Corner-Lot Townhome-Style
For Sale
$4,450,000
7852 16th Street, Westminster, CA 92683
Newly built 4-unit townhome-style quadplex on a large corner lot, with attached 2-car garages and paid-for solar.
Property Size10,000 SF
Price / SF$505.68
Days on Market132
Property Features for 7852 16th Street
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
8
Property subtype
Apartment
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Building Size
10,000 SF
Year Built
2022
Tenancy
Multi
Listing Agency:
KimLien T. Dang
Listed By:
KimLien Dang · License #01323853
Source:
Altamirarealty
Added: Jun 11
Changed: Oct 14
Last Checked: Oct 19 at 2:17PM
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 KimLien T. Dang
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Investment Insights
Based on property information with market context.
Newly built in 2022, this townhome-style quadplex offers four separate residential units on a large corner lot. Each unit features 4 bedrooms and 4 1/2 bathrooms, with at least 2,200 square feet of living space. The layout includes a private en-suite bathroom for every bedroom. All four units include two-car attached garages and separate water and utilities.
The property comprises addresses 7852, 7854, 7856 and 7858 16th Street. The total living area is listed at over 8,800 square feet, with 16 bedrooms and 16 full baths plus four additional 1/2 baths across the four units. Each unit also has its own paid-for solar.
All units are currently occupied, according to the seller, with the units described as having excellent tenants.
The property comprises addresses 7852, 7854, 7856 and 7858 16th Street. The total living area is listed at over 8,800 square feet, with 16 bedrooms and 16 full baths plus four additional 1/2 baths across the four units. Each unit also has its own paid-for solar.
All units are currently occupied, according to the seller, with the units described as having excellent tenants.
Key Highlights
- Newly built 4‑unit townhome‑style quadplex built in 2022 on a large corner lot
- Each unit has 4 bedrooms and 4.5 baths, with at least 2,200 SF per unit
- Total layout includes 4 units with 8,800+ living SF, 16 en‑suite bedrooms, and 16 full baths plus 4.5 baths per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,619
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,712,380
$3.7M
Cap Rate 7%
$2,651,700
$2.7M
Cap Rate 9%
$2,062,433
$2.1M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$274.6K $31.20/SF
− Vacancy
−$9.4K −$1.07/SF
EGI
$265.2K $30.13/SF
− OpEx
−$79.6K −$9.04/SF
NOI
$185.6K $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 Rate 5%
$3,712,380
Cap Rate 7%
$2,651,700
Cap Rate 9%
$2,062,433
Alternative Uses
Best Use
Multifamily LT 5
$2.65M
$2.32M – $3.09M
NOI $185,619 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $167,967 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,902 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,629
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Newly built 4-unit townhome-style quadplex on a large corner lot, with attached 2-car garages and paid-for solar.
Where is this quadplex located?
The property is located at 7852 16th Street Westminster, CA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Newly built 4‑unit townhome‑style quadplex built in 2022 on a large corner lot; Each unit has 4 bedrooms and 4.5 baths, with at least 2,200 SF per unit; Total layout includes 4 units with 8,800+ living SF, 16 en‑suite bedrooms, and 16 full baths plus 4.5 baths per unit
