10-Unit Apartment
New
For Sale
$3,675,000
238 W Wilson Avenue, Orange, CA 92867
Renovated interiors include recessed lighting, updated cabinets, flooring and countertops.
Property Size6,787 SF
Days on Market7
Property Features for 238 W Wilson Avenue
General Information
Standard status
Active
Size
6,787 SF
Property subtype
Apartment
Units
Unit Mix
2 x 2BR/1BA, 8 x 1BR/1BA
Multifamily Units
10
Parking per Unit
1
Amenities
shared laundry facilities
Building Details
Building Size
6,787 SF
Year Built
1961
Listing Agency:
Pacific Avenue Realty
Listed By:
Prashant Sampat · License #01916221
(562) 841-0227
Source:
Altamirarealty
Added: Oct 31
Changed: Nov 5
Last Checked: Nov 4 at 8:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Avenue Realty
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Investment Insights
Based on property information with market context.
Built in 1961, this 10-unit apartment property has a mix of eight one-bedroom, one-bath apartments and two two-bedroom, one-bath apartments. Renovation work includes recessed lighting, new cabinets, flooring and countertops, with open layouts across the units. Shared laundry serves the property, and each apartment has a dedicated garage space.
The property is in Old Towne Orange, near Chapman University. Disneyland, Angel Stadium, Honda Center and Knott’s Berry Farm are also identified as nearby destinations.
The property is in Old Towne Orange, near Chapman University. Disneyland, Angel Stadium, Honda Center and Knott’s Berry Farm are also identified as nearby destinations.
Key Highlights
- 10 apartments: eight one‑bedroom/one‑bath units and two two‑bedroom/one‑bath units
- Renovation includes recessed lighting, new cabinets, flooring and countertops
- Dedicated garage space for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,281
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,405,620
$2.4M
Cap Rate 7%
$1,718,300
$1.7M
Cap Rate 9%
$1,336,456
$1.3M
Market Conditions
NOI Build-Up for 6,787 SF
Gross rent
$228.0K $33.60/SF
− Vacancy
−$9.3K −$1.38/SF
EGI
$218.7K $32.22/SF
− OpEx
−$98.4K −$14.50/SF
NOI
$120.3K $17.72/SF
Area
Orange, CA
Vacancy
4.10%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,405,620
Cap Rate 7%
$1,718,300
Cap Rate 9%
$1,336,456
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,281 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,756 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
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Business Placement
Demographics for 92867, CA
44,927
Population
13,693
Households
3.3
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
12.0 sq mi
ZIP Area
3,744
Density / Sq Mi
$125,799
Median Household Income
$50,744
Median Earnings
$2,209
Median Rent
$951,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Orange County, CA
Properties on Market for Apartment buildings in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated interiors include recessed lighting, updated cabinets, flooring and countertops.
Where is this apartment building located?
The property is located at 238 W Wilson Avenue Orange, CA.
What is the asking price?
The asking price for this property is $3,675,000.
What are key features of this property?
This property features: 10 apartments: eight one‑bedroom/one‑bath units and two two‑bedroom/one‑bath units; Renovation includes recessed lighting, new cabinets, flooring and countertops; Dedicated garage space for each apartment
