Andres Rodriguez
KW Vision
(909) 344-5302
17 Total Sales
1 in Westminster
$829,990 Price
8361 15th St Westminster, CA 92683
Westminster Area
3
Beds
2
Baths
12,409
Sq Ft
0.46
Acre Lot
Highlights
- 0.46 Acre Lot
- Warner Middle Rated A-
- Laundry Facilities
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 20,038 Sq Ft 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
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Westminster, CA
-
Andres Rodriguez
-
Shelly Eshelman
Shelly Eshelman
Shelly Eshelman Realty, Inc.
(855) 770-4381
90 Total Sales
4 in Westminster
$52K - $168K Price Range
-
Arthur Cervantes
Arthur Cervantes
Arthur Cervantes Properties Inc
(657) 239-4578
112 Total Sales
1 in Westminster
$105,000 Price
-
Sara Griffin
Sara Griffin
THE ASSOCIATES REALTY GROUP
(657) 297-5411
69 Total Sales
1 in Westminster
$905,000 Price
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
179 Total Sales
3 in Westminster
$1M - $1.1M Price Range
-
Robert Esparza
Robert Esparza
Transunited Realty Group
(562) 242-3550
65 Total Sales
1 in Westminster
$765,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $5,960,000 | Chicago Title | ||
| Residual Trust | -- | Chicago Title | |
| Trust Of Suzanne Marie Matherly | $5,300,000 | Chicago Title | |
| Browning Wayne L | -- | Fidelity National Title Co | |
| Browning Wayne L | -- | Fidelity National Title Co | |
| Browning Wayne L | -- | Commonwealth Land Title Co | |
| Hull Christopher L | -- | -- | |
| De Anza Plaza Apartments Ii | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,660,000 | ||
| Previous Owner | Gama Apartments Llc | $3,600,000 | |
| Previous Owner | Trust Of Suzanne Marie Matherly | $3,975,000 | |
| Previous Owner | Browning Wayne L | $1,320,000 | |
| Previous Owner | Browning Wayne L | $1,290,000 | |
| Previous Owner | Browning Wayne L | $1,425,000 | |
| Previous Owner | Browning Wayne L | $933,300 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $75,972 | $6,324,799 | $5,853,750 | $471,049 |
| 2025 | $75,972 | $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
Seller's Agent in 2022
Randall Mycorn
R L M Equities
(949) 862-1020
47 Total Sales
-
Mark Bridge
Buyer's Agent in 2022
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
56 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22128415
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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