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12262 Orangewood Avenue, Anaheim, California 92802, Anaheim, 92802 - bed, bath

12262 Orangewood Avenue, Anaheim, California 92802 home-pic-0
ACTIVE$1,125,000
12262 Orangewood Avenue, Anaheim, California 92802
0Bed
0Bath
2,276Sqft
7,918Lot
Year Built
1944
Close
-
List price
$1.13M
Original List price
$1.2M
Price/Sqft
$494
HOA
-
Days on market
-
Sold On
-
MLS number
PW25061881
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros.

Two homes in a lot, Welcome to your new home for your large family two units, live in one and rent the other one, each home has 3 br. and 2 baths. remodeled kitchen and bathrooms. the cozy lower unit offers an open floor plan with a Master Br, kitchen is equipped with stove and other appliances, direct entrance to laundry facilities, private patio and storage shed. The upper unit have 3 bedrooms 2 baths, remodeled kitchen with tile counter tops with perfect for families or as a rental opportunity. Outdoor Space is ideal for gardening or outdoor gatherings. Security iron gate and block wall around the property Comfortable parking for 10 cars, two front iron gates, remote control for entry gate. Roof two yr old, A/C and heather in both homes. This property is a rare find, with the benefits of dual living arrangements or live in one plus have a monthly income. central locater walking distance to Disneyland, convention center, near the 5 fry-way, restaurants, shops, parks, schools etc. both units are tenant occupied.

Condition Rating
Good
Despite being built in 1944, the property has undergone significant recent renovations. The listing explicitly states 'remodeled kitchen and bathrooms,' a 'Roof two yr old,' and 'A/C and heather in both homes.' The images confirm that the kitchens feature modern white cabinetry, dark countertops, and stainless steel appliances, while the bathrooms are updated with clean tiling and vanities. The property is move-in ready with major systems and key living areas recently updated, aligning with a 'Good' condition rating.
Pros & Cons

Pros

Dual Income Potential & Multi-Generational Living: The property features two separate homes on one lot, offering excellent flexibility for multi-generational living or significant rental income, with both units currently tenant-occupied.
Prime Central Location: Strategically located within walking distance to Disneyland and the Convention Center, with easy access to the 5 Freeway, restaurants, shops, parks, and schools, ensuring high rental demand and convenience.
Recent Upgrades & Climate Control: Both homes boast remodeled kitchens and bathrooms, a new roof (two years old), and individual A/C and heating systems, minimizing immediate maintenance costs for a new owner.
Ample & Secure Parking: The property provides comfortable parking for up to 10 cars, secured by iron gates and a remote-controlled entry gate, enhancing convenience and safety.
Immediate Cash Flow: With both units currently tenant-occupied, the property offers immediate rental income, making it an attractive option for investors seeking instant returns.

Cons

Age of Property: Built in 1944, the underlying structure is older, which despite remodels, could potentially lead to unforeseen maintenance issues associated with aging infrastructure.
Tenant Occupancy for Owner-Occupants: While a strength for investors, the current tenant occupancy in both units could pose a challenge for buyers looking to immediately occupy one or both homes, requiring adherence to tenant rights and potential eviction processes.
Lack of Desirable Views: The property does not offer any specific desirable views, which might be a consideration for buyers prioritizing scenic surroundings.

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