Residential Income – 7661 Baylor Dr, Westminster, CA 92683, USA -001-11-30T00:00:00-08:00
Beach West Apartments is a three parcel, 54-unit multifamily investment opportunity located in Westminster, California. The 44,487 square foot property consists of one- and two-bedroom units and offers amenities including on-site laundry, central courtyards,
7661 Baylor Dr, Westminster, CA 92683, USA
$18,350,000 USD
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Address7661 Baylor Drive, Westminster
Price$18,350,000
Price Changed3.16% (-$600,000, 32 days ago)
Year Built1963
Bedrooms Total0
Living Area44,487 ft2
Lot Size (Sq.Ft.)65,776
Listing IDOC19054396
StatusActive
Parcel Number09621119
Special ConditionsStandard
Days on Market68

Detailed Description: Beach West Apartments is a three parcel, 54-unit multifamily investment opportunity located in Westminster, California. The 44,487 square foot property consists of one- and two-bedroom units and offers amenities including on-site laundry, central courtyards, and ample parking spaces. In 2018,34 of the 54 units were fully renovated with upgrades including new flooring, stainless steel appliances, shaker style cabinets, new paint, new windows and more. In addition, 19 of the remaining 20 units have been partially renovated. Beach West Apartments is located within walking distance of Webber Elementary School and Sigler Park. The property is also less than one mile from Westminster Center, a major retail center offering residents easy access to national and local tenants including The Home Depot, 24-Hour Fitness, Albertsons, and the Regency Westminster. The property is located one mile or less from Beach Boulevard, Interstate 405, and State Route 22 providing residents with convenient access to employment hubs in Los Angeles and Orange Counties.

Association
Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address7661 Baylor Drive, Westminster
Street SuffixDrive
CityWestminster
Location (MLS Area)699 – Not Defined
County Or ParishOrange
State or ProvinceCA
Postal Code92683
Postal Code Plus44349
CountryUS
Financial Information
Price Changed-3.1662%
Previous Price$18,950,000
Price per Square Foot$412.48
Price per Lot Square Foot$278.98
Special ConditionsStandard
Total Expenses$437,042
Professional Management Expense$35,660
Operating Expense$437,042
Insurance Expense$12,150
Electric Expense$18,556
Water Sewer Expense$18,556
Trash Expense$18,556
Maintenance Expense$27,000
Fuel Expense$18,556
Other Expense DescriptionOther
Other Expense$63,550
Gross Operating Income$1,188,651
Gross Income$1,224,300
Gross Scheduled Income$1,224,300
Net Operating Income$751,609
Total Actual Rent$99,025
Tax Year2000
Tax Lot2
New Taxes Expense$224,458
Full Descriptions
Parcel Number09621119
Detailed DescriptionBeach West Apartments is a three parcel, 54-unit multifamily investment opportunity located in Westminster, California. The 44,487 square foot property consists of one- and two-bedroom units and offers amenities including on-site laundry, central courtyards, and ample parking spaces. In 2018,34 of the 54 units were fully renovated with upgrades including new flooring, stainless steel appliances, shaker style cabinets, new paint, new windows and more. In addition, 19 of the remaining 20 units have been partially renovated. Beach West Apartments is located within walking distance of Webber Elementary School and Sigler Park. The property is also less than one mile from Westminster Center, a major retail center offering residents easy access to national and local tenants including The Home Depot, 24-Hour Fitness, Albertsons, and the Regency Westminster. The property is located one mile or less from Beach Boulevard, Interstate 405, and State Route 22 providing residents with convenient access to employment hubs in Los Angeles and Orange Counties.
Lot FeaturesCorner Lot, Landscaped
Community FeaturesSidewalks, Street Lights
Water SourcePublic
Laundry FeaturesCommunity
Sewer DescriptionPublic Sewer
Pool FeaturesNone
Property parameters
Year Built1963
Living Area (Sq.Ft.)44,487 ft2
Lot Size (Sq.Ft.)65,776
Lot Size (Acres)1.51
Lot Size SourceAssessor
Number of Buildings3
Number of Units Leased54
Number of Units Total54
Parking Spaces80
Garage Spaces8
Uncovered Spaces62
Carport Spaces10
Water SourcePublic
Units Total54
Year Built SourceAssessor
Vacancy Allowance Rate3%
Number of Separate Water Meters1
Listed withTyler Leeson (Marcus & Millichap RE Invest)