8032 18th Street, Westminster, California 92683, Westminster, 92683 - bed, bath
ACTIVE$1,395,000
8032 18th Street, Westminster, California 92683
0Bed
0Bath
11,050Sqft
11,050Lot
Year Built
1947
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$126
HOA
-
Days on market
-
Sold On
-
MLS number
PW25153541
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros.
Located in the heart of Westminster's Little Saigon district. This was beautifully remodeled with 2 separate units. The first unit: 2Beds, 1 Bath. The second Unit: 2Beds, 1 Bath. This property presents an excellent opportunity for both living and investment income with gross rental income 2024: $89,204.00. The huge lot size is: 11,050 SQF and zoned for mixes-use. MU40 (Mixed-Use 40 units/acres). City allow can build 5 to 6 units or commercial building. All furniture includes in the sale price. A MUST TO SEE.
Condition Rating
Good
The property was built in 1947 but has been remodeled. The listing mentions it was 'beautifully remodeled' and the images show updated kitchens and bathrooms with modern finishes. While the appliances in the kitchen are not top-of-the-line, they appear to be in good condition. The flooring and fixtures also appear to be updated. Given the age and remodel, it's likely in good condition, move-in ready with no immediate renovation required.
Pros & Cons
Pros
Investment Opportunity: The property features two separate units, providing immediate rental income potential.
High Rental Income: Gross rental income of $89,204.00 in 2024 indicates a strong income-generating asset.
Large Lot Size: The 11,050 SQF lot offers ample space and potential for expansion or development.
Mixed-Use Zoning: MU40 zoning allows for the construction of 5-6 units or a commercial building, increasing development flexibility.
Fully Furnished: All furniture is included in the sale price, reducing move-in costs and attracting immediate tenants.
Cons
Year Built: Built in 1947, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation Costs: While remodeled, older construction may reveal unexpected issues requiring further investment.
Market Competition: The Little Saigon area is a desirable location, but it may also have high competition from other investment properties.