NOT LISTED FOR SALE
4 Beds
2 Baths
8,832 Sq Ft
0.82 Acre Lot

Sale Details

Date Sold: February 7, 2022

Last sale price $4,025,000 $456 Per Sq Ft

34 Days on Market

Highlights

  • 0.82 Acre Lot
  • Laundry Facilities
  • 1-Story Property
  • Lawn
  • Level Lot

About This Home

As of February 2022

508 - 512 East Wilhelmina Street is a 12-unit multifamily investment property located in Anaheim, one of the premier housing markets in Orange County, CA. Situated on adjacent lots that measure a combined 0.82 acres, 508 - 512 East Wilhelmina Street offers an excellent unit mix consisting exclusively of two-bedroom floor plans with single-story construction. The property offers amenities including a spacious central courtyard, on-site laundry, garage and open parking, security doors, and private patios. 508 - 512 East Wilhelmina Street offers an excellent Downtown Anaheim location, placing residents in close proximity to Anaheim's most popular attractions, such as the Anaheim Packing District and the Rinks - Anaheim ICE. The property is also situated less than 2 miles from Disneyland and Downtown Disney, two major economic and employment drivers for the city. Furthermore, 508 - 512 East Wilhelmina Street benefits from its close proximity to State Route 91 and Interstate 5, offering residents easy commutes to employment hubs throughout Orange and Los Angeles Counties.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 10/05/2021

Last Buyer's Agent

Matthew Hoyt

Hoyt Real Estate, Inc. License #01426139

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1954

Lot Details

  • 35,719 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Lawn
  • 03516534

Interior Spaces

  • 8,832 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot B-2
  • Tax Tract Number 811
  • Assessor Parcel Number 03516533
  • $1,463 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,369
  • Fuel Expense $2,368
  • Insurance Expense $5,184
  • Maintenance Expense $7,200
  • Other Expense $16,126
  • Trash Expense $2,367
  • Water Sewer Expense $2,367
  • New Taxes Expense $46,730
  • Operating Expense $84,711
  • Gross Income $262,609
  • Net Operating Income $170,091

Property Details

Home Type

Apartment

Year Built

Built in 1954

Lot Details

0.82 Acres

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2367.00
  • Property Type: Residential Income
  • Parcel Number: 03516533
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 455.73

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2367.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 03516534
  • Land Lease: No
  • Lot Features: Lawn, Level
  • Lot Size Sq Ft: 35719.20
  • Lot Size Acres: 0.8200

Multi Family

  • Electric Expense: 2369.00
  • Fuel Expense: 2368.00
  • Gross Income: 262609.00
  • Gross Operating Income: 254802.00
  • Gross Scheduled Income: 260209.00
  • Insurance Expense: 5184.00
  • Lot Size Area: 0.8200 Acres
  • Maintenance Expense: 7200.00
  • Net Operating Income: 170091.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 84711.00
  • Other Expense: 16126.00
  • Other Expense Description: Misc
  • Other Income1: 2400.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 21684.00
  • Total Expenses: 84711.00

Tax Info

  • New Taxes Expense: 46730.00
  • Tax Census Tract: 865.02
  • Tax Lot: B-2
  • Tax Tract Number: 811
  • TaxOtherAnnualAssessmentAmount: 1463.00

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

Closed on
Oct 15, 2018
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
$480,000
Outstanding Balance
$411,686
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 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
$487,500
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2006
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2005
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
$600,000 --
$650,000 Dennis Metnick
$700,000 John M Murray
$70,000 Dennis Metnick
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 $480,000
Previous Owner $7,774
Previous Owner $487,500
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
02/07/2022 02/07/22 Sold $4,025,000 -1.7% $456 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $4,095,000 -- $464 / 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
2025 $15,012 $975,700 $62,700 $913,000
2024 $14,852 $975,700 $62,700 $913,000
2023 $13,297 $546,100 $46,300 $499,800
2022 -- $546,100 $46,300 $499,800
2021 $13,693 $546,100 $46,300 $499,800
2020 $12,697 $546,100 $46,300 $499,800
2019 $12,919 $546,100 $46,300 $499,800
2018 $12,919 $546,100 $45,500 $500,600
2017 $13,091 $546,100 $45,500 $500,600
2016 $13,693 $546,100 $45,500 $500,600
2015 -- $546,100 $45,500 $500,600
2014 -- $140,520 $13,340 $127,180
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21221172

California Regional Multiple Listing Service (CRMLS)
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