NOT LISTED FOR SALE

238 W Wilson Ave Orange, CA 92867

Orange Area
12 Beds
10 Baths
6,787 Sq Ft
9,583 Sq Ft Lot

Sale Details

Date Sold: October 24, 2022

Last sale price $2,700,000 $398 Per Sq Ft

28 Days on Market

About This Home

As of October 2022

Rarely available 10-unit complex near Old Towne Orange, with long-term tenants and no vacancies for many years. One garage space per apartment and excess parking available. Community laundry room with washer and dryer included to supplement income. Located close to 55, 22, 57, 5, and 91 freeways.

Broker has also been the property owner for 34 years, since 1988. Property to be sold as-is.

Last Agent to Sell the Property

Joseph Shaw

Joseph Shaw Realty License #00570560 Listed on: 09/07/2022

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,583 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 10 Car Garage
  • Parking Available
  • Front Facing Garage
  • Side Facing Garage
  • Assigned Parking

Interior Spaces

  • 6,787 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Tax Lot 27
  • Tax Tract Number 3774
  • Assessor Parcel Number 37528201

Community Details

Building Details

  • 10 Separate Electric Meters
  • Electric Expense $615
  • Fuel Expense $2,282
  • Gardener Expense $1,200
  • Insurance Expense $3,312
  • Maintenance Expense $1,260
  • Other Expense $2,282
  • Supplies Expense $282
  • Trash Expense $1,844
  • Water Sewer Expense $3,482
  • Operating Expense $83,122
  • Gross Income $167,000
  • Net Operating Income $83,878

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

9,583 Sq Ft Lot

Parking

10

Listing Details

  • Property Attached: No
  • Supplies Expense: 282.00
  • Water Sewer Expenses: 3482.00
  • Zoning: RM7
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 37528201
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 397.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Garage Faces Side
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1844.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200
  • Latitude Manual: 33.80621700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Electric Expense: 615.00
  • Fuel Expense: 2282.00
  • Gross Income: 167000.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 167000.00
  • Insurance Expense: 3312.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2093.00
  • Lot Size Area: 9583.0000 Square Feet
  • Maintenance Expense: 1260.00
  • Net Operating Income: 83878.00
  • Number Of Separate Electric Meters: 10
  • Number Of Units Total: 10
  • Number With Range: 10
  • Operating Expense: 83122.00
  • Other Expense: 2282.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 13730.00
  • Total Expenses: 83122.00

Tax Info

  • Tax Census Tract: 762.04
  • Tax Lot: 27
  • Tax Tract Number: 3774

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
Sep 7, 2022
Closed on
Oct 6, 2022
Sold by
Bought by
Seller's Agent
Joseph Shaw
Joseph Shaw Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$2,550,000
Sold Price
$2,700,000
Premium/Discount to List
$150,000
5.88%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,160,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 2004
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,700,000 First American Title
-- None Available
-- 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
Open $2,200,000
Closed $2,160,000
Previous Owner $500,000
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
10/24/2022 10/24/22 Sold $2,700,000 0.0% $398 / Sq Ft
09/13/2022 09/13/22 Price Changed $2,700,000 +5.9% $398 / Sq Ft
09/07/2022 09/07/22 For Sale $2,550,000 -- $376 / Sq Ft
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
2026 $32,509 $2,865,261 $2,622,698 $242,563
2025 $32,509 $2,809,080 $2,571,273 $237,807
2024 $31,780 $2,754,000 $2,520,855 $233,145
2023 $31,065 $2,700,000 $2,471,426 $228,574
2022 $11,669 $868,976 $655,066 $213,910
2021 $11,374 $851,938 $642,222 $209,716
2020 $11,265 $843,203 $635,637 $207,566
2019 $11,148 $826,670 $623,173 $203,497
2018 $10,984 $810,461 $610,954 $199,507
2017 $10,582 $794,570 $598,974 $195,596
2016 $10,392 $778,991 $587,230 $191,761
2015 $10,237 $767,290 $578,409 $188,881
2014 $10,020 $752,260 $567,078 $185,182
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22192634

California Regional Multiple Listing Service (CRMLS)
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