7151 Westminster BlvdWestminster, CA 92683

  • Land
  • 909 SF
For Sale
$1,999,000 View listing

Property Details for 7151 Westminster Blvd

Year built
1924
Lot size
0.09 AC
Property size (Sq ft)
909 SF
Property type
Land
Property subtype
Commercial land
APN
096-084-10
APU
9608410

Description

This exceptional 4,000 square foot retail property, situated on a 0.3-acre lot (13,260 square feet), presents a compelling investment opportunity in Westminster, CA. Currently 100% occupied by short-term tenants, this property generates immediate income while offering significant long-term potential. The strategic corner location at Westminster Boulevard and Cedar Street, with convenient alley access, provides excellent visibility and accessibility. The property's zoning allows for exciting redevelopment possibilities. The city's proposed mixed-use zoning designation (buyer to verify with the city) opens doors for a variety of projects, potentially mirroring the successful Westminster Crossing development directly across the street. This presents a unique chance to either renovate the existing structure into a medical office building or undertake a larger-scale redevelopment project. The existing tenants provide a stable income stream while the entitlement process is underway. The property includes three Assessor's Parcel Numbers: 096-084-10, 096-084-11, and 096-084-12. This prime location and flexible zoning make this a truly remarkable investment opportunity with substantial upside potential. Don't miss this chance to acquire a high-yield property in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $224,810
    Hospitality
    $205,925
    Educational
    $171,327
    Medical
    $177,220
    Retail
    $266,509
7151 Westminster Blvd, Westminster, California

Location Insight

City
Westminster
County
Orange
State
California
Latitude
33.7594
Longitude
-118.004
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,757
$156,702
-
$156,702
-
-
-
-

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