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1940 E Wilson Ave, Orange, CA 92867
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1940 E Wilson Ave Orange, CA 92867

$2,395,000 Sold Price as of 04/12/2021
  • 10 Beds
  • 10 Baths
  • 8,326 Sq.Ft.
Sold
$2,395,000 Sold Price as of 04/12/2021 Refinance Your Mortgage
Map preview of 1940 E Wilson Ave, Orange, CA 92867

Property Overview: 1940 E Wilson Ave Orange, CA has 10 bedrooms, 10 bathrooms, 8,326 living square feet and 11,326 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Brad Keyes | BRE #01857106 | Keyes Real Estate
Co-listed by Joshua Stein-Sapir | BRE #01979910 | Keyes Real Estate
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
11,326
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21691412
City
Orange
County
Orange
Time on Site
1163 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.88
  • Gross Scheduled Income: --
  • Net Operating Income: $127,400
  • Gross Operating Income: $182,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1940 E Wilson Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage, Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 10
  • Parcel Number: 37554115
Location / Neighborhood
Location Information
  • Directions: From the 55 Freeway, exit Katella and head west, left on N Tustin St, left on E Wilson Ave.
View more facts & features

Local Orange Agent

Sale History for 1940 E Wilson Ave

Last sold for $2,395,000 on April 12th, 2021

  • April, 2021

  • Apr 13, 2021

    Date

    Sold

    CRMLS: 21691412

    $2,395,000

    Price

  • Mar 27, 2021

    Date

    Active Under Contract

    CRMLS: 21691412

    $2,395,000

    Price

  • Mar 11, 2021

    Date

    Price Change

    CRMLS: 21691412

    $2,395,000

    Price

  • Feb 11, 2021

    Date

    Active

    CRMLS: 21691412

    $2,499,995

    Price

  • November, 2020

  • Nov 16, 2020

    Date

    Leased

    CRMLS: OC20175863

    $1,425

    Price

  • Oct 23, 2020

    Date

    Pending

    CRMLS: OC20175863

    $1,425

    Price

  • Oct 21, 2020

    Date

    Hold

    CRMLS: OC20175863

    $1,425

    Price

  • Oct 14, 2020

    Date

    Price Change

    CRMLS: OC20175863

    $1,425

    Price

  • Aug 26, 2020

    Date

    Active

    CRMLS: OC20175863

    $1,450

    Price

  • Listing provided courtesy of CRMLS

    One bedroom apartment located just off Katella and near all the shops, restaurants and 55 and 91 Freeway is a clean and bright one bedroom apartment. Tenants in the complex are very friendly and quiet. The entire building is in the process of being renovated inside and out and one unit at a time - this is the first apartment available so it's the best value. It has new paint, cabinets, window coverings, ceiling fans, wall heater and oven/gas range. Common laundry room. Keep your security deposit funds and get deposit insurance for a small monthly fee. Please inquire online for this unit available now!

  • November, 2019

  • Nov 1, 2019

    Date

    Expired

    CRMLS: OC19213727

    $2,495,000

    Price

  • Sep 6, 2019

    Date

    Active

    CRMLS: OC19213727

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    This is a well maintained, 10 unit multifamily investment opportunity in the city of Orange. Half of the units have been renovated and the exterior of the property was recently painted along with the installation of new garage doors and a new main gas line. The property is located in a quiet cul-de-sac with private backyards for all of the downstairs units. Approximately 50% of the windows are newer and about 50% of the roof was recently replaced. Amenities include garage space for each unit, an on-site laundry room and a courtyard for tenants to enjoy. Rents are below market so a new owner also has the opportunity to raise rents and increase cash flow.

  • February, 2007

  • Feb 28, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2007

  • Jan 25, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

Show More

Tax History for 1940 E Wilson Ave

Assessed Value (2020): $1,653,837
Year Land Value Improved Value Assessed Value
2020 $1,416,239 $237,598 $1,653,837

Home Value Compared to the Market

This property vs the competition

1940 E Wilson Ave sold on April 12, 2021 for 131.4% higher than the current median sold price for the city of Orange which is $1,035,000. The median sold price per/sqft for Orange is $596 and this home is sold at $287.65 per/sqft which puts the price per square foot 51.74% lower than the current median sale per square foot for the city of Orange.

About 1940 E Wilson Ave

Detailed summary of property

1940 E Wilson Ave is a multi family that recently sold in Orange, CA 92867. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 8,326 living square feet, and sits on an approximately 11,326 square foot lot. 1940 E Wilson Ave was first listed on ArdentRealEstateGroup.com on February 12, 2021. The homeowner sold the property for $2,395,000. Home in Orange are selling for a median price of $1,035,000 and a median price per square foot of $596. Based on Ardent Real Estate Group's Orange Market Data, this home is sold 131.4% higher than the current median priced home. Local homes that are currently for sale include 1808 Cristine Pl, 490 Traverse Dr and 1022 El Camino Dr. While the average home in Orange, CA is selling in 45 days, 1940 E Wilson Ave has a days on market of 38 days. There are currently 160 homes for sale in the Orange real estate market and 123 of them are single family homes while 30 of them are condos and 7 are townhomes. For more information on this home for sale at 1940 E Wilson Ave Orange, CA 92867 contact Ardent Real Estate Group and we will put you in touch with one of our Orange agents.

Public Facts for 1940 E Wilson Ave

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
6,141
Lot Size
10,522
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
375-541-15

The source for these homes facts are from public records.

92867 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$575
Median Sold Price
$1,070,000
Median Sold Price/Sq.Ft.
$569
Total Inventory
42
Median Sale to List Price %
93.04%
Avg Days on Market
23
Loan Type
Conventional (50%), FHA (14.29%), VA (0%), Cash (21.43%), Other (14.29%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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