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14260 Village Way, #23

Westminster, CA 92683

$1,999,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1962

calendar_month Built

Property Description

Exceptional Investment Opportunity in Westminster! Welcome to this remarkable 4-unit property nestled in the highly sought-after city of Westminster! With its great curb appeal and prime location, this investment offers tremendous rental potential. Each unit features assigned parking, ensuring convenience for your tenants. Spanning approximately 1,267 square feet per unit, each two-story unit includes 2 bedrooms and 1.5 baths. Enjoy your own private garden patio, perfect for relaxation and outdoor activities. The main level boasts an open floor plan with a spacious living room that provides access to the patio, a cozy breakfast nook, a functional kitchen, half bath and convenient indoor laundry hookups. Upstairs, you’ll find two generously sized bedrooms, including a primary room with a walk-in closet and direct access to a full bath. This property represents a true gem with substantial upside rental potential, as current rents are below market value. You have the opportunity to live in one unit while renting out the others, enhancing your financial benefits. The condition of the units varies, with one fully remodeled, one semi-remodeled, and two in standard condition, ready for your personal touch. The HOA provides significant benefits, covering trash, common area water, maintenance, and insurance, while also maintaining the exterior, including the roof. Each unit has separate water, electric, and gas meters, and the current landlord pays for the gas and electricity for the water heaters. Centrally located near shopping, great schools, parks, grocery stores, dining, and entertainment, this property offers easy access to the 405 and 22 freeways. It has a strong history of long-term tenants, enrolled in the Section 8 program, who are eager to extend their leases. Don’t miss this once-in-a-lifetime opportunity! This property won’t last long, act now to secure your investment in Westminster today!

Listing Information

List Price $1,999,000
Status Active
MLS PW24198214
HOA $900
Type Residential Income
Subtype Quadruplex
Year Built 1962
Lot Size 108,900
Structure Size N/A
DOM 1
Courtesy Of RE/MAX Diamond
Listing Agent Joseph Lee DRE#01812590
Co-Listing Agent Christine Kim DRE#01919773

Interior Features

Laundry Information
Location(s) Common Area, Inside, See Remarks
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Additional Information
Additional Features All Bedrooms Up

Exterior Information

Maps

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Listing information courtesy of: Joseph Lee, Christine Kim, RE/MAX Diamond . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.