Westminster Apartments

For Sale

8342-8402 Westminster Boulevard, Westminster, CA 92683

This Westminster property for sale is located at 8342-8402 Westminster Boulevard. The current listed sale price for Westminster Apartments is $22,800,000. Westminster Apartments is situated on a lot that is 1.84 acre in size.

Contacts

broker

Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Property Details

  • Property Type Multi-Family
  • Property Size 49,087 SF
  • Units 80
  • Lot Size 1.84 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1963
  • Date Updated Aug 28, 2024
Westminster is a city in western Orange County, California, United States. The city was founded in 1870 by Rev. Lemuel Webber as a Presbyterian temperance colony and was incorporated in 1957. Westminster is bordered by the city of Seal Beach on the west, by Garden Grove on the north and east, and by Huntington Beach and Fountain Valley on the south. Santa Ana, the county seat of Orange County, is east of Westminster. Westminster has one of the largest Vietnamese populations in the US. They settled largely in Little Saigon, and the city is known as the "capital" of overseas Vietnamese with 36,058 Vietnamese Americans and at 40.2% (2010), the highest municipal prevalence of Vietnamese Americans. In 1996 Westminster was designated an “All-America City” by the National Civic League for civic accomplishments, made possible by the cooperative efforts of business, government, the volunteer sector, and other individuals. Westminster continues to support the needs of a diverse population today and is widely seen as a welcoming community, with many services and venues to serve its visitors and residents including a 420-seat theater at the Westminster Rose Center, a satellite campus of Coastline Community College, Sid Goldstein Freedom Park, and Westminster Mall. Some of the top employers in the city of Westminster include the Westminster School District, Kindred Hospital Westminster, Walmart, Target and the City of WestminsterMorgan Skenderian is pleased to present the Westminster Apartments, a portfolio of 80 apartment units laid out over 4 contiguous parcels of land (20 units each). Built in 1963, the property is comprised of one- and two-bedroom floor plans. Property amenities include laundry facilities, an expansive courtyard and an open parking lot at the rear of the property. Newly renovated units offer new hardwood flooring, new granite countertops, new gas range/oven, custom hardwood cabinetry, custom tiled walls in the bathrooms, oversized vanities, gas heaters and ceiling fans. Through the continued modernization of the remaining units and increases on current rent levels that are projected to be nearly 37% below market, the Westminster Apartments is a stand-out for a long-term hold strategy with phenomenal growth potential and exceptional future cash-on-cash returns. Ideally located in the city of Westminster and given its close proximity to Huntington Beach, Seal Beach, Garden Grove, and Fountain Valley, residents have access to an endless amount of dining, shopping, and entertainment options. Additionally, the property is located near Highway 39 (Beach Boulevard), State Route 22 (Garden Grove Freeway) and State Route 405 (San Diego Freeway), allowing for ease of access to regional employment hubs in Los Angeles and Orange Counties.

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Highlights

  • Attractive Unit Mix of One- & Two-Bedroom Floor Plans
  • Four Contiguous Parcels (20 Units Each)
  • Value-Add Opportunity with Significant Rental Upside
  • Prime Westminster Location Near Liberty Park & City Hall
  • Phenomenal Visibility Along the City's Main Thoroughfare

Getting around

  • 88/100

    Walk Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Westminster, CA
  • Zip Code 92683
  • Market Orange County

Points of Interest

  • Carthay Circle Stop

    4.99 miles

  • Buena Vista Street Stop

    5.04 miles

  • New Orleans Square Station

    5.06 miles

  • Hollywood East Stop

    5.06 miles

  • Sunset Boulevard Stop

    5.08 miles

  • Main Street Station

    5.11 miles

  • The Hub

    5.23 miles

  • Fantasyland Station

    5.29 miles

  • Tomorrowland Station

    5.37 miles

  • Mickey's Toontown Depot

    5.37 miles

  • 76

    0.66 miles

  • Chevron

    0.71 miles

  • Shell

    0.80 miles

  • Arco

    1.76 miles

  • eVgo

    1.77 miles

  • Costco Gasoline

    1.95 miles

  • Tesla Westminster Supercharger

    1.96 miles

  • Mobil

    2.04 miles

  • OC Gas

    2.23 miles

  • ChargePoint

    4.57 miles

  • Juror Parking

    0.35 miles

  • Methodist Church Park And Ride

    1.52 miles

  • Golden West Trans Center Park And Ride

    1.89 miles

  • Golden West Trans. Center

    1.95 miles

  • Main Parking Lot

    2.29 miles

  • Admin Building Parking

    2.29 miles

  • Staff Parking

    2.41 miles

  • Church Of The Nazarene Park And Ride

    2.67 miles

  • Parking Lot

    2.98 miles

  • Mile Square Park Park And Ride

    3.03 miles

  • Best Western Palm Garden Inn

    0.55 miles

  • Executive Suites Inn

    1.60 miles

  • Super 8 Westminster CA/Huntington Beach Area

    1.62 miles

  • National Inn

    1.64 miles

  • Little Saigon Inn

    1.68 miles

  • Quality Inn & Suites Westminster Seal Beach

    1.75 miles

  • Ramada Plaza Garden Grove/Anaheim South

    1.77 miles

  • The Hotel Huntington Beach

    1.84 miles

  • SpringHill Suites Huntington Beach Orange County

    2.07 miles

  • Motel 6

    2.08 miles

  • Stater Bros.

    0.19 miles

  • Mỹ Thuận Market

    0.53 miles

  • Walmart

    0.82 miles

  • Walmart Neighborhood Market

    1.19 miles

  • John's Produce

    1.32 miles

  • ALDI

    1.33 miles

  • Phước Lộc Thọ;Asian Garden Mall

    1.39 miles

  • Albertsons

    1.49 miles

  • Thuan Phat

    1.50 miles

  • SF Supermarket

    1.56 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Doug Rodermund

Morgan Skenderian Investment Real Estate Group