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8361 15th St, Westminster, CA 92683
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8361 15th St Westminster, CA 92683

$5,960,000 Sold Price as of 09/13/2022
  • 32 Beds
  • 20 Baths
  • 12,409 Sq.Ft.
Sold
$5,960,000 Sold Price as of 09/13/2022 Refinance Your Mortgage
Map preview of 8361 15th St, Westminster, CA 92683

Property Overview: 8361 15th St Westminster, CA has 32 bedrooms, 20 bathrooms, 12,409 living square feet and 20,038 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The 15th st. Apartments offers an astute investor the opportunity to acquire a Value Add property with over 30% in rental upside. The asset exterior has been extensively renovated, interiors are primed for a full rehabilitation. Situated in the Westminster Civic Center just a block from the City Library and Police department, the complex has an incredible walk score of 86! Conservative market rents put the pro-forma CAP Rate at almost 6%. 15th St. Apartments stands as the lowest priced per unit majority 2 bedroom asset on the market in all of Orange County. Further, the property will be delivered with a BRAND NEW roof and electrical panels.

Listed by Randall Mycorn | BRE #02078223 | R L M Equities
Last checked: 2 minutes ago | Last updated: September 14th, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
20,038
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
NP22128415
City
Westminster
County
Orange
Time on Site
691 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
  • # of Leased Units: 20
  • # of Electric Meters: 20
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,334
  • Total Rent: $1,334
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.88%
  • Gross Rent Multiplier: 16.47
  • Gross Scheduled Income: $354,864
  • Net Operating Income: $234,400
  • Gross Operating Income: $7,097
  • Garage Rental Income: $8,640
  • Laundry Income: $3,600
Annual Expense Breakdown
  • Total Operating Expense: $125,607
  • Electric: $1,028
  • Gas/Fuel: $10,598
  • New Taxes: $73,128
  • Trash: $6,000
  • Gardener: $1,000
  • Insurance: $4,963
  • Maintenance: $6,500
  • Professional Management: $10,800
  • Water/Sewer: $11,590

Property Details for 8361 15th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 20
  • Parcel Number: 09758128
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Civic Center
  • Directions: Corner of 15th & Newland St., South of Westminster Blvd.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Westminster Agent

Sale History for 8361 15th St

Last sold for $5,960,000 on September 13th, 2022

  • September, 2022

  • Sep 13, 2022

    Date

    Sold

    CRMLS: NP22128415

    $5,960,000

    Price

  • Jun 14, 2022

    Date

    Active

    CRMLS: NP22128415

    $6,045,000

    Price

Tax History for 8361 15th St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

8361 15th St sold on September 13, 2022 for 504.5% higher than the current median sold price for the city of Westminster which is $1,000,000. The median sold price per/sqft for Westminster is $659 and this home is sold at $487.15 per/sqft which puts the price per square foot 26.08% lower than the current median sale per square foot for the city of Westminster.

About 8361 15th St

Detailed summary of property

8361 15th St is a multi family that recently sold in Westminster, CA 92683. This multi family property offered 32 bedrooms, 20 bathrooms, roughly 12,409 living square feet, and sits on an approximately 20,038 square foot lot. 8361 15th St was first listed on ArdentRealEstateGroup.com on June 14, 2022. The homeowner sold the property for $5,960,000. Home in Westminster are selling for a median price of $1,000,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Westminster Market Data, this home is sold 504.5% higher than the current median priced home. Local homes that are currently for sale include 3168 Wabash Ave, 5871 S San Pedro St and 654 E 24th St. While the average home in Westminster, CA is selling in 25 days, 8361 15th St has a days on market of 34 days. There are currently 57 homes for sale in the Westminster real estate market and 48 of them are single family homes while 4 of them are condos and 5 are townhomes. For more information on this home for sale at 8361 15th St Westminster, CA 92683 contact Ardent Real Estate Group and we will put you in touch with one of our Westminster agents.

Public Facts for 8361 15th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92683 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,100,000
Median List Price/Sq.Ft.
$604
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
57
Median Sale to List Price %
101.21%
Avg Days on Market
14
Loan Type
Conventional (61.9%), FHA (0%), VA (0%), Cash (19.05%), Other (14.29%)

Thinking of Selling?

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Recently Sold Homes Near 8361 15th St

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8171 20th St, Westminster, CA 92683
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Related Resources to 8361 15th St

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Other Westminster Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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