7042 Fenway Drive

Westminster, CA 92683

$4,250,000
Last Sold Price
2
Beds
10
Baths
9,630 Sq. Ft.
$441 / Sq. Ft.
9,630
Sq. Ft.
$441
per Sq. Ft.

Description

Opportunity to own a beautiful property in Westminster, with very low maintenance and immediate cash flow. Property has been renovated throughout, allowing an investor purchase a property with an ideal unit mix of all two bedroom units in a quality location that will provide immediate cash flow.Opportunity to own a beautiful property in Westminster, with very low maintenance and immediate cash flow. Property has been renovated throughout, allowing an investor purchase a property with an ideal unit mix of all two bedroom units in a quality location that will provide immediate cash flow.
  1. Listed by Christopher Pettit • DRE #01983950 • Brokerage DRE #02014153 • Skyline Commercial Real Estate
  2. Listed by Bobby Aschtiani • DRE #02048373 • Brokerage DRE #02014153 • Skyline Commercial Real Estate

Property Details for 7042 Fenway Drive

Parking Spaces Total
20
Private Pool
No
Cooling Type
Wall/Window
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9630
Assessor Parcel Number
096-051-02

Location

Listing Courtesy of Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950; Skyline Commercial Real Estate, Bobby Aschtiani, DRE #02048373

Sold By Coldwell Banker-Campbell Rltrs, Brent Friedland, DRE #01311846; Coldwell Banker-Campbell Rltrs, Robert Marroche, DRE #01406209

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LISTING UPDATED: 08/05/2021 09:24 AM

Property Details for 7042 Fenway Drive

StatusClosed
MLS #OC21086332
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
CountyOrange County

Location

Listing Courtesy of Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950; Skyline Commercial Real Estate, Bobby Aschtiani, DRE #02048373

Sold By Coldwell Banker-Campbell Rltrs, Brent Friedland, DRE #01311846; Coldwell Banker-Campbell Rltrs, Robert Marroche, DRE #01406209

Add your commute

Building Information for 7042 Fenway Drive

Building/Complex7042 Fenway DrFloor-Stories2Residences-Pet Policy-Year Built1977Building Size-

Payment Calculator

$27,448 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,194

Property Taxes

$4,254

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7042 Fenway Drive

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Other
Income / Expense / Tax Details
Income Details
  • Gross Income: $256,752
  • Gross Scheduled Income: $247,236
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $177,634
  • Laundry Income: $1,800
  • Other Income Description: RUBS
  • Other Income 1: $6,516
  • Gross Multiplier: 16.65
  • Cap Rate: 4.16
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $71,700
  • New Taxes Expense: $50,185
  • Electric Expense: $495
  • Insurance Expense: $3,371
  • Professional Management Expense: $0
  • Trash Expense: $2,964
  • Water Sewer Expense: $3,634
  • Total Expenses: $71,700
Tax / Assessment Info
  • Tax Tract Number: 10005
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Balcony, Ceiling Fan(s), Copper Plumbing Full, Granite Counters
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
Exterior Features
  • Window Features: Double Pane Windows
  • Roof: Composition, Flat, Mixed
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,060
  • Unit Type Total Rent: $2,060
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 7042 Fenway Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7042 Fenway Drive

Taxable ValueLand$3,813,410Additions$521,590Total$4,335,000
Tax Record2023$51,047 ($4,254 / month)
Home Facts
Total Finished SqFt9,619 SqFtAbove Grade Finished SqFt9,619 SqFtStories2Lot Size17,980 SqFtStyleMulti-Family Res (5+ Units)Year Built1977CountyORANGEAPN096-051-02

Schools near 7042 Fenway Drive

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
Schmitt 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 Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950; Skyline Commercial Real Estate, Bobby Aschtiani, DRE #02048373

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.