---|---|
| 09/13/2022 09/13/22 | Sold | $5,960,000 | -1.4% | $480 / Sq Ft |
| 09/10/2022 09/10/22 | For Sale | $6,045,000 | 0.0% | $487 / Sq Ft |
| 07/18/2022 07/18/22 | Pending | -- | -- | -- |
| 06/14/2022 06/14/22 | For Sale | $6,045,000 | -- | $487 / 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 | $74,938 | $6,200,784 | $5,738,971 | $461,813 |
| 2024 | $74,938 | $6,079,200 | $5,626,442 | $452,758 |
| 2023 | $72,397 | $5,960,000 | $5,516,119 | $443,881 |
| 2022 | $40,332 | $1,655,643 | $1,187,841 | $467,802 |
| 2021 | $24,476 | $1,623,180 | $1,164,550 | $458,630 |
| 2020 | $24,202 | $1,606,537 | $1,152,609 | $453,928 |
| 2019 | $23,986 | $1,575,037 | $1,130,009 | $445,028 |
| 2018 | $23,943 | $1,544,154 | $1,107,852 | $436,302 |
| 2017 | $23,171 | $1,513,877 | $1,086,129 | $427,748 |
| 2016 | $22,549 | $1,484,194 | $1,064,833 | $419,361 |
| 2015 | $22,187 | $1,461,901 | $1,048,839 | $413,062 |
| 2014 | $21,724 | $1,433,265 | $1,028,294 | $404,971 |
Source: Public Records
Agents Affiliated with this Home
-
Randall Mycorn
-
Mark Bridge
Buyer's Agent in 2022
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
1 in this area
54 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22128415
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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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