MLS® ID: PW18273926

7251 20th Street

Westminster, California, 92683

$1,925,000 Active
  • - SQFT
The property has been approved and entitled to build 11 multi-residential units. The proposed 11 unit apartment complex will have a unit mix of (2) 1 bedroom/1.5 bath units, (9) 2 bedroom/2.5 bath units. All units will be townhouse style with attached garages and direct access from the garage into the units. The property is located within minutes of the 405 and 22 Freeways and is within walking distance to Schmitt Elementary School. The development has been approved by the city council of Westminster and includes two affordable units under the California Density Bonus program. The city of Westminster has not had development of new for rent units in a long time, as a result the rental market is extremely tight with an vacancy rate of only 3%. The medianage or year built of apartments within a 5 mile radius is 1966. Less than 1% of the rentalhousing in a 5 mile radius was built since 2010. Upon completion of the development, the developer will have one of the nicest apartment buildings in the area which will command top of the market rents. The existing property is comprised of 3 adjacent parcels totaling 15,341 sq.ft. Currently, there is one 2 bedroom home, and 2 duplexes with four 1 bedroom units.
Read More

Listing courtesy of Morgan Skenderian

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    92683
  • Office name
    Morgan Skenderian
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    R5 (25 units per acre)
  • Year built
    0
  • Lot size
    15341.00
  • Tax year
    0
  • Agent name
    Grant Hahn
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $1.75m-$2m
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    PB8846
  • Agent ID
    PHAHNGRA

Location

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info