7781 15th Street, Westminster, California 92683, Westminster, 92683 - 0 bed, 0 bath
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Westminster, California 92683
This Quadruplex Investment Asset is listed at $2,325,000, representing a stable acquisition aligned with its $2,173,154 Fair Market Value when factoring in substantial rental upside. Offered via auction, the property features a Condition Rating of 3 and a rare configuration of a 1928 character home and a 1987 triplex on an expansive 11,326 sq ft lot, significantly larger than area averages. Key amenities include four detached garages, private patios, and remodeled units. With current rents significantly below market, this asset is a premier choice for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7781 15th Street Subject | $2,325,000* List Price | 0 | 0 | 3,836 | $567 | - |
A 13561 Arizona Street Active | $2,125,000 List Price | 0 | 0 | 4,215 | $504 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property consists of a 1928 front house and a 1987 triplex. While the front house is older, the listing indicates two of the rear units have been remodeled, and the interior photos show modern flooring and fixtures. The rear units are equipped with updated forced air heating and central AC, and the overall property shows strong pride of ownership and functional, move-in ready condition.
The property features a unique combination of a detached 1928 character home and a modern 1987 triplex, offering excellent flexibility for owner-occupancy or premium rental positioning.
Situated on a massive 11,326 sq ft lot, the asset provides four detached garages and a large concrete driveway, addressing the high demand for off-street parking in a multi-unit setting.
With separately metered utilities, central AC in the rear units, and washer/dryer hookups in all units, the property is designed for efficient management and high tenant retention.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11326, other record lot size in square feet = 11476. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3836, other record living area = 872.
The property is being offered via auction, which may introduce non-traditional purchase terms, potential buyer premiums, or financing complexities that could deter some investors.
The 1928 front residence, while charming, likely requires more specialized and frequent maintenance of its older systems and structure compared to the 1987 rear building.
Property is being offered via auction. Exceptional and truly rare 4-unit investment opportunity in the heart of Westminster. 7781 15th St. is a charming and uniquely configured multi-generational property showcasing pride of ownership and long-term stewardship. Situated on an expansive 11,326 sq ft lot, the property features a highly desirable unit mix: a detached 2-bedroom/1-bath single-family residence built in 1928, along with a rear triplex constructed in 1987 consisting of three spacious 2-bedroom/2-bath units. The front residence exudes timeless character and craftsmanship, highlighted by original solid-core doors and hardware, coved ceilings with detailed molding, a formal dining room, and wall-to-wall carpeting preserving the hardwood flooring beneath. The home enjoys a large private front and side yard, dedicated parking pad, and excellent separation from the rear units—ideal for owner-occupancy or premium rental positioning. The rear building offers well-designed layouts with strong tenant appeal. Unit B (ground level) features three sets of sliding glass doors opening to an expansive wraparound patio and yard space, creating a unique indoor-outdoor living experience. Units C and D are located upstairs and benefit from elevated positioning with open views across the property from the living and dining areas, as well as private patio spaces. Units B and C have been remodeled, enhancing overall condition and rental upside. All four units include detached garages, washer/dryer hookups, and individual water heaters. The rear units are equipped with forced air heating and central air conditioning. The property is separately metered for gas and electricity, offering efficient management and reduced landlord expense exposure. A massive concrete driveway provides abundant off-street parking in addition to the four garages. The asset presents a compelling value-add opportunity, as current rents are significantly below market with immediate and attainable rental upside. Ideal for investors, 1031 exchange buyers, or owner-users seeking long-term appreciation and income growth in a strong rental market. Conveniently located near major thoroughfares, shopping, dining, and employment hubs, this property combines historical charm, functional unit mix, and future income potential—making it a standout investment in one of Orange County’s most established communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,836 | 3,623.5 | 50% |
| Lot Size | 11,326 | 8,712 | 50% |
| Price | $2.33M | $1.77M | 50% |
| Price per sq ft | $606 | $481 | 50% |
| Built year | 1928 | 1933 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 130 | 50% |
Apr 20, 2026
$2,325,000
Initial Listing
Jul 28, 2017
$1,600,000
Public Record