NOT LISTED FOR SALE

1940 E Wilson Ave Orange, CA 92867

10 Beds
10 Baths
8,326 Sq Ft
0.26 Acres

Last Sold April 12, 2021

Last sale price $2,395,000 $288 Per Sq Ft

40 Days on Market

About This Home

As of April 2021

Wonderful oppportunity in Orange. 10 units at the end of a cul-de-sac located in the heart of the City of Orange. Built in 1961, 1940 E. Wilson Avenue features a 2-story apartment building sitting on a 11,326 sq. ft. lot with 7,275 sq. ft. of rentable space. Each unit is 1 bed / 1 bath, ranging from 675-775 sq. ft. This property has been professionally managed and updated. The units are individually metered for both gas and electricity, and the building features 14 parking spots, as well as income-producing laundry facilities. Tenants enjoy easy access to the 55 freeway, public transportation, shopping, restaurants, and a variety of other local amenities. This opportunity is ideal for the investor looking for an easy-to-manage property in the reliable Orange County rental market, with steady, increasing rents.

Last Agent to Sell the Property

Brad Keyes

Keyes Real Estate License #01857106 Listed on: 02/09/2021

Co-Listed By

Josh Stein-Sapir

Keyes Real Estate License #01979910

Last Buyer's Agent

Outside Agent

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 60x190

Interior Spaces

  • 8,326 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 14 Car Garage
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number 375-541-15

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Low Rise
  • Street Number Display: Yes
  • Living Area: 8326
  • Lot Acreage: 0.2600
  • Lot Dimensions: 60x190
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Common Walls: Attached
  • Total Bathrooms: 10.00
  • Equipment: Range/Oven, Ceiling Fan
  • Price Per S Q F T: 287.65

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage, Assigned
  • Total Parking: 14

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 15.64
  • Assessed Improvement Value: 215714
  • Assessed Land Percent: 84.36
  • Assessed Land Value: 1163637
  • Total Assessed Value: 1379351
  • Assessor Parcel Number: 375-541-15
  • Lot Size Area: 11326

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 13.88
  • Number Of Units: 10
  • Type Of Units: 1 bed / 1 ba

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
04/12/2021 04/12/21 Sold $2,395,000 0.0% $288 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
03/11/2021 03/11/21 Price Changed $2,395,000 -4.2% $288 / Sq Ft
02/09/2021 02/09/21 For Sale $2,499,995 0.0% $300 / Sq Ft
11/14/2020 11/14/20 Rented $1,425 0.0% --
10/23/2020 10/23/20 Under Contract -- -- --
10/21/2020 10/21/20 Off Market $1,425 -- --
10/14/2020 10/14/20 Price Changed $1,425 -1.7% $2 / Sq Ft
08/26/2020 08/26/20 For Rent $1,450 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $29,534 $2,592,424 $2,332,642 $259,782
2024 $29,534 $2,541,593 $2,286,904 $254,689
2023 $28,868 $2,491,758 $2,242,062 $249,696
2022 $28,296 $2,442,900 $2,198,100 $244,800
2021 $19,946 $1,670,970 $1,430,911 $240,059
2020 $19,759 $1,653,837 $1,416,239 $237,598
2019 $19,529 $1,621,409 $1,388,469 $232,940
2018 $19,236 $1,589,617 $1,361,244 $228,373
2017 $16,626 $1,379,351 $1,163,637 $215,714
2016 $16,317 $1,352,305 $1,140,820 $211,485
2015 $16,077 $1,331,993 $1,123,684 $208,309
2014 $15,735 $1,305,902 $1,101,673 $204,229
Source: Public Records

Agents Affiliated with this Home

  • Brad Keyes

    Seller's Agent in 2021

    Brad Keyes

    Keyes Real Estate

    (310) 367-3372

    2 in this area

    179 Total Sales

    Brad Keyes
    Section Image
  • Josh Stein-Sapir

    Seller Co-Listing Agent in 2021

    Josh Stein-Sapir

    Keyes Real Estate

    (424) 401-6165

    1 in this area

    146 Total Sales

    Josh Stein-Sapir
    Section Image

  • O

    Buyer's Agent in 2021

    Outside Agent

  • M

    Seller's Agent in 2020

    Megan Hedges

    Dropped by Broker - place holder

  • T

    Buyer's Agent in 2020

    Tyler Machado

    Edward Jacuinde Real Estate

    Section Image
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Map

Source: The MLS

MLS Number: 21-691412

The MLS
California Orange County Orange 92867

1940 E Wilson Ave, Orange, CA

Not Listed for Sale

MultiFamily

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