13691 Charleville Dr, Westminster, CA 92683

13691 Charleville Dr, Westminster, CA 92683

Westminster, CA
$1,250,000

Property Description

INVESTMENT HIGHLIGHTS

  • Large 12,197 SF Lot | Street access from Charleville Dr & Pacific Ave
  • Unit Mix – (3) 2-Bed/1-Bath
  • Value Add w/ Significant Income Upside & ADU Capability
  • 3 units comprised of 2 buildings – 3,402 total SF
  • Front House to be delivered vacant at COE
  • Close Proximity to Westminster Gateway – Costco, Walmart, & neighboring restaurants | Easy Access to 22 & 405 Freeways

EXECUTIVE SUMMARY

13691 Charleville Dr is a well-positioned 3-unit asset located on a quiet street adjacent to Little Saigon.  The property is comprised of 2 separate buildings: (1) 2-bed/1-bath house accessible from Charleville Drive to be delivered vacant at the COE, a duplex featuring (2) 2-bed/1-bath units and (2) 1 car garages with long driveways accessible from Pacific Ave.  With the City of Westminster anticipating an R-3 rezoning in 2023 (buyer to verify), this is an ideal value-add play with significant upside.
Given the ideal location in a high-growth city and consistent income this building provides, this is a great opportunity to own a quality asset for any Los Angeles CRE investor or end owner-user.

Property Features

  • Sale Price: $1,250,000
  • Area Size: 3,402 Sq. Ft.
  • Land Area: 12,197 Sq. Ft.
  • Year Built: 1957
  • Listing Date: 11/17/2022
  • Closing Date: 12/20/2022
  • Units: 3
  • Current GRM: 16.28
  • Current Cap Rate: 4.12%
  • Price Per Unit: $383,333
  • Market GRM: 10.65
  • Market Cap Rate: 7.27%
  • Current NOI: $47,374

Lyon Stahl Investment Real Estate

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