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218 W Wilson Ave 10 Unit Apartment Building $2,895,000 ($289,500/Unit) 4.90% Cap Rate Orange, CA 92867
INVESTMENT HIGHLIGHTS
- Well maintained, pride of ownership
- Stabile income with upside potential
- Great central location
EXECUTIVE SUMMARY
*****Reduced Price for Quick Sale****** Rare opportunity to acquire a pride-of-ownership 10-unit apartment building, professionally managed by long-term family ownership. The gated, two-story property features a central courtyard and bright, well-kept units, some upgraded with tile or laminate wood flooring, dual-pane windows, quartz countertops, walk-in closets, and fresh paint.
Each unit includes an enclosed garage. The on-site laundry room is secured and fully equipped. Air conditioning, heating, ceiling fans, oven/range, and disposal.
Centrally located near major freeways and shopping centers, this asset offers a strong mix of comfort, convenience, and income stability in a high-demand rental corridor
Each unit includes an enclosed garage. The on-site laundry room is secured and fully equipped. Air conditioning, heating, ceiling fans, oven/range, and disposal.
Centrally located near major freeways and shopping centers, this asset offers a strong mix of comfort, convenience, and income stability in a high-demand rental corridor
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,895,000 | Apartment Style | Garden |
| Price Per Unit | $289,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.90% | Building Size | 6,175 SF |
| Gross Rent Multiplier | 12.6 | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Price | $2,895,000 |
| Price Per Unit | $289,500 |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Gross Rent Multiplier | 12.6 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,175 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.62/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,900 | 567 |
| 2+1 | 2 | $2,300 | 820 |
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PROPERTY TAXES
| Parcel Number | 375-282-03 | Total Assessment | $274,670 (2025) |
| Land Assessment | $62,960 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $211,710 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
375-282-03
Land Assessment
$62,960 (2025)
Improvements Assessment
$211,710 (2025)
Total Assessment
$274,670 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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218 W Wilson Ave
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