1435 W Cerritos 40, Anaheim, California 92802, Anaheim, 92802 - 3 bed, 3 bath
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Anaheim, California 92802
This Condominium represents a Strong Value Opportunity, listed at $675,900—positioned well below the $698,462 Fair Market Value by 3%. This valuation gap offers $22,562 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the property offers a functional layout with a private patio and garage storage. While the school district presents mixed ratings, the prime Resort District location provides significant lifestyle appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry into a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1435 W Cerritos 40 Subject | $675,900* List Price | 3 | 3 | 1,446 | $483 | - |
A 1363 Walnut Street S 5340 Sold | $735,000 | 3 | 3 | 1,446 | $508 | 0.1 mi |
B 1331 W Cerritos 25 Sold | $730,000 | 3 | 3 | 1,446 | $505 | 0.1 mi |
C 1381 S Walnut Street 2008 Sold | $509,000 | 2 | 3 | 988 | $515 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978 (46 years old), the property is well-maintained but clearly dated. While it features some cosmetic updates like neutral paint and closet organizers, the bathrooms show older oak vanities and 4x4 tile work consistent with a renovation or original state older than 20 years. It is functional and move-in ready but requires modernization in the kitchen and baths to meet current standards.
Situated on the west side of Disneyland within the Resort District, this property offers exceptional proximity to world-class entertainment, shopping, and major freeways, making it highly desirable for both residents and potential investors.
The Pepperwood Village HOA provides significant value by covering essential utilities like water and major maintenance items such as roofs and exterior paint, alongside access to three shared pools and multiple green spaces.
The 1,446 sqft floor plan is well-designed with a clear separation of living and sleeping areas, a private patio for outdoor entertaining, and a garage featuring built-in shelving for optimized storage.
The association fee of $509.16 is relatively high, which increases the monthly carrying cost and may impact the purchasing power of buyers sensitive to fixed monthly expenses.
The property is zoned for schools with mixed performance ratings, including a middle school rated 1/10, which could be a deterrent for families prioritizing high-ranking educational environments.
Good morning sunshine and welcome home. On the west side of Disneyland, tucked inside the Resort District, this beautiful 3-bedroom, 3-bath condo is the kind of place that feels like a warm invitation the moment you arrive. Outside, everything is cared for: meticulously managed yards, driveways, and roads that make the neighborhood feel calm, polished, and truly welcoming. It’s the perfect backdrop for a new chapter with a new family. Picture it: a bright, cheerful morning right at home base, before the excitement of the day. The patio sits comfortably between the house and the garage, your own quiet little pocket of outdoor space. It’s ideal for slow coffees and relaxed conversations, or for entertaining when you want that “extended living area” feeling without ever leaving home. Inside, the layout is made for both comfort and company. All three bedrooms are upstairs, giving the home a restful separation—while a convenient powder room is tucked downstairs for easy hosting. The primary suite is large and built for comfort and quiet. The large en-suite bath has a step-in shower and privacy door. The living room is especially inviting, with a picture window that fills the space with natural light, creating that open, airy feeling you’ll want to linger in. When it’s time to gather, the kitchen and dining area make it effortless. The kitchen sits near the back sliding glass door, and the dining room is close by hosting friends, keeping the conversation flowing, and enjoying the day’s stories all comes naturally. Even the garage feels helpful, not just functional. With shelving and extra storage space, it’s ready for everything your family needs to store bikes, beach gear, snacks for movie nights, or whatever adventures are on deck. This home is part of Pepperwood Village HOA, and that’s where the lifestyle really shines. The HOA covers water, roofs, exterior paint, and landscaping of common areas, along with a playground, multiple green spaces, and three shared pools, which are also enjoyed by residents of the slightly older Kaleidoscope Complex. So yes, you can be minutes from Disneyland fun with Minnie and Mickey, freeways, and, shopping. The magic is waiting for you and your family.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,446 | 1,200 |
| Lot Size | 349,780 | 201,142 |
| Price | $675.9K | $675.4K |
| Price per sq ft | $467 | $537 |
| Built year | 1978 | 1990 |
| HOA | $509.16 | $385 |
| Days on market | 13 | 58 |
Jul 9, 2026
$675,900
Initial Listing
Mar 14, 2002
$220,000
Public Record
Nov 16, 2000
$187,500
Public Record