1915 E Wilson, Orange, California 92867, Orange, 92867 - bed, bath
ACTIVE$1,725,000
1915 E Wilson, Orange, California 92867
0Bed
0Bath
4,394Sqft
12,197Lot
Year Built
1961
Close
-
List price
$1.73M
Original List price
$1.75M
Price/Sqft
$393
HOA
-
Days on market
-
Sold On
-
MLS number
PW25261023
Home ConditionPoor
Features
Patio
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1.73M(67th), sqft - 4394(50th), beds - undefined(50th), baths - undefined(50th).
Desirable single four-unit property featuring spacious two-bedroom residences, each with a warm and inviting den/dining area complete with a fireplace. Every unit benefits from its own private fenced patio yard and individual water heater, offering comfort and efficiency for residents. The property includes three double garages providing secure parking and valuable income potential, all on a oversized lot. All tenants are currently month-to-month, giving a new owner exceptional flexibility for rental increase strategies or repositioning opportunities. An ideal Orange investment with strong fundamentals and desirable tenant amenities.
Price History
Date
Event
Price
12/16/25
Price Change
$1,725,000-0.9%
11/30/25
Price Change
$1,740,000-0.6%
11/14/25
Listing
$1,750,000
10/03/16
Sold
$950,000
09/22/14
Sold
$425,000
03/13/02
Sold
$386,500
Condition Rating
Poor
Built in 1961, this property is over 60 years old with no evidence of significant recent renovations. The exterior images reveal a dated appearance, old awnings, and visible window AC units, indicating outdated cooling systems. The property analysis explicitly notes 'Unspecified Unit Modernization' and the potential need for 'significant capital expenditures for updating major systems (e.g., plumbing, electrical, roofing, HVAC).' While currently occupied, the lack of updates suggests that kitchens, bathrooms, and other interior components are likely original or very old, requiring substantial repairs and rehabilitation to meet current standards and tenant expectations.
Pros & Cons
Pros
Strong Income Potential: As a four-unit quadruplex, the property offers diversified rental income streams, providing a robust investment opportunity with consistent cash flow.
Exceptional Tenant Flexibility: All tenants are currently on month-to-month leases, granting a new owner immediate flexibility for implementing rental increases, undertaking renovations, or repositioning the property as desired.
Desirable Tenant Amenities: Each spacious two-bedroom unit includes a private fenced patio yard, a den/dining area with a fireplace, and individual water heaters, enhancing tenant comfort, appeal, and retention.
Oversized Lot & Ample Parking: Situated on a generous 12,197 sqft lot, the property features three double garages, providing secure parking for residents and potential for additional income or future development (subject to zoning).
Prime Investment Location: Located in Orange, California, the property benefits from a desirable market with a demonstrated history of significant property value appreciation, indicating strong long-term investment fundamentals.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12197, other record lot size in square feet = 12348.
Age of Property & Capital Expenditures: Built in 1961, the property is over 60 years old, which may necessitate significant capital expenditures for updating major systems (e.g., plumbing, electrical, roofing, HVAC) and general modernization to maintain competitiveness and prevent costly repairs.
Recent Price Reductions: The listing has undergone multiple price reductions from its original asking price, which could suggest initial overvaluation, slower market interest, or a need for further negotiation to attract a buyer.
Unspecified Unit Modernization: While amenities are highlighted, the description does not specify recent interior renovations or modernization of the units themselves, potentially indicating dated interiors that may require substantial investment to meet current tenant expectations and maximize rental income.