Discover 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.
Sold for $1,650,000 on 11/12/24
Listing Provided by:
Craig Ratowsky DRE #00608046 714-318-5382,
Compass,
Justin Ratowsky DRE #02026158 714-336-5682,
Compass
Bought with: Compass
$1,650,000
7883 16th St, Westminster, CA 92683
9beds
4baths
3,240sqft
Quadruplex
Built in 1962
-- sqft lot
$-- Zestimate®
$509/sqft
$4,215 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 10, 2024 at 12:10pm
Listing Provided by:
Craig Ratowsky DRE #00608046 714-318-5382,
Compass,
Justin Ratowsky DRE #02026158 714-336-5682,
Compass
Bought with:
Justin Ratowsky, DRE #02026158
Compass
Craig Ratowsky, DRE #00608046
Compass
Source: CRMLS,MLS#: OC24199139
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Heating
- Wall Furnace
Appliances
- Laundry: Inside, In Garage
Features
- Flooring: Carpet
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,240
- Total interior livable area: 3,240 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
Lot
- Size: 0.25 Acres
- Features: Sprinkler System
Details
- Parcel number: 09633224
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Composition,Flat
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Street Lights, Sidewalks
Location
- Region: Westminster
- Subdivision: Other
HOA & financial
Other financial information
- Total actual rent: 4330
Other
Other facts
- Listing terms: Cash,Cash to New Loan