8342-8402 Westminster Boulevard

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 8342 Westminster Blvd., Westminster, CA 92683, USA
Created date: January 30, 2024
Date last updated: July 2, 2024
  • Attractive Unit Mix of One- & Two-Bedroom Floor Plans
  • Four Contiguous Parcels (20 Units Each)
  • Value-Add Opportunity with Significant Rental Upside
  • Prime Westminster Location Near Liberty Park & City Hall
  • Phenomenal Visibility Along the City's Main Thoroughfare

Property Description

Morgan Skenderian is pleased to present the Westminster Apartments, a portfolio of 80 apartment units laid out over 4 contiguous parcels of land (20 units each). Built in 1963, the property is comprised of one- and two-bedroom floor plans. Property amenities include laundry facilities, an expansive courtyard and an open parking lot at the rear of the property. Newly renovated units offer new hardwood flooring, new granite countertops, new gas range/oven, custom hardwood cabinetry, custom tiled walls in the bathrooms, oversized vanities, gas heaters and ceiling fans. Through the continued modernization of the remaining units and increases on current rent levels that are projected to be nearly 37% below market, the Westminster Apartments is a stand-out for a long-term hold strategy with phenomenal growth potential and exceptional future cash-on-cash returns. Ideally located in the city of Westminster and given its close proximity to Huntington Beach, Seal Beach, Garden Grove, and Fountain Valley, residents have access to an endless amount of dining, shopping, and entertainment options. Additionally, the property is located near Highway 39 (Beach Boulevard), State Route 22 (Garden Grove Freeway) and State Route 405 (San Diego Freeway), allowing for ease of access to regional employment hubs in Los Angeles and Orange Counties.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $22,800,000
No. of Units: 80
Year Built: 1963
Lot Size: 1.84 Sq ft
Opportunity Zone: No
Price per unit: $285,000
Property Website Click Here
Address: 8342-8402 Westminster Boulevard, Westminster, CA 92683, USA
Provided by:

Similar Properties in the Area

209 Kaye St

Santa Cruz , California
California & West + Apartment Buildings
Units: 6
Price: $1,495,000

830 Cowper St

Palo Alto , California
California & West + Apartment Buildings
Units: 6
Price: $4,295,000

818 Cowper St

Palo Alto , California
California & West + Apartment Buildings
Units: 7
Price: $4,295,000

Brokers

View All
popup background image