NOT LISTED FOR SALE
8 Beds
4 Baths
6,480 Sq Ft
10,019 Sq Ft Lot

Last Sold February 25, 2022

Last sale price $2,725,000 $421 Per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Ponderosa Park
  • Cooling System Mounted To A Wall/Window
  • 9 Car Garage

About This Home

As of February 2022

We are pleased to present 120 East Wilken Way, an eight-unit multifamily property located in the City of Anaheim. The asset consists of 100% two bedroom units, located on a lot totaling 0.23 acres. The property is well kept with a pitched room and beautiful landscaping. There are nine roll up garage spots and wall air conditioning. The building is separately metered for electric and has an on-site laundry room. The interiors have had some renovations over the last few years and show well.

This property is in a good central Anaheim location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community in a premier location within the city.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 01/27/2022

Last Buyer's Agent

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 01/27/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 9 Car Garage
  • Parking Available
  • Single Garage Door
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 6,480 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 2683
  • Assessor Parcel Number 23316204
  • $1,946 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $3,202
  • Gardener Expense $965
  • Insurance Expense $2,900
  • Maintenance Expense $4,000
  • Pest Control $492
  • Professional Management Expense $4,269
  • Trash Expense $1,894
  • Water Sewer Expense $2,707
  • New Taxes Expense $33,865
  • Operating Expense $55,494
  • Gross Income $175,370
  • Net Operating Income $119,876

Property Details

Home Type

Multi-Family

Year Built

Built in 1962 | Remodeled

Lot Details

10,019 Sq Ft Lot

Parking

9

Listing Details

  • Assessments: No
  • CapRate: 4.28
  • Professional Management Expense: 4269.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2707.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 965.00
  • Parcel Number: 23316204
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 420.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage - Single Door
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 492.00
  • Sewer: Public Sewer
  • Trash Expense: 1894.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10018.80
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 810 Square Feet
  • Electric Expense: 1200.00
  • Fuel Expense: 3202.00
  • Gross Income: 175370.00
  • Gross Multiplier: 15.70
  • Gross Operating Income: 175370.00
  • Gross Scheduled Income: 178320.00
  • Gross Spendable Income: 119876.00
  • Insurance Expense: 2900.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2400.00
  • Lot Size Area: 0.2300 Acres
  • Maintenance Expense: 4000.00
  • Net Operating Income: 119876.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Operating Expense: 55494.00
  • Rent Control: Yes
  • Total Actual Rent: 14860.00
  • Total Expenses: 55494.00

Tax Info

  • New Taxes Expense: 33865.00
  • Tax Census Tract: 875.04
  • Tax Lot: 15
  • Tax Tract Number: 2683
  • TaxOtherAnnualAssessmentAmount: 1946.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $2,725,000 -2.7% $421 / Sq Ft
01/27/2022 01/27/22 For Sale $2,800,000 -- $432 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $33,291 $2,891,791 $2,632,689 $259,102
2024 $33,291 $2,835,090 $2,581,068 $254,022
2023 $32,595 $2,779,500 $2,530,458 $249,042
2022 $17,102 $1,363,469 $1,120,950 $242,519
2021 $17,120 $1,336,735 $1,098,971 $237,764
2020 $17,043 $1,323,029 $1,087,702 $235,327
2019 $16,560 $1,297,088 $1,066,375 $230,713
2018 $16,226 $1,271,655 $1,045,465 $226,190
2017 $15,610 $1,246,721 $1,024,966 $221,755
2016 $15,558 $1,222,276 $1,004,869 $217,407
2015 $15,417 $1,203,917 $989,775 $214,142
2014 $14,498 $1,180,334 $970,386 $209,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21262935

California Regional Multiple Listing Service (CRMLS)

APN: 233-162-04

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