7782 15th St Westminster, CA 92683

Agent Remarks: First time ever on the market and offered for sale by the original developer and current owner. Rare 1993 custom constructed 4-units in the prime, and completely regentrifying “Numbered Streets” area of Westminster. There are several newer constructed 4-plexes in the location, but it is seldom that they ever come available. Exceptional unit mix consisting of all spacious townhome style residences. There are two 2-bedroom, 2.5 bath units – designed like dual mater suites which are approximately 1,060 square feet each; and two 3-bedroom, 2.5 bath units which are approximately 1238 square feet and 1462 square feet respectively. Each unit has private yard, double enclosed attached – direct access garages with garage door opener. Each unit has washer and dryer hook-ups, forced air heat and central air conditioning. The exterior has been recently painted with all termite wood replacement completed as well. This long-term owner developer has taken exceptionally good care of the property; the rear large 3-bedroom townhome has recently vacated with a substantial remodel accomplished. The average unit size is ~1,205. All units are separately metered for gas and electric, the owner pays water, trash service and outside lights. There is a concrete driveway/motor court, automatic sprinklers, and block wall surrounding on the perimeter of the exceptionally large approximately 11,000 square foot lot. All residents are month to month occupancy and rental increases are available to be levied by any new ownership. With interest rates at their historical low levels, financing options of 65% down, non-owner-occupied rates under 3.5%. The price per square foot is far below comparable sales as this translates into an exceptional value. Residents of 15th Street enjoy close access to the San Diego Freeway (i-405) and the Garden Grove Freeway (SR 22), with easy access to I-5, I-110, I-605, and I-710, which connects the property to all of Orange County as well as the greater Los Angeles MSA.

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