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

Sale Details

Date Sold: February 25, 2022

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

Highlights

  • No HOA
  • 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 in unit
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2022
Closed on
Dec 28, 2021
Sold by
Bought by
Seller's Agent
Mark Bridge
Mark Bridge, Broker
Buyer's Agent
Mark Bridge
Mark Bridge, Broker
List Price
$2,800,000
Sold Price
$2,725,000
Premium/Discount to List
-$75,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,000
Interest Rate
0.0277%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,500
Interest Rate
0.0337%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 26, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
0.0605%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
0.0605%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,725,000 Wfg National Title
$1,165,000 Fidelity National Title Co
-- None Available
-- Multiple
-- Multiple
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,725,000
Closed $1,425,000
Closed $815,500
Closed $260,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $35,600 $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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