$5,225,000
$5,950,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
0.97 Acres Lot
SOLD DATE : 08/25/2025
Key Details
Sold Price $5,225,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC25107216
Sold Date 08/25/25
HOA Y/N No
Year Built 1960
Lot Size 0.970 Acres
Property Sub-Type Apartment
Property Description
14200 & 14231 Springdale Street is a 14-unit, value-add multifamily investment opportunity located in Westminster, CA. Located on the border of Westminster & Huntington Beach, 14200 & 14231 Springdale Street is uniquely placed in-close proximity of the area's top destinations and major employment hubs including Little Saigon, Huntington Harbour, Westminster Mall, & Bella Terra, all of which are situated within 3 miles of the property. Furthermore, the property's proximity to Interstate 405 and State Route 22 provides residents with convenient access throughout Southern California. 14231 Springdale Street offers an attractive mix of 11, one-bedroom units, 2, two-bedroom units, & 1, three-bedroom unit on a 0.42-acre parcel while 14200 Springdale Street features no improvements on a spacious 0.55-acre parcel. There are a plethora of scenarios for new ownership to increase total unit count, such as converting the existing garage structure into accessory dwelling units (ADUs) and constructing a new 13-unit multifamily structure on the vacant parcel (14200), both of which could potentially increase cashflow significantly. Currently, the property features desirable amenities including a spacious front yard, an on-site laundry facility, and ample garage and surface parking spaces. In summary, the property's fantastic location, on the border of Huntington Beach & Westminster, offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, 14200 & 14231 Springdale Street represents an attractive opportunity for a new owner seeking well-located units.
Location
State CA
County Orange
Area 60 - Westminster South Of Westminster, W Of Beach
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 27
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 19514207
Energy Description 2607.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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