18312 Milton Avenue
18312 Milton Avenue
$4,800,000
43,995 / 1.01
Closed 12/17/21
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 $7,060 and all tenants are month to month.
- Listed by Grant Hahn • DRE #01197893 • Brokerage DRE #01220368 • Morgan Skenderian
Property Details for 18312 Milton Avenue
View
None
Assessor Parcel Number203-311-16
New ConstructionNo
PoolNo
ViewNo
AssociationNo
Association Fee$.00
ZoningR-4
Location
LISTING UPDATED: 12/20/2021 03:42 AM
Property Details for 18312 Milton Avenue
Status | Closed |
---|---|
MLS # | PW21095962 |
Days on Market | 166 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 1.01 AC |
County | Orange County |
Location
Building Information for 18312 Milton Avenue
Lot Size1.01 AC
Payment Calculator
$26,196 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 18312 Milton Avenue
Property History for 18312 Milton Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 18312 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.
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