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8181 20th Street 8181 20th St

2 Unit Apartment Building $1,300,000 ($650,000/Unit) 4.25% Cap Rate Westminster, CA 92683

Executive Summary

This is one of the biggest duplex in the city of Westminster that still has a lot of potential to add ADUS for additional income. Per city building official, you can build at least one ADU toward the front of the existing building. Rare find in such a highly desirable location of Westminster where it is near civic center, community parks, temples, churches, Freeways, Schools, Vietnamese restaurants and supermarket. 100% occupancy and still has rooms to increase for more rental income since current income is a bit under market value.

Property Facts

Price $1,300,000
Price Per Unit $650,000
Sale Type Investment
Cap Rate 4.25%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 20
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single Family Home
Building Size 3,411 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1938/2019
Parking Ratio 2.35/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+3 1 $3,400 2,000 - 2,200
2+1 1 $1,900 1,000 - 1,211
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
097-052-16
Land Assessment
$454,760
Improvements Assessment
$91,142
Total Assessment
$545,902

zoning

Zoning Code MultiUnits
MultiUnits
  • Listing ID: 33301348

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 8181 20th St, Westminster, CA 92683

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