1307 E Merona Place, Anaheim, California 92805, Anaheim, 92805 - 4 bed, 3 bath
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Anaheim, California 92805
This Value-Add Residential Asset is a High-Potential Investment Opportunity listed at $790,000, which aligns with its current $790,000 Fair Market Value. Despite a Fair Condition Rating, the property features significant capital improvements including a New Roof and Solar Panels on an expansive 7,137 Sqft Lot near Disneyland. The discrepancy between the physical 4-Bedroom/3-Bath layout and public records offers a strategic path for forced appreciation through permit regularization. Located in the Anaheim Union High District, this property is ideal for Fix-and-Flip Investors or Contractors looking to maximize lot utilization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1307 E Merona Place Subject | $790,000* List Price | 4 | 3 | 1,465 | $539 | - |
A 1316 N East Street Sold | $800,000 | 3 | 2 | 1,661 | $482 | 0.2 mi |
B 1435 E Rosewood Avenue Sold | $770,000 | 4 | 2 | 1,385 | $556 | 0.2 mi |
C 1303 N Merona Sold | $890,000 | 3 | 2 | 1,278 | $696 | 0.1 mi |
D 543 N Century Drive Sold | $884,000 | 3 | 2 | 1,645 | $537 | 0.6 mi |
E 713 N Poplar Place Sold | $915,000 | 4 | 2 | 1,743 | $525 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the property shows signs of regular maintenance such as a new roof and solar panels, but the lack of interior images makes it impossible to verify the quality of the kitchen and bathrooms. The significant discrepancy between the physical room count (4 beds/3 baths) and public records (3 beds/1 bath) suggests unpermitted modifications, which often aligns with 'fair' condition properties that have undergone DIY or non-professional updates. While the exterior is move-in ready, the age and record inconsistencies suggest the interior systems and finishes likely require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7137, living area = 1465.
Ideally situated near Disneyland, major freeways, and premier shopping and dining, offering high convenience and strong potential for appreciation.
The property features a brand-new roof and recent updates, providing peace of mind and reducing immediate maintenance costs for the new owner.
There is a notable discrepancy between the physical room count and public records, which may indicate unpermitted work and complicate financing or future resale.
Built in 1954, the property may require further investigation into original plumbing, electrical, and insulation systems that may not meet modern efficiency standards.
The substantial price reduction from the original list price suggests initial overvaluation or potential challenges discovered during the listing period.
Welcome home good opportunity, nice are close to fwys, Disneyland and other adventure parks, near shopping, dining and much more, excellent property to be come a first time HOME or moving to great area, come to see this great property have new roof ample back yard property been update property have 4bedrooms and 2 bath owner do not know if there where previous modification but on property profile show 3bed/1bath.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,465 | 1,504 | 43% |
| Lot Size | 7,137 | 6,375 | 67% |
| Price | $790.0K | $915.0K | 16% |
| Price per sq ft | $539 | $625 | 33% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 259 | 158 | 97% |
Oct 5, 2025
$790,000
$1,250,000
-37% Price Drop
Initial Listing
Aug 6, 2025
$1,250,000
Initial Listing