7771 15th St, Westminster, California 92683, Westminster, 92683 - bed, bath
ACTIVE$2,100,000
7771 15th St, Westminster, California 92683
0Bed
0Bath
3,870Sqft
11,326Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property features a triplex configuration (duplex + separate house) with individual electric and gas meters for each unit, offering multiple income streams and simplified tenant utility management.
Top Cons:
Unpermitted Structure: The presence of an unpermitted studio behind Unit #3 poses legal and financial risks, potentially requiring costly legalization, demolition, or fines.
Compared to the nearby listings
Price:$2.10M vs avg $1.75M (+$350,000)75%
Size:3,870 sqft vs avg 3,901.5 sqft50%
Price/sqft:$543 vs avg $43175%
More Insights
Built in 1983 (42 years old).
Condition: The property was built in 1983, making it 41 years old. Crucially, the listing explicitly states 'Viewing is a drive-by only; please do not disturb the tenants,' and no interior images are provided. For a property of this age, the complete absence of interior photos, especially of kitchens and bathrooms, strongly suggests that these areas, along with other major systems and finishes, are significantly outdated and likely require substantial repairs and rehabilitation to meet modern standards. The presence of an 'unpermitted studio' also indicates potential issues requiring significant attention. Without any evidence of recent renovations, it is reasonable to assume the interior condition is poor.
Year Built
1983
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$543
HOA
-
Days on market
-
Sold On
-
MLS number
PW24255319
Home ConditionPoor
Features
View-
About this home
Great Location in Westminster, just off Beach Blvd. A massive lot of property for potential development. A duplex in front, 984 sqft, has two bedrooms and one bath; Unit #1 downstairs has a two-car garage attached; Unit #2 upstairs has a one-car garage; Laundry hook-up inside each unit. Unit#3 is a three-bedroom and two-bathroom house, 1984 sqft, with its laundry hook-up and two-car garage attached with an unpermitted studio behind it. Each unit has its electric and gas meter. The property is zoned R4, Multi Family Dwelling. The prime location is near shopping, entertainment, and restaurants: Bella Tera, Costco, Rodeo 39; excess 405, 22 Fwy, and 15 minutes from the beach! Viewing is a drive-by only; please do not disturb the tenants. Offers are to be made subject to interior inspection.
Condition Rating
Poor
The property was built in 1983, making it 41 years old. Crucially, the listing explicitly states 'Viewing is a drive-by only; please do not disturb the tenants,' and no interior images are provided. For a property of this age, the complete absence of interior photos, especially of kitchens and bathrooms, strongly suggests that these areas, along with other major systems and finishes, are significantly outdated and likely require substantial repairs and rehabilitation to meet modern standards. The presence of an 'unpermitted studio' also indicates potential issues requiring significant attention. Without any evidence of recent renovations, it is reasonable to assume the interior condition is poor.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features a triplex configuration (duplex + separate house) with individual electric and gas meters for each unit, offering multiple income streams and simplified tenant utility management.
Development Opportunity: Situated on a massive R4 zoned lot, this property presents significant potential for future multi-family development or expansion.
Prime Location & Accessibility: Excellent location in Westminster, just off Beach Blvd, with convenient access to major freeways (405, 22), popular shopping centers (Bella Terra, Costco, Rodeo 39), entertainment, and only 15 minutes from the beach.
Dedicated Parking & Laundry: Each unit benefits from attached garages (2-car for Unit #1, 1-car for Unit #2, 2-car for Unit #3) and individual laundry hook-ups, enhancing tenant convenience and property appeal.
Versatile Property Configuration: The mix of a 2-bedroom/1-bath duplex and a 3-bedroom/2-bathroom house caters to a diverse tenant pool, potentially maximizing occupancy and rental income.
Cons
Unpermitted Structure: The presence of an unpermitted studio behind Unit #3 poses legal and financial risks, potentially requiring costly legalization, demolition, or fines.
Restricted Buyer Access: The 'drive-by only' viewing policy and prohibition against disturbing tenants severely limit a buyer's ability to conduct thorough interior inspections and assess the true condition of the units.
Age and Potential for Deferred Maintenance: Built in 1983, the property is over 40 years old, suggesting a higher likelihood of requiring significant updates, repairs, or deferred maintenance that cannot be fully evaluated without interior access.