Mortgage Vintage successful repeat borrowers and estate investors needed a business purpose cash-out 2nd TD on this non-owner occupied 4-unit property in Westminster, CA in Orange County. The funds were used to purchase another investment property.
The subject property is ranch style 4-unit residence in Westminster. Total SF of the property is 3,336 SF and it is situated on an 11,360 SF lot. All four units are 2 BR/1 BA and each comes with a garage space. Unit #1 & #2 are 852 SF each. Unit # & #4 are 816 SF.
The property is centrally located near the 405 and 22 freeways as well as Beach Blvd. Schools, parks, shopping, restaurants and medical facilities are all within close proximity to the subject property. Total monthly rent is $7,600.
Recent Transaction $300,000 2nd, Business Purpose, Westminster, 92683
