$4,850,000 18312 Milton Ave. Westminster, CA

MLS: PW21095962   Type: Land   County: Orange   City: Westminster   Area: Westminster North Of 405 & Westminster   Neighborhood: Other   Zip: 92683  

Mortgage $22,770 /mo



Half Baths

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$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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Price History

5/5/2021 Listed $5,850,000
6/7/2021 18% - $4,850,000

Additional Parcels Description 203-311-24
Additional Parcels Y/N Yes
Association Y/N No
Community Features Sidewalks
HOA Fee 0
Land Lease Y/N No
Listing Agent Grant Hahn - BRE#01197893
Listing Agent State License 01197893
MLS Area 59 - Westminster North of 405 & Westminster
Property Type Land
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Subdivision Name Other (OTHR)
Terms Cash, Cash to New Loan
View None
Zoning R-4

Exterior Features

Lot Features 21-25 Units/Acre
Lot Size Acres 1.01
Lot Size Area 1.01
Lot Size Square Feet 43996
Lot Size Units Acres
View Y/N No
Water Source Public

Property Schools

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Property vs Zip Code Avg (92683)

Price 4.85M Avg 3.11M

Acres 1.01 Avg 0.51

Visits 166 Avg 272

Days on Site 135 Avg 245

Walkscore® 54 Avg 63

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Grant Hahn with Morgan Skenderian - 949-251-8800

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA