14231 Springdale Street, Westminster, CA 92683 - MLS#OC25107216

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$5,950,000

Est. payment - /mo

6 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID OC25107216

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Property Description

14200 & 14231 Springdale Street is a 14-unit, value-add multifamily investment opportunity located in Westminster, CA. Located on the border of Westminster & Huntington Beach, 14200 & 14231 Springdale Street is uniquely placed in-close proximity of the area's top destinations and major employment hubs including Little Saigon, Huntington Harbour, Westminster Mall, & Bella Terra, all of which are situated within 3 miles of the property. Furthermore, the propertys proximity to Interstate 405 and State Route 22 provides residents with convenient access throughout Southern California. 14231 Springdale Street offers an attractive mix of 11, one-bedroom units, 2, two-bedroom units, & 1, three-bedroom unit on a 0.42-acre parcel while 14200 Springdale Street features no improvements on a spacious 0.55-acre parcel. There are a plethora of scenarios for new ownership to increase total unit count, such as converting the existing garage structure into accessory dwelling units (ADUs) and constructing a new 13-unit multifamily structure on the vacant parcel (14200), both of which could potentially increase cashflow significantly. Currently, the property features desirable amenities including a spacious front yard, an on-site laundry facility, and ample garage and surface parking spaces. In summary, the property's fantastic location, on the border of Huntington Beach & Westminster, offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, 14200 & 14231 Springd

Location

State CA

County Orange

Zoning Assessor

Direction Cross Streets of Springdale Street & Camphor Avenue

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 19514207

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Listed by Tyler Leeson Marcus & Millichap RE Invest

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

14231 Springdale Street Westminster, CA 92683

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION