Westminster Multifamily Properties for Sale

Little Saigon Anchors a Diverse, High-Demand Rental Market

Westminster Multifamily: Little Saigon and a Diverse High-Demand Rental Market

As a local broker, I describe Westminster as one of the most compelling multifamily value-add markets in northwest OC. Westminster is the heart of Little Saigon, the largest Vietnamese-American commercial district in the United States, which anchors consistent retail, restaurant, and business employment that drives a deep and diverse renter pool. Proximity to Garden Grove, Anaheim, and Long Beach also draws workforce commuters who need affordable housing near major employment corridors.

Westminster residential income property for sale

Residential income property in the Westminster market

Westminster has a high concentration of older 2-4 unit properties, many of which have not been renovated or managed to their full potential. This creates reliable value-add opportunities for investors willing to improve properties and re-lease at market. ADU potential on larger lots is frequently untapped. For 1031 Exchange buyers or investors seeking cash flow in northwest OC at accessible price points, Westminster consistently delivers.

Want to discuss cap rates, zoning, or off-market opportunities in Westminster? Call or text me directly: 949-430-7500

Build Your Westminster Portfolio

Multifamily inventory in Westminster is often sold via pocket listings before ever hitting the MLS. Off-market access is the difference between finding a deal and watching someone else close it.

Westminster Multifamily Investment FAQ

Why is Westminster attractive for multifamily investors?

Westminster's Little Saigon district is one of the strongest commercial anchors in northwest OC and generates consistent employment and foot traffic that supports a diverse renter base. The city has a high concentration of older multifamily stock at price points that allow deals to pencil for cash flow, particularly after renovations and ADU additions. Westminster's location between Anaheim, Garden Grove, and Long Beach makes it convenient for a broad workforce renter pool. For investors who want value-add exposure in a high-demand OC market without coastal pricing, Westminster is a strong candidate.

What is house hacking and how does it work in Westminster?

House hacking is the strategy of purchasing a multifamily property, living in one unit, and renting the others to offset your mortgage. In Westminster, fourplexes are the most common house hacking vehicle because they qualify for owner-occupied FHA financing, which allows lower down payments than conventional investment loans. The rental income from the other three units can significantly reduce or eliminate the owner's housing cost. FHA loan limits for 4-unit properties in Orange County are updated annually. Contact us for the current figure before running your numbers.

Does Westminster have rent control?

Westminster does not have local rent control, but California's AB 1482 statewide rent cap applies to most multifamily properties that are more than 15 years old and not single-family homes or condos. AB 1482 limits annual rent increases to 5% plus local CPI, with a maximum of 10%. Properties built within the last 15 years are exempt. Buyers should review current AB 1482 applicability for any specific property with a real estate attorney before closing, as the rules have nuance around exemptions and just cause eviction requirements.

Are Westminster multifamily properties good for a 1031 exchange?

Yes, for the right buyer profile. Westminster multifamily offers a combination of rental demand fundamentals and ADU upside that makes it a credible 1031 exchange destination. The key is identifying properties with genuine value-add potential rather than paying a premium for cap rate compression that has already occurred. Working with an agent who has off-market access is essential in this segment, as the best opportunities rarely hit the public MLS.

Westminster Multi-Family Properties for Sale

$1,399,000
DW26186924 MLS ⋅ Active Status
This unique Westminster property features 3 units with approximately 3.129 sqft of total building space on a generous 9,148 sqft lot. All units will be delivered VACANT! The property includes a mix of 2-bedroom, 1-bath and 2-bedroom, 2-bath units, offering flexibility for an investor looking to maximize the potential of this property. Endless possibilities! With the property delivered vacant, you have the opportunity to rehab, renovate, reconfigure, and improve the units to better suit your investment goals. Whether you’re looking to generate rental income, live in one unit and rent the others, or create a long term investment strategy, the possibilities are truly limitless.This is the kind of property where vision meets opportunity. Bring your contractor, bring your ideas, and unlock the potential this property has to offer!

