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13561 Arizona St 4 Unit Apartment Building $2,085,000 ($521,250/Unit) 4.74% Cap Rate Westminster, CA 92683



Executive Summary
Located in a high-demand Westminster neighborhood, this pride-of-ownership fourplex features a rare and versatile unit mix, including a massive three-bedroom, two-bathroom front unit alongside two spacious two-bedroom units and one one-bedroom unit. The entire property has been meticulously renovated and is fully leased at current market rates, offering an immediate turnkey investment with strong "bread and butter" stability. Residents benefit from exceptional amenities such as on-site laundry facilities and a superior parking ratio of nine total spaces, consisting of four private garages and five open surface spots.
The asset is strategically positioned within a mile of the Walmart Supercenter and major retail hubs, providing a "walkable" lifestyle that appeals to long-term tenants. With separate meters for gas and electricity, the property maintains low owner expenses while sitting in a tight inventory market with a high 8/10 GreatSchools rated high school nearby. This offering represents a premier opportunity to acquire a renovated, income-producing asset in a sub-market known for its consistent rental demand and proximity to the I-405 and CA-22 freeways.
The asset is strategically positioned within a mile of the Walmart Supercenter and major retail hubs, providing a "walkable" lifestyle that appeals to long-term tenants. With separate meters for gas and electricity, the property maintains low owner expenses while sitting in a tight inventory market with a high 8/10 GreatSchools rated high school nearby. This offering represents a premier opportunity to acquire a renovated, income-producing asset in a sub-market known for its consistent rental demand and proximity to the I-405 and CA-22 freeways.
Property Facts
| Price | $2,085,000 | Apartment Style | Garden |
| Price Per Unit | $521,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.74% | Building Size | 7,376 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.3 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1965/2026 |
| Property Type | Multifamily | Parking Ratio | 0.68/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,085,000 |
| Price Per Unit | $521,250 |
| Sale Type | Investment |
| Cap Rate | 4.74% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,376 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2026 |
| Parking Ratio | 0.68/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Heating
- Refrigerator
- Oven
- Walk-In Closets
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,123 | 700 |
| 2+1 | 1 | $2,723 | 900 |
| 2+2 | 1 | $2,823 | 1,000 |
| 3+2 | 1 | $3,845 | 1,300 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 096-262-13 | Improvements Assessment | $208,464 |
| Land Assessment | $293,366 | Total Assessment | $501,830 |
Property Taxes
Parcel Number
096-262-13
Land Assessment
$293,366
Improvements Assessment
$208,464
Total Assessment
$501,830
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