NOT LISTED FOR SALE
6 Beds
4 Baths
4,784 Sq Ft
9,148 Sq Ft Lot

Last Sold February 18, 2021

Last sale price $1,300,000 $272 Per Sq Ft

106 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 2 Car Garage
  • Corner Lot
  • Laundry Room
  • Wall Furnace

About This Home

As of February 2021

PRICE REDUCED AND INCOME INCREASED! 302 East Wilhelmina Street is a 5 unit apartment building in Downtown Anaheim which has an additional bonus Studio apartment. This unique property features two detached structures which sit atop a large 9,148 square foot lot. The front structure, facing Wilhelmina, is a single story duplex with expansive 2 and 3 bedroom units which are 1,100 and 1,200 respectively. Both apartments are separately metered for gas, electric and water and have individual water heaters. The rear triplex, facing North Philadelphia Street, is a two story structure which features three spacious 1 bedroom apartments. Each unit is separately metered for utilities, features in unit water heaters and has an assigned garage. The studio unit, currently vacant, has a kitchenette, standup shower, wood laminate flooring, a window AC unit and has a hookup for a gas stove. The Wilhelmina apartments are located within close walking distance of heart of Downtown Anaheim being just blocks from The Anaheim Packing House, City Hall, Anaheim Town Center (shopping mall) and a host of new property developments. Listed annual income includes projected income from the studio unit which is currently vacant.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 09/03/2020

Last Buyer's Agent

Stephan Le

CENTURY 21 Affiliated License #01835870

CENTURY 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 9,148 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • Stucco

Interior Spaces

  • 4,784 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 1 / 3
  • Tax Tract Number 135
  • Assessor Parcel Number 03516101

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $2,506
  • Other Expense $2,880
  • New Taxes Expense $15,736
  • Operating Expense $28,999
  • Gross Income $2,400
  • Net Operating Income $70,384

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.56
  • Property Attached: No
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 03516101
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 271.74

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100
  • Latitude Manual: 33.84238400

Multi Family

  • Average1 Bed Area: 828 Square Feet
  • Average2 Bed Area: 1100 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Average Studio Area: 320 Square Feet
  • Gross Income: 2400.00
  • Gross Multiplier: 14.75
  • Gross Operating Income: 99382.00
  • Gross Scheduled Income: 102546.00
  • Insurance Expense: 2506.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 200.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 70384.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 28999.00
  • Operating Expense Percent: 28.30
  • Other Expense: 2880.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 7333.00
  • Total Expenses: 28999.00
  • Vacancy Allowance: 3074
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15736.00
  • Tax Block: 3
  • Tax Census Tract: 865.01
  • Tax Lot: 1
  • Tax Tract Number: 135

Range of Values:

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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 Change Sq Ft Price
02/18/2021 02/18/21 Sold $1,300,000 -5.5% $272 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
11/13/2020 11/13/20 Price Changed $1,375,000 -1.7% $287 / Sq Ft
10/12/2020 10/12/20 Price Changed $1,399,000 -5.2% $292 / Sq Ft
09/03/2020 09/03/20 For Sale $1,475,000 -- $308 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20182563

California Regional Multiple Listing Service (CRMLS)