
Anaheim, California 92805
This Dual-Parcel Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,088,000—positioned slightly above the $1,057,035 Fair Market Value. While the property lacks instant equity, it offers significant Value-Add Income Potential through below-market rents and the flexibility of two separate APNs. With a Condition Rating of 3, the units are move-in ready, featuring modern interior updates. Located near the Anaheim Packing District, this property is an ideal acquisition for Buy-and-Hold Investors or Multi-Generational Families seeking a stable, income-generating portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 117 E Sycamore Subject | $1,088,000* List Price | 6 | 2 | 1,758 | $601 | - |
A 735 N Philadelphia Active | $1,275,000 List Price | 0 | 0 | 2,094 | $609 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1918, the property has undergone significant renovations likely within the last 10-15 years. Interior photos show updated laminate flooring, recessed lighting, and a bathroom with granite countertops and tile work. The units appear well-maintained, functional, and move-in ready, fitting the criteria for a property with a 5-15 year old renovation.
The property features two detached homes on two separate APNs sold together, providing rare flexibility for multi-generational living, future individual resale, or diverse financing options.
Currently generating $6,107 in monthly gross income with rents noted as below market, offering a significant opportunity for investors to increase yield through strategic management.
Situated near the Anaheim Packing District, Downtown Anaheim, and Disneyland Resort, the property benefits from high rental demand and proximity to major entertainment and employment hubs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7400, other record lot size in square feet = 6000.
Built in 1918, these century-old structures likely require significant ongoing maintenance and potential upgrades to electrical, plumbing, and structural systems to meet modern standards.
The property is served by schools with low performance ratings, including a middle school rated 1/10, which may limit appeal for long-term family tenants.
**Two detached homes. Two separate APNs. One unique opportunity in the heart of Anaheim.** Welcome to 117 & 117½ E. Sycamore Street, a rare property offering two detached homes on two separate parcels, sold together. Each residence features 3 bedrooms and 1 bathroom, with its own private entrance, laundry area, and detached garage, giving each home its own sense of privacy and independence. Whether you’re looking to live in one home and rent the other, accommodate extended family, or add two homes to your investment portfolio, this property offers flexibility that’s hard to find. Currently generating approximately $6,107 per month in gross rental income with long-term tenants in place. Current rents are below market, providing potential upside for a new owner through future rent increases, subject to applicable laws and lease terms. The property offers generous outdoor and parking areas and is conveniently located near Downtown Anaheim, the Anaheim Packing District, Disneyland Resort, Angel Stadium, shopping, dining, entertainment, and major freeways. Two detached homes. Two separate APNs. One purchase with multiple possibilities.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 0.9 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.9 |
| Baths | 2.0 | 5.1 |
| Square foot | 1,758 | 2,627.25 |
| Lot Size | 7,400 | 7,450 |
| Price | $1.09M | $1.39M |
| Price per sq ft | $619 | $550 |
| Built year | 1918 | 1963 |
| HOA | $0 | $411 |
| Days on market | 23 | 93 |
Aug 17, 2026
$1,088,000
Initial Listing
Feb 28, 2014
$520,000
Public Record
Sep 10, 2013
$280,000
Public Record