7565 23rd Street, Westminster, California 92683, Westminster, 92683 - 0 bed, 0 bath
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Westminster, California 92683
This Shovel-Ready Development Opportunity is a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well below the $1,453,142 Fair Market Value by 17%. This valuation gap offers $253,142 in Instant Equity for buyers ready to execute fully approved plans for a modern duplex and ADU. Featuring Zoning R2, separate utility metering, and premium architectural specs like 10-foot ceilings, the project is engineered for maximum rental yield. With a New Construction Condition Rating, this asset is a high-reward acquisition ideal for Developers or Seasoned Investors looking to bypass the entitlement process.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7565 23rd Street Subject | $1,200,000* List Price | 0 | 0 | 4,125 | $352 | - |
A 8181 20th Street Sold | $1,212,000 | 0 | 0 | 3,411 | $355 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a shovel-ready new construction project with a 2026 build date. The property features approved plans for a modern duplex and ADU with high-end specifications, including 10-foot ceilings, open-concept kitchens with large islands, and en-suite bathrooms. As a brand-new development, all systems, appliances, and finishes will meet the highest current quality standards.
The property includes fully approved plans for a duplex and an ADU, allowing an investor to bypass the lengthy and uncertain entitlement process and begin construction immediately.
With three total units and separate metering for water, gas, and electricity, the property is engineered for maximum rental income and simplified utility management.
The plans feature premium upgrades such as 10-foot ceilings, private balconies, and en-suite bathrooms, which will command top-tier market rents and attract high-quality tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4125, other record living area = 891.
The $1.2M asking price is for the land and plans only, requiring the buyer to secure significant additional financing and manage the entire build process.
The seller's 30-day window before starting construction creates a high-pressure environment where the acquisition cost will increase as the project progresses.
Owner/Developer opportunity to build. This is vacant land with approved plans ready to be pulled for a duplex and an ADU in Westminster (Zoned R2). The price does NOT include construction of the 3 units. Each unit is separately metered for water, electricity and gas making management a breeze. Each duplex unit was intelligently designed to maximize space, utility, functionality and comfort, including 10’ ceilings on both the 1st and 2nd floors serving as grand design features while doubling as additional overhead storage space; 1st floor guest powder room for convenience and 2nd floor privacy; interior laundry closet; spacious open common areas with a large kitchen island; 1st floor mudroom; and attached 2-car garage. The 2nd floor of each duplex unit has a primary bedroom with an en suite bathroom, walk-in closet and balcony. The 2 secondary bedrooms (1 with a balcony) have extensive closet space and share a Jack-&-Jill bathroom with 2 separate vanity areas to accommodate each secondary bedroom. The 799 sqft ADU, also with 10’ ceilings, was efficiently designed for 2 bedrooms, 2 bathrooms, almost 13’ of closet/storage space in each bedroom, and an interior laundry closet. Seller will delay construction for 30 days to sell the property. However, Seller will start construction after 30 days and will still consider offers, but the price will be adjusted depending on the stage of construction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 4,125 | 2,862.5 | 50% |
| Lot Size | 7,313 | 7,794.5 | 50% |
| Price | $1.20M | $1.11M | 50% |
| Price per sq ft | $291 | $467 | 50% |
| Built year | 2026 | 1993 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 44 | 0% |
Apr 12, 2026
$1,200,000
Initial Listing
Dec 15, 2023
$775,000
Public Record
Feb 14, 1994
$135,000
Public Record