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7565 23rd Street — Westminster | Belmont Brokerage | Belmont Brokerage

Active

+4 more

$1,200,000

0 DOM

— bd— ba— sqft

Call

7565 23rd St Westminster, CA 92683

7,313sqft lot

Owner/Developer opportunity to build. This is vacant land with approved plans ready to be pulled for a duplex and an ADU in Westminster (Zoned R2). The price does NOT include construction of the 3 units. Each unit is separately metered for water, electricity and gas making management a breeze. Each duplex unit was intelligently designed to maximize space, utility, functionality and comfort, including 10’ ceilings on both the 1st and 2nd floors serving as grand design features while doubling as additional overhead storage space; 1st floor guest powder room for convenience and 2nd floor privacy; interior laundry closet; spacious open common areas with a large kitchen island; 1st floor mudroom; and attached 2-car garage. The 2nd floor of each duplex unit has a primary bedroom with an en suite bathroom, walk-in closet and balcony. The 2 secondary bedrooms (1 with a balcony) have extensive closet space and share a Jack-&-Jill bathroom with 2 separate vanity areas to accommodate each secondary bedroom. The 799 sqft ADU, also with 10’ ceilings, was efficiently designed for 2 bedrooms, 2 bathrooms, almost 13’ of closet/storage space in each bedroom, and an interior laundry closet. Seller will delay construction for 30 days to sell the property. However, Seller will start construction after 30 days and will still consider offers, but the price will be adjusted depending on the stage of construction.

MLS OC26078664

714-915-9451 (Office) tumy@c4commercial.com

Est. payment

$7,668/mo

Principal & interestTaxesInsurance

$6,068$1,250$350

Down %

Rate %

Years

Down payment: $240,000 · Total cost: $2,424,427

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,668/mo

Principal & interest: $6,068
Est. property tax: $1,250
Est. insurance: $350
Down payment: $240,000

Est. gross rent$5,000/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,668/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.