18312 Milton Avenue

Westminster, CA 92683

$4,800,000
Last Sold Price
43,995 / 1.01
Lot Size / Acres

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 18312 Milton Avenue

View
None
Assessor Parcel Number
203-311-16
New Construction
No
Pool
No
View
No
Association
No
Association Fee
$.00
Zoning
R-4

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 03:42 AM

Property Details for 18312 Milton Avenue

StatusClosed
MLS #PW21095962
Days on Market166
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size1.01 AC
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 18312 Milton Avenue

Lot Size1.01 AC

Payment Calculator

$26,196 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,196

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 18312 Milton Avenue

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Exterior Features
  • View Description: None
Distance To
  • Distance To Water: 10
Land/Lot Info
  • Additional Parcels Description: 203-311-24
  • Lot Features: 21-25 Units/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)

Property History for 18312 Milton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar 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.