13800 Milton Avenue

Westminster, CA 92683

$4,850,000
Last Sold Price
8
Beds
58
Baths
31,426 Sq. Ft.
$154 / Sq. Ft.
31,426
Sq. Ft.
$154
per Sq. Ft.

Description

$1,000,000 price reduction. A rare opportunity to acquire a medium sized, “permit ready” entitled multi-residential development opportunity. The proposed 24 unit apartment complex will have a unit mix of (7) 2 bedroom/2 bath units, (7) 2 bedroom/2.5 bath units, (6) 3 bedroom/2.5 bath units, and (4) 3 bedroom/3.5 bath units. All units will be townhouse style with attached garages and direct access from the garage into the units. The property is located within minutes of the 405 and 22 Freeways and...$1,000,000 price reduction. A rare opportunity to acquire a medium sized, “permit ready” entitled multi-residential development opportunity. The proposed 24 unit apartment complex will have a unit mix of (7) 2 bedroom/2 bath units, (7) 2 bedroom/2.5 bath units, (6) 3 bedroom/2.5 bath units, and (4) 3 bedroom/3.5 bath units. All units will be townhouse style with attached garages and direct access from the garage into the units. The property is located within minutes of the 405 and 22 Freeways and is within walking distance to both Finely Elementary and Johnson Middle Schools. The development has been approved by the city council of Westminster and includes four affordable units under the California Density Bonus program. The existing property is comprised of 3 adjacent parcels totaling 44,643 sq.ft. Currently, there is one 3 bedroom home, a 2 bedroom home, a 1 bedroom unit and a studio unit. Monthly income is $7,060 and all tenants are month to month.
  1. Listed by Grant Hahn • DRE #01197893 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 13800 Milton Avenue

Parking Spaces Total
45
Private Pool
No
Total Units
24.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
31426
Assessor Parcel Number
203-311-13
Property Attached YN
true

Location

Listing Courtesy of Morgan Skenderian, Grant Hahn, DRE #01197893

Sold By Morgan Skenderian, Grant Hahn, DRE #01197893

Add your commute
LISTING UPDATED: 12/20/2021 03:55 AM

Property Details for 13800 Milton Avenue

StatusClosed
MLS #PW21095883
Days on Market166
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2021
Lot Size1.01 AC / 43,995 SF
CountyOrange County

Location

Listing Courtesy of Morgan Skenderian, Grant Hahn, DRE #01197893

Sold By Morgan Skenderian, Grant Hahn, DRE #01197893

Add your commute

Building Information for 13800 Milton Avenue

Stories1Residences-Year Built2021Building Size-Lot Size1.01 AC / 43,995 SF

Payment Calculator

$28,014 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,468

Property Taxes

$1,546

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 13800 Milton Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $808,500
  • Gross Scheduled Income: $808,500
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $546,926
  • Financing: Cash
Expense Details
  • Operating Expense: $237,319
  • New Taxes Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Total Expenses: $237,319
Tax / Assessment Info
  • Tax Tract Number: 203...
  • Tax Census Tract: 999.02
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 21-25 Units/Acre, Lot Over 40000 Sqft
  • Number Of Units: 24
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 45
  • Parking Garage Spaces: 45
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2550
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 24

Property History for 13800 Milton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 13800 Milton Avenue

Taxable ValueLand$1,632,000Additions-Total$1,632,000
Tax Record2023$18,548 ($1,546 / month)
Home Facts
Beds1Baths1Total Finished SqFt576 SqFtAbove Grade Finished SqFt576 SqFtStories1Lot Size15,480 SqFtStyleSingle Family ResidenceYear Built1948CountyORANGEAPN203-311-13Fireplace TypeHas Fireplace

Schools near 13800 Milton Avenue

This home is within Westminster Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Finley Elementary School
PublicK to 5

Johnson Middle School
Public6 to 8

Westminster High School
Public9 to 12

Coast High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Grant Hahn, DRE #01197893

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.