14192 Locust Street, Westminster
$2,995,000
PW26129756 MLS ⋅ Active Status
Property is being offered via auction. Rare value-add opportunity in the heart of Little Saigon — six detached, cottage-style units on an oversized ±19,001 SF corner lot at Magnolia & Westminster Blvd. Separate address for each unit: 9064 - 9066 - 9068 - 9074 - 9076 - 9078. Each single-story unit lives like its own private home: no common walls, its own private garage, and its own separate gas, electric, and water meters, so tenants pay their own utilities and owner expenses stay remarkably low. The mix is five 1-bed/1-bath and one 1-bed/2-bath, all with long-term tenancy and rents currently well below market — immediate, substantial upside for the next owner. The standout is the land: over 19,000 square feet in a supply-starved submarket with generous room to add ADUs for additional income and value (buyer to verify with City of Westminster). Walk-to-everything location in the cultural and commercial core of Little Saigon — restaurants, markets, and shopping at your door, with quick access to the 22 & 405 freeways and transit. A pride-of-ownership, separately-metered corner asset that is easy to manage and impossible to replicate at today's construction costs. A true legacy hold — submit.

9064 Westminster Boulevard, Westminster
$4,450,000
OC26128168 MLS ⋅ Active Status
VERY RARE NEW GROUND UP CONSTRUCTION 4 TOWNHOME STYLE PROPERTY LOCATED ON A LARGE CORNER LOT AVAILABLE FOR SALE. EACH UNIT HAS 4 BEDROOMS AND 4 1/2 BATHS OF AT LEAST 2200SF. WITH ADDRESES 7852,7854,7856,7858 16TH STREET IS ONE OF A KIND 4 UNIT. EACH UNIT IS OVER 2200SF WITH 2 CAR ATTACHED GARAGES, SEPARATE, WATER AND UTILITIES. EACH BEDROOM HAS ITS OWN EN-SUITE BATHROOM. TOTAL OVER 8800 LIVING SF, 16 BEDROOMS EN-SUITE WITH 16 FULL BATHS AND 4 1/2 BATHS. INCREDIBLE OPPORTUNITY TO OWN THIS NEWLY BUILT GEM IN 2022. VERY RARE TO FIND ONE LIKE THIS FOR SALE IN THE LITTLE SAIGON AREA.ONLY FEW MINUTES TO BOLSA CENTRAL AREA WITH ALL SHOPPING, MARKETS,RESTAURANTS,CHURCHES,SCHOOLS. THERE IS GREAT OPPORTUNITY TO MAKE INVESTMENT. ALL UNITS HAS OWN SOLAR AND PAID FOR. ALL UNITS CURRENTLY OCCUPIED WITH EXCELLENT TENANTS. GREAT INVESTMENT AT A GREAT LOCATION AND PRICE.

7852 16th Street, Westminster
$2,325,000
PW26085626 MLS ⋅ Active Status
Property is being offered via auction. Exceptional and truly rare 4-unit investment opportunity in the heart of Westminster. 7781 15th St. is a charming and uniquely configured multi-generational property showcasing pride of ownership and long-term stewardship. Situated on an expansive 11,326 sq ft lot, the property features a highly desirable unit mix: a detached 2-bedroom/1-bath single-family residence built in 1928, along with a rear triplex constructed in 1987 consisting of three spacious 2-bedroom/2-bath units. The front residence exudes timeless character and craftsmanship, highlighted by original solid-core doors and hardware, coved ceilings with detailed molding, a formal dining room, and wall-to-wall carpeting preserving the hardwood flooring beneath. The home enjoys a large private front and side yard, dedicated parking pad, and excellent separation from the rear units—ideal for owner-occupancy or premium rental positioning. The rear building offers well-designed layouts with strong tenant appeal. Unit B (ground level) features three sets of sliding glass doors opening to an expansive wraparound patio and yard space, creating a unique indoor-outdoor living experience. Units C and D are located upstairs and benefit from elevated positioning with open views across the property from the living and dining areas, as well as private patio spaces. Units B and C have been remodeled, enhancing overall condition and rental upside. All four units include detached garages, washer/dryer hookups, and individual water heaters. The rear units are equipped with forced air heating and central air conditioning. The property is separately metered for gas and electricity, offering efficient management and reduced landlord expense exposure. A massive concrete driveway provides abundant off-street parking in addition to the four garages. The asset presents a compelling value-add opportunity, as current rents are significantly below market with immediate and attainable rental upside. Ideal for investors, 1031 exchange buyers, or owner-users seeking long-term appreciation and income growth in a strong rental market. Conveniently located near major thoroughfares, shopping, dining, and employment hubs, this property combines historical charm, functional unit mix, and future income potential—making it a standout investment in one of Orange County’s most established communities.

7781 15th Street, Westminster
$1,150,000
OC26078664 MLS ⋅ Active Status
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.

7565 23rd Street, Westminster
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.