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    18312 Milton Ave.

    Westminster, CA 92683
    • $4,850,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: PW21095962
    UPDATED: 41 min ago
    $4,850,000
    • 0
      BEDS
    • 1.01
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-02T23:25:09.043. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/116810899
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    18312 Milton Ave. Westminster, CA 92683

    • Price: $4,850,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: PW21095962
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.01
    Acres
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    59 - Westminster North of 405 & Westminster
    Property 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 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.
    Exterior Features

    Lot Features 21-25 Units/Acre View None View YN No

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning R-4

    Listing provided courtesy of Grant Hahn of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-02T23:25:09.043. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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