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13561 Arizona St 4 Unit Apartment Building $2,852,280 CAD ($713,070 CAD/Unit) 4.74% Cap Rate Westminster, CA 92683



Executive Summary
Located in a high-demand Westminster neighborhood, this pride-of-ownership fourplex features a rare and versatile unit mix, including a massive three-bedroom, two-bathroom front unit alongside two spacious two-bedroom units and one one-bedroom unit. The entire property has been meticulously renovated and is fully leased at current market rates, offering an immediate turnkey investment with strong "bread and butter" stability. Residents benefit from exceptional amenities such as on-site laundry facilities and a superior parking ratio of nine total spaces, consisting of four private garages and five open surface spots.
The asset is strategically positioned within a mile of the Walmart Supercenter and major retail hubs, providing a "walkable" lifestyle that appeals to long-term tenants. With separate meters for gas and electricity, the property maintains low owner expenses while sitting in a tight inventory market with a high 8/10 GreatSchools rated high school nearby. This offering represents a premier opportunity to acquire a renovated, income-producing asset in a sub-market known for its consistent rental demand and proximity to the I-405 and CA-22 freeways.
The asset is strategically positioned within a mile of the Walmart Supercenter and major retail hubs, providing a "walkable" lifestyle that appeals to long-term tenants. With separate meters for gas and electricity, the property maintains low owner expenses while sitting in a tight inventory market with a high 8/10 GreatSchools rated high school nearby. This offering represents a premier opportunity to acquire a renovated, income-producing asset in a sub-market known for its consistent rental demand and proximity to the I-405 and CA-22 freeways.
Property Facts
| Price | $2,852,280 CAD | Apartment Style | Garden |
| Price Per Unit | $713,070 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.74% | Building Size | 7,376 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.3 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1965/2026 |
| Property Type | Multifamily | Parking Ratio | 0.68/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,852,280 CAD |
| Price Per Unit | $713,070 CAD |
| Sale Type | Investment |
| Cap Rate | 4.74% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,376 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2026 |
| Parking Ratio | 0.68/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Heating
- Refrigerator
- Oven
- Walk-In Closets
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,904 CAD | 700 |
| 2+1 | 1 | $3,724 CAD | 900 |
| 2+2 | 1 | $3,861 CAD | 1,000 |
| 3+2 | 1 | $5,260 CAD | 1,300 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 096-262-13 | Improvements Assessment | $285,179 CAD |
| Land Assessment | $401,325 CAD | Total Assessment | $686,503 CAD |
Property Taxes
Parcel Number
096-262-13
Land Assessment
$401,325 CAD
Improvements Assessment
$285,179 CAD
Total Assessment
$686,503 CAD
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13561 Arizona St
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