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    7272 20th Street

    Westminster, CA 92683
    • $779,900
    • STATUS: Active
    • ON SITE: 145 days
    • ID#: PW20246444
    UPDATED: 39 min ago
    $779,900
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,500
      SQFT
    • $520
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Located near Westminster and Hoover. It is a Builder or investor's dream. Neighbors on the same street have been tearing down and built MULTI-UNITS. This unit could be the same with the future of NEW multi units that can bring in great rental income. Even now ....without doing any improvements the NET CAP RATE is at about 3.8% after deduction of property tax and insurance. The property is located in a high rent demand, near the heart of Little Saigon, WALKING DISTANT to Westminster Catholic Church (Blessed Sacrament Catholic Church on Hoover St.)Buyers and buyers agent should verify with City regarding its building potential. Thank you.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T11:05:53.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/112202163
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    7272 20th Street Westminster, CA 92683

    • Price: $779,900
    • Status: Active
    • Updated: 39 min ago
    • ID#: PW20246444
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,500
    SQFT
    $520
    $/SQFT
    1959
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    59 - Westminster North of 405 & Westminster
    Property Description
    Located near Westminster and Hoover. It is a Builder or investor's dream. Neighbors on the same street have been tearing down and built MULTI-UNITS. This unit could be the same with the future of NEW multi units that can bring in great rental income. Even now ....without doing any improvements the NET CAP RATE is at about 3.8% after deduction of property tax and insurance. The property is located in a high rent demand, near the heart of Little Saigon, WALKING DISTANT to Westminster Catholic Church (Blessed Sacrament Catholic Church on Hoover St.)Buyers and buyers agent should verify with City regarding its building potential. Thank you.
    Exterior Features

    Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 1 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsPark Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 40200 Gross Scheduled Income 40200 Insurance Expense 1000 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFannie Mae Net Operating Income 30400 New Construction YN No New Taxes Expense 8900 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 9800 Rent Control YN No Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Trash Expense 1200 Water Sewer Expense 1200 Water Source Public

    Listing provided courtesy of Thomas Dao of Superior Real Estate Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T11:05:53.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
     
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    Zember Realty Group
    1125 Linda Vista Dr.
    San Marcos CA, 92078