7311 Main Street

Westminster, CA 92683

$3,400,000
Last Sold Price
18
Beds
12
Baths
7,269 Sq. Ft.
$468 / Sq. Ft.
7,269
Sq. Ft.
$468
per Sq. Ft.

Description

Amazing income potential! This 9 unit property boasts an enormous lot with a large yard and lush trees. Lots of parking and driveway space. Approach the property and see 2 SFRs with a 1 car garage for each unit. A couple steps away are TWO duplexes featuring 4 units total with 1 car each. Located towards the back of the property, the 2 story structure, built in late 80s, has an additional 3 units and also include a 1 car garage for each unit. Meters for utilities include 9 gas, 10 electric, and 4...Amazing income potential! This 9 unit property boasts an enormous lot with a large yard and lush trees. Lots of parking and driveway space. Approach the property and see 2 SFRs with a 1 car garage for each unit. A couple steps away are TWO duplexes featuring 4 units total with 1 car each. Located towards the back of the property, the 2 story structure, built in late 80s, has an additional 3 units and also include a 1 car garage for each unit. Meters for utilities include 9 gas, 10 electric, and 4 water meters. For additional income, large yard can be used to potentially build more units. Only minutes away from Sigler Park, Westminster Gateway shopping center, Westminster Mall, Little Saigon, 22 FWY, and 405 FWY. See the potential soon!
  1. Listed by Elizabeth Do • DRE #01473012 • Brokerage DRE #01932401 • Keller Williams Realty

Property Details for 7311 Main Street

Parking Spaces Total
18
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7269
Assessor Parcel Number
096-124-34
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Realty, Elizabeth Do, DRE #01473012

Sold By Keller Williams Realty, Elizabeth Do, DRE #01473012; Keller Williams Realty, Long John Nguyen, DRE #02038828

Add your commute
LISTING UPDATED: 06/24/2021 05:11 AM

Property Details for 7311 Main Street

StatusClosed
MLS #OC21097949
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyOrange County

Location

Listing Courtesy of Keller Williams Realty, Elizabeth Do, DRE #01473012

Sold By Keller Williams Realty, Elizabeth Do, DRE #01473012; Keller Williams Realty, Long John Nguyen, DRE #02038828

Add your commute

Building Information for 7311 Main Street

Building/Complex7311 Main StFloor-Stories1Residences-Pet Policy-Year Built1962Building Size-

Payment Calculator

$22,060 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,555

Property Taxes

$3,505

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7311 Main Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $228,600
  • Gross Scheduled Income: $228,600
  • Net Operating Income: $175,236
  • Financing: Cash
Expense Details
  • Operating Expense: $53,364
  • New Taxes Expense: $38,150
  • Fuel Expense: $0
  • Electric Expense: $2,600
  • Insurance Expense: $5,024
  • Professional Management Expense: $0
  • Trash Expense: $2,964
  • Water Sewer Expense: $4,626
  • Total Expenses: $53,364
Tax / Assessment Info
  • Tax Tract Number: 099...
  • Tax Lot: 30
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Greenbelt, Landscaped, Lawn
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Parking: Yes
  • Parking Garage: Driveway, Garage, Uncovered
  • Uncovered Spaces: 9
  • Open Other Spaces Total: 9
  • Parking Garage Spaces: 9
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,490
  • Unit Type Total Rent: $1,490
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 4

Property History for 7311 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7311 Main Street

Taxable ValueLand$3,088,303Additions$449,057Total$3,537,360
Tax Record2023$42,060 ($3,505 / month)
Home Facts
Beds2Total Finished SqFt849 SqFtAbove Grade Finished SqFt849 SqFtStories1Lot Size33,713 SqFtStyleSingle Family ResidenceYear Built1962CountyORANGEAPN096-124-34

Schools near 7311 Main Street

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

Helen Stacey 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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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 Keller Williams Realty, Elizabeth Do, DRE #01473012

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.