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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 5,950,000
Est. payment | /mo
9,214 SqFt
$ 5,950,000
Est. payment | /mo
9,214 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,214 sqft
Price per Sqft $645
MLS Listing ID CROC25107216
HOA Y/N No
Year Built 1960
Lot Size 0.970 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
14200 & 14231 Springdale Street is a 14-unit, value-add multifamily investment opportunity located in Westminster, CA. Located on the border of Westminster & Huntington Beach, 14200 & 14231 Springdale Street is uniquely placed in-close proximity of the area's top destinations and major employment hubs including Little Saigon, Huntington Harbour, Westminster Mall, & Bella Terra, all of which are situated within 3 miles of the property. Furthermore, the property’s proximity to Interstate 405 and State Route 22 provides residents with convenient access throughout Southern California. 14231 Springdale Street offers an attractive mix of 11, one-bedroom units, 2, two-bedroom units, & 1, three-bedroom unit on a 0.42-acre parcel while 14200 Springdale Street features no improvements on a spacious 0.55-acre parcel. There are a plethora of scenarios for new ownership to increase total unit count, such as converting the existing garage structure into accessory dwelling units (ADUs) and constructing a new 13-unit multifamily structure on the vacant parcel (14200), both of which could potentially increase cashflow significantly. Currently, the property features desirable amenities including a spacious front yard, an on-site laundry facility, and ample garage and surface parking spaces. In s
Location
State CA
County Orange
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Level
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767