Est. cap rate

2.5%

Assumed rent, all units

$4,740/mo

Units

2

Price per unit

$575,000

Est. annual NOI

$28,440

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

3

Building size

4,125 sqft

Lot size

7,313 sqft

Year built

2026

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

81

MLS #

240951493

About this property

Owner/Developer opportunity to build. This is vacant land with approved plans ready to be pulled for a duplex and an ADU in Westminster (Zoned R2). The price does NOT include construction of the 3 units. Each unit is separately metered for water, electricity and gas making management a breeze. Each duplex unit was intelligently designed to maximize space, utility, functionality and comfort, including 10’ ceilings on both the 1st and 2nd floors serving as grand design features while doubling as additional overhead storage space; 1st floor guest powder room for convenience and 2nd floor privacy; interior laundry closet; spacious open common areas with a large kitchen island; 1st floor mudroom; and attached 2-car garage. The 2nd floor of each duplex unit has a primary bedroom with an en suite bathroom, walk-in closet and balcony. The 2 secondary bedrooms (1 with a balcony) have extensive closet space and share a Jack-&-Jill bathroom with 2 separate vanity areas to accommodate each secondary bedroom. The 799 sqft ADU, also with 10’ ceilings, was efficiently designed for 2 bedrooms, 2 bathrooms, almost 13’ of closet/storage space in each bedroom, and an interior laundry closet. Seller will delay construction for 30 days to sell the property. However, Seller will start construction after 30 days and will still consider offers, but the price will be adjusted depending on the stage of construction.

Location

7565 23rd Street

Westminster, Orange, CA, 92683