14260 Village Way, Unit 23

Westminster, CA 92683

$1,999,000
Price
8
Beds
8
Baths
4,758 Sq. Ft.
$420 / Sq. Ft.
4,758
Sq. Ft.
$420
per Sq. Ft.

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...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!
  1. Listed by Joseph Lee • DRE #01812590 • Brokerage DRE #01810882 • RE/MAX Diamond • 714-886-7571
  2. Listed by Christine Kim • DRE #01919773 • Brokerage DRE #01810882 • RE/MAX Diamond

Property Details for 14260 Village Way, Unit 23

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
4758
Assessor Parcel Number
939-100-29
Property Attached YN
true
LISTING UPDATED: 09/24/2024 11:34 PM

Property Details for 14260 Village Way, Unit 23

StatusActive
MLS #PW24198214
Days on Market54
Taxes-
HOA Fees$900 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size2.50 AC / 108,900 SF
CountyOrange County

Building Information for 14260 Village Way, Unit 23

Stories2Residences-Year Built1962Building Size-Lot Size2.50 AC / 108,900 SF

Property Information for 14260 Village Way, Unit 23

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $108,400
  • Gross Scheduled Income: $108,600
  • Net Operating Income: $106,600
  • Laundry Income: $150
Expense Details
  • Operating Expense: $2,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $2,000
Tax / Assessment Info
  • Tax Tract Number: 12966
  • Tax Census Tract: 996.01
  • Tax Lot: 1
Community / Development
Community / Development
  • Association Amenities: Maintenance Grounds, Trash, Security, Other
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Up
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Inside, See Remarks
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lawn
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 14260 Village Way, Unit 23

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14260 Village Way, Unit 23

Taxable ValueLand$1,415,043Additions$171,567Total$1,586,610
Tax Record2024$19,103 ($1,592 / month)
Home Facts
Total Finished SqFt4,758 SqFtAbove Grade Finished SqFt4,758 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963CountyORANGEAPN939-100-29

Schools near 14260 Village Way, Unit 23

This home is within Westminster Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Willmore Elementary School
PublicK to 6

Helen Stacey Middle School
Public6 to 8

Westminster High School
Public9 to 12

Coast High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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14260 Village Way, Unit 23 is a multi-family home for sale in Westminster, CA 92683. This property was listed for sale on September 24, 2024 by RE/MAX Diamond, it's currently listed at $1,999,000. It has been on the market for a total of 54 days and was last sold on March 18, 2022. This listing's school districts are Westminster Elementary School District, Huntington Beach Union High School District. Nearby schools include Willmore Elementary School, Helen Stacey Middle School and Westminster High School. 14260 Village Way, Unit 23 is a 8-bed, 8-bath, 4,758 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Diamond, Joseph Lee, DRE #01812590; RE/MAX Diamond, Christine Kim, DRE #01919773

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.