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7661-7681 Baylor Dr
Westminster, CA 92683
Beach West Apartments · Multifamily Property For Sale
·
54 Units
PROPERTY FACTS
| No. Units | 54 | Lot Size | 1.52 AC |
| Property Type | Multifamily | Building Size | 44,487 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | ||
| Zoning | R-5 | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 44,487 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | R-5 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Satellite TV
- Oven
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Recycling
- Walk-Up
- Smoke Detector
ABOUT 7661-7681 BAYLOR DR , WESTMINSTER, CA 92683
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Beach West Apartments, a three parcel, 54-unit multifamily investment opportunity located in Westminster, California. The 44,487 square foot property consists of one- and two-bedroom units and offers amenities including on-site laundry, central courtyards, and ample parking spaces. In 2018, 34 of the 54 units were fully renovated with upgrades including new flooring, stainless steel appliances, shaker style cabinets, new paint, new windows and more. In addition, 19 of the remaining 20 units have been partially renovated. These renovations help elevate Beach West Apartments to a higher standard of rental living. The Westminster submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.5 percent (3Q 2018) and average effective rent increase of 1.8 percent (year-over-year since 3Q 2017), demonstrating the strong demand for rental housing. Beach West Apartments offers investors the opportunity to capitalize on these strong market trends and recent renovations to increase rental income by approximately 12 percent. Given the strong market dynamics, rental demand, and current renovations Beach West Apartments is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $1,616 | 700 |
| 2+1 | 34 | $1,975 | 895 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,377,104 | |
| Land Assessment | $17,754,009 | Total Assessment | $20,131,113 |
PROPERTY TAXES
