7161 Main Street, Westminster, California 92683, Westminster, 92683 - 7 bed, 3 bath
ACTIVE$1,499,000
7161 Main Street, Westminster, California 92683
7Beds
3Baths
2,460Sqft
8,398Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a triplex with a desirable unit mix (two 3B/1B, one 2B/1B), offering immediate multiple income streams and strong investment potential.
Top Cons:
Age of Property: Built in 1962, the property is over 60 years old, suggesting potential for outdated infrastructure, systems, and finishes that may require significant capital expenditure for modernization and deferred maintenance.
Compared to the nearby listings
Price:$1.50M vs avg $1.57M ($-75,500)50%
Size:2,460 sqft vs avg 3,672 sqft25%
Price/sqft:$609 vs avg $43175%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, this triplex is 62 years old and shows significant signs of age and lack of major renovation. All three units feature extremely dated kitchens with original-style wood cabinets, laminate countertops, older white appliances, and fluorescent lighting. The bathrooms are equally outdated with old vanities, dated fixtures, and linoleum flooring. Carpets are worn, and windows appear to be original. While functional, the property requires substantial rehabilitation and modernization to meet current living standards and tenant expectations, aligning with the 'poor' condition criteria.
Year Built
1962
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$609
HOA
-
Days on market
-
Sold On
-
MLS number
PW25014855
Home ConditionPoor
Features
ViewNeighborhood
About this home
Fantastic investment opportunity in Westminster! This triplex features two units with 3 bedrooms and 1 bathroom each, plus a third unit with 2 bedrooms and 1 bathroom. Each unit includes its own two-cars on driveway. The property sits on a spacious 8,400 sq. ft. lot, zoned R3 for multifamily residential use. Located near the Asian Little Saigon Mall, shopping centers, schools, Golden West Park, and various entertainment options, the property is also just a few miles from the beach. Enjoy convenient access to the 405 Freeway and Beach Blvd (Hwy 39). This property offers great potential for increased income, with a detached two-car garage that can be converted into a JADU. Don’t miss this incredible opportunity!
Condition Rating
Poor
Built in 1962, this triplex is 62 years old and shows significant signs of age and lack of major renovation. All three units feature extremely dated kitchens with original-style wood cabinets, laminate countertops, older white appliances, and fluorescent lighting. The bathrooms are equally outdated with old vanities, dated fixtures, and linoleum flooring. Carpets are worn, and windows appear to be original. While functional, the property requires substantial rehabilitation and modernization to meet current living standards and tenant expectations, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex with a desirable unit mix (two 3B/1B, one 2B/1B), offering immediate multiple income streams and strong investment potential.
R3 Zoning & ADU Potential: Situated on a spacious 8,400 sq. ft. R3 zoned lot, the property offers significant value-add potential, including the conversion of the detached two-car garage into a Junior Accessory Dwelling Unit (JADU) for increased income.
Prime Location & Accessibility: Strategically located near Asian Little Saigon Mall, shopping centers, schools, parks, entertainment, and a few miles from the beach, with convenient access to the 405 Freeway and Beach Blvd (Hwy 39), enhancing tenant appeal and property value.
Spacious Lot Size: The generous 8,400 sq. ft. lot provides ample space for parking, potential outdoor amenities, or future expansion, a valuable asset for a multi-family property.
Dedicated Parking: Each unit benefits from its own two-car driveway, a significant convenience for tenants and a strong selling point in a multi-unit residential property.
Cons
Age of Property: Built in 1962, the property is over 60 years old, suggesting potential for outdated infrastructure, systems, and finishes that may require significant capital expenditure for modernization and deferred maintenance.
Limited Bathroom-to-Bedroom Ratio: Each unit, including the two 3-bedroom units, features only one bathroom, which can be a functional constraint for larger households and may impact tenant demand or achievable rental rates.
Unspecified Current Condition/Renovations: While presented as an investment opportunity, the listing does not detail any recent renovations or upgrades, implying the property may be in original or dated condition, necessitating immediate investment to optimize rental income and tenant satisfaction.