Address
18312 Milton Ave. Westminster, CA
Price
$ 4,850,000
Property Attributes
  • MLS#PW21095962
  • TypeLand
  • CountyORANGE
  • CityWestminster
  • AreaWestminster North of 405 & Westminster
  • NeighborhoodOther
  • Zip92683
  • Style
  • Price$ 4,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.01 Acres
Listing Provided Courtesy Of:
Grant Hahn with Morgan Skenderian - 949-251-8800
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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.

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

General Features

Additional Parcels Description 203-311-24
Additional Parcels Y/N Yes
Community Features Sidewalks
Listing Agent Grant Hahn - BRE#01197893
Listing Agent State License 01197893
MLS Area 59 - Westminster North of 405 & Westminster
Property Type Land
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
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 92683

Price
AVG $4.4M
$4.85M
Visits
AVG 397
180
Walkscore
AVG 62
54
Data Provided by Walkscore ® not using MLS data

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