5871 Westminster BlvdWestminster, CA 92683

  • Other commercial real estate
  • 0.43 AC
For Sale
$75,000 View listing

Property Details for 5871 Westminster Blvd

Lot size
0.43 AC
Property type
Other commercial real estate
Property subtype
Showrooms
APN
203-292-36
APU
20329236

Description

This exceptional opportunity presents the acquisition of a well-established hair and nail salon in Westminster, California. Located in a prime shopping center at 5871 Westminster Blvd, 92683, this 1,200 square foot business boasts a stellar reputation, evidenced by numerous 5-star reviews on Yelp and Google. Operating successfully for over two decades, the salon benefits from a loyal customer base and consistent revenue streams. The asking price is $75,000, representing a price per square foot of $62.50. The sale includes all equipment and fixtures, encompassing multiple hair and nail stations, pedicure spa chairs, a washer and dryer, a wall-mounted TV, and additional space for waxing, facials, and other beauty services. A new 5-year lease commencing July 1, 2023, under a NNN lease structure, provides long-term financial stability. The salon's strategic location, immediately off the 405 freeway at the Westminster Boulevard access point, ensures high visibility and accessibility within a densely populated residential area and thriving commercial corridor. This turnkey operation is ideal for an experienced salon owner seeking an established business or a new operator looking to enter the market. The business is situated in the Hanson Center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,500,932
    6.5%
    $6,000,860
    7%
    $5,572,227
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,015,704
    Geo Method
    $9,114,797
  • Alternative Use

    Use
    Valuation
    Residential
    $5,061,950
    Hospitality
    $4,636,719
    Educational
    $3,857,696
    Medical
    $3,990,368
    Retail
    $6,000,860
5871 Westminster Blvd, Westminster, California

Location Insight

City
Westminster
County
Orange
State
California
Latitude
33.7593
Longitude
-118.026
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
$16,584
$543,128
$572,787
$1,115,915
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