Two-Home Multifamily
New
For Sale
$1,100,000
14142 Locust, Westminster, CA 92683
Two residences occupy a corner parcel in Westminster, with a garage serving the front home.
Property Size2,200 SF
Days on Market3
Property Features for 14142 Locust
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Building Details
Building Size
2,200 SF
Year Built
1949
Buildings
2
Listing Agency:
Coldwell Banker Realty
Listed By:
Mike Meyers · License #01188641
(714) 394-7878
Source:
Altamirarealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
At 14142 Locust, the property comprises two homes on a corner lot. The front residence has 2 bedrooms, 1 bathroom, and a garage; the rear home provides 4 bedrooms and 2 bathrooms. The property was built in 1949 and is located in Westminster, California.
Key Highlights
- Two homes on a corner lot
- Front residence has 2 bedrooms, 1 bathroom, and a garage
- Rear home includes 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,992
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,840
$839.8K
Cap Rate 7%
$599,886
$599.9K
Cap Rate 9%
$466,578
$466.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$79.2K $36.00/SF
− Vacancy
−$2.9K −$1.30/SF
EGI
$76.3K $34.70/SF
− OpEx
−$34.4K −$15.62/SF
NOI
$42.0K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,840
Cap Rate 7%
$599,886
Cap Rate 9%
$466,578
Alternative Uses
Best Use
Apartment 5plus
$599.9K
$524.9K – $699.9K
NOI $41,992 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$738.9K
$646.6K – $862.1K
NOI $51,726 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Explore this area
Business Placement
Demographics for 92683, CA
90,946
Population
29,075
Households
3.1
Avg Household Size
42
Median Age
26%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
9,376
Density / Sq Mi
$82,703
Median Household Income
$39,821
Median Earnings
$2,101
Median Rent
$820,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences occupy a corner parcel in Westminster, with a garage serving the front home.
Where is this multifamily property located?
The property is located at 14142 Locust Westminster, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two homes on a corner lot; Front residence has 2 bedrooms, 1 bathroom, and a garage; Rear home includes 4 bedrooms and 2 bathrooms
