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14267 Village Way 4 Unit Apartment Building $1,595,000 ($398,750/Unit) 4.55% Cap Rate Westminster, CA 92683



INVESTMENT HIGHLIGHTS
- Each unit offers 2 bedrooms and 1.5 bathrooms across approximately 1,190 square feet, appealing to long-term renters seeking privacy and space.
- The HOA covers the trash expenses as well as roof maintenance, fire insurance, landscaping, and exterior building upkeep.
- Less than two miles from Golden West College and major employment and retail hubs along Beach Boulevard and at Bella Terra.
- The building features private patios, security doors, garage and surface parking, and on-site laundry, enhancing resident comfort and convenience.
- Walking distance to Willmore Elementary School, Westminster High School, and Sigler Park, providing strong appeal for family-oriented tenants.
- Convenient access to Beach Boulevard, State Route 22, and Interstate 405.
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap is pleased to present 14267 Village Way, a 4-unit multifamily property located within an HOA community in the heart of Westminster, California.
Built in 1963, the property features four 2-bedroom, 1.5-bathroom townhome-style units totaling approximately 4,758 rentable square feet, offering residents spacious floor plans rarely found in comparable assets.
Each unit features a private patio and security door, enhancing comfort, privacy, and resident appeal. Community amenities include garage and surface parking as well as on-site laundry, providing added convenience for tenants. The homeowners association covers the trash expense as well as key exterior expenses including roof maintenance, fire insurance, landscaping, and building exterior upkeep, allowing an investor to benefit from reduced operational oversight and predictable maintenance costs.
Located within walking distance of Willmore Elementary School, Westminster High School, and Sigler Park, the property appeals to family and long-term renters alike. Residents enjoy excellent regional connectivity with easy access to Beach Boulevard, State Route 22, and Interstate 405, and are less than two miles from Golden West College and Bella Terra, one of Huntington Beach’s premier retail and dining destinations.
With its desirable townhouse layouts, covered exterior maintenance, and proximity to major employment, education, and retail centers, 14267 Village Way represents a rare opportunity to acquire a low-density multifamily asset offering both stability and meaningful long-term upside in one of Orange County’s most established rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Built in 1963, the property features four 2-bedroom, 1.5-bathroom townhome-style units totaling approximately 4,758 rentable square feet, offering residents spacious floor plans rarely found in comparable assets.
Each unit features a private patio and security door, enhancing comfort, privacy, and resident appeal. Community amenities include garage and surface parking as well as on-site laundry, providing added convenience for tenants. The homeowners association covers the trash expense as well as key exterior expenses including roof maintenance, fire insurance, landscaping, and building exterior upkeep, allowing an investor to benefit from reduced operational oversight and predictable maintenance costs.
Located within walking distance of Willmore Elementary School, Westminster High School, and Sigler Park, the property appeals to family and long-term renters alike. Residents enjoy excellent regional connectivity with easy access to Beach Boulevard, State Route 22, and Interstate 405, and are less than two miles from Golden West College and Bella Terra, one of Huntington Beach’s premier retail and dining destinations.
With its desirable townhouse layouts, covered exterior maintenance, and proximity to major employment, education, and retail centers, 14267 Village Way represents a rare opportunity to acquire a low-density multifamily asset offering both stability and meaningful long-term upside in one of Orange County’s most established rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$118,200
|
$24.84
|
| Other Income |
$600
|
$0.13
|
| Vacancy Loss |
$3,546
|
$0.75
|
| Effective Gross Income |
$115,254
|
$24.22
|
| Taxes |
$17,582
|
$3.70
|
| Operating Expenses |
$25,081
|
$5.27
|
| Total Expenses |
$42,663
|
$8.97
|
| Net Operating Income |
$72,591
|
$15.26
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $118,200 |
| Annual Per SF | $24.84 |
| Other Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.13 |
| Vacancy Loss | |
|---|---|
| Annual | $3,546 |
| Annual Per SF | $0.75 |
| Effective Gross Income | |
|---|---|
| Annual | $115,254 |
| Annual Per SF | $24.22 |
| Taxes | |
|---|---|
| Annual | $17,582 |
| Annual Per SF | $3.70 |
| Operating Expenses | |
|---|---|
| Annual | $25,081 |
| Annual Per SF | $5.27 |
| Total Expenses | |
|---|---|
| Annual | $42,663 |
| Annual Per SF | $8.97 |
| Net Operating Income | |
|---|---|
| Annual | $72,591 |
| Annual Per SF | $15.26 |
PROPERTY FACTS
| Price | $1,595,000 | Property Subtype | Apartment |
| Price Per Unit | $398,750 | Building Class | C |
| Sale Type | Investment | Building Size | 4,758 SF |
| Cap Rate | 4.55% | No. Stories | 2 |
| Gross Rent Multiplier | 13.43 | Year Built | 1963 |
| No. Units | 4 | Parking Ratio | 0.84/1,000 SF |
| Property Type | Multifamily |
| Price | $1,595,000 |
| Price Per Unit | $398,750 |
| Sale Type | Investment |
| Cap Rate | 4.55% |
| Gross Rent Multiplier | 13.43 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 4,758 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.84/1,000 SF |
AMENITIES
UNIT AMENITIES
- Patio
SITE AMENITIES
- Security System
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | 1,190 |
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PROPERTY TAXES
| Parcel Number | 939-100-30 | Total Assessment | $1,649,034 |
| Land Assessment | $1,452,075 | Annual Taxes | $17,582 ($3.70/SF) |
| Improvements Assessment | $196,959 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
939-100-30
Land Assessment
$1,452,075
Improvements Assessment
$196,959
Total Assessment
$1,649,034
Annual Taxes
$17,582 ($3.70/SF)
Tax Year
2025 Payable 2025
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14267 Village Way
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