Westminster Income Property with
For Sale
$1,350,000
14181 Roxanne Dr, Westminster, CA 92683
High-income rental property featuring a main house and permitted ADU.
Property Size1,943 SF
Price / SF$694.80
Days on Market103
Property Features for 14181 Roxanne Dr
General Information
Standard status
Active
Size
1,943 SF
Property subtype
Investment
Building Details
Building Size
1,943 SF
Year Built
1954
Stories
1
Units
2
Listing Agency:
HPT Realty
(714) 860-0180
Listed By:
Zaza Dinh · License #01437690
(714) 860-0180
Source:
Elliman
Added: May 20
Changed: Aug 23
Last Checked: Aug 29 at 10:19AM
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 HPT Realty
Investment Insights
Based on property information with market context.
Located in Westminster, this income property features a main house and a permitted Accessory Dwelling Unit (ADU). The property generates a total monthly income of $6,150. The main house, offering approximately 943 square feet of living space, includes 3 bedrooms and 2 bathrooms (permit status of the second bathroom is unknown) and is currently rented for $3,200 per month. A new roof was installed on the main house in 2024. Built in 2022, the permitted ADU provides approximately 1,000 square feet of living space, with 2 bedrooms and 2 bathrooms, and is rented for $2,950 per month. The ADU has a solar system that has been paid off. Both units are separated by white vinyl fencing to enhance privacy. Both units are tenant-occupied with month-to-month leases. The property is conveniently located near the 405 and 22 Freeways, schools, shopping centers, dining options, and other amenities. The front house has a new permit for an additional 430 square foot master bedroom, and the permit and blueprint are included with the sale. Tenants are responsible for all utilities, including gas, electricity, water, trash, and gardening.
Key Highlights
- High‑income rental property generating $6,150 per month.
- Permitted ADU built in 2022, currently rented at $2,950/month.
- New roof installed on the main house in 2024.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,984
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$819,680
$819.7K
Cap Rate 7%
$585,486
$585.5K
Cap Rate 9%
$455,378
$455.4K
Market Conditions
NOI Build-Up for 1,943 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.6K $31.20/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$58.5K $30.13/SF
− OpEx
−$17.6K −$9.04/SF
NOI
$41.0K $21.09/SF
Area
Orange County, CA
Vacancy
3.42%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$819,680
Cap Rate 7%
$585,486
Cap Rate 9%
$455,378
Alternative Uses
Best Use
Multifamily LT 5
$585.5K
$512.3K – $683.1K
NOI $40,984 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$529.8K
$463.6K – $618.1K
NOI $37,086 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$652.6K
$571.0K – $761.4K
NOI $45,683 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,232
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - High-income rental property featuring a main house and permitted ADU.
Where is this multifamily property located?
The property is located at 14181 Roxanne Dr Westminster, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High‑income rental property generating $6,150 per month.; Permitted ADU built in 2022, currently rented at $2,950/month.; New roof installed on the main house in 2024.
