1235 W Pearl Street, Anaheim, California 92801, Anaheim, 92801 - bed, bath
ACTIVE$1,300,000
1235 W Pearl Street, Anaheim, California 92801
0Bed
0Bath
3,000Sqft
15,682Lot
Year Built
1966
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$433
HOA
-
Days on market
-
Sold On
-
MLS number
PW25030977
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.30M(50th), sqft - 3000(50th), beds - undefined(50th), baths - undefined(50th).
triplex in the heart of anaheim. unit 1 2 bedroom/ 1 bath unit 2 2bedroom 2 bath and unit 3 2 bedroom 1 bath. No joining walls each unit is their own building.
Condition Rating
Fair
Built in 1966, this triplex shows inconsistent updates across its units. While one unit features more recent cosmetic renovations like wood-look laminate flooring, newer kitchen cabinets, stainless steel appliances, and an updated bathroom vanity, other units present older, painted cabinets, dated appliances, and basic finishes. The presence of wall-mounted AC units instead of central air and exposed electrical outlets in one unit indicate deferred maintenance and a need for significant modernization to meet current standards. The property is functional but aged, requiring further investment for consistency and full updates.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, explicitly designed for rental income, making it an attractive investment opportunity for those seeking cash flow and portfolio diversification.
Desirable Location: Situated 'in the heart of Anaheim,' the property benefits from a prime location with good access to local amenities, employment centers, and attractions, enhancing rental demand and property value.
Detached Units: Each unit is its own building with 'no joining walls,' offering tenants enhanced privacy and a more desirable living experience akin to a single-family home, which can lead to higher tenant satisfaction and retention.
Generous Lot Size: With a substantial lot size of 15,682 sqft, there is potential for additional parking, outdoor amenities, or future development opportunities (e.g., ADUs, subject to zoning and local regulations).
Established Property: Built in 1966, the property has a proven track record as a rental asset, and its age suggests a solid foundation, potentially past initial structural settling, offering a stable base for renovation and modernization.
Cons
Age and Potential for Deferred Maintenance: Constructed in 1966, the property is likely to have original systems (plumbing, electrical, HVAC) and finishes that may require significant capital expenditure for updates or repairs to meet modern standards and ensure long-term operational efficiency.
Unspecified Unit Condition/Updates: The description lacks details on recent renovations or the current condition of the individual units, implying they may be outdated and require substantial investment to maximize rental income and attract quality tenants.
Lack of Mentioned Amenities/Parking: Critical details such as dedicated parking for each unit, on-site laundry facilities, or private outdoor spaces are not specified, which could be a significant factor for tenant appeal and operational logistics for a multi-unit property.