ACTIVE$1,750,000

1556 E Benmore Lane, Anaheim, California 92805

0Bed

0Bath

4,286Sqft

8,276Lot

Year Built

1966

List price

$1.75M

Original List price

$1.88M

Price/Sqft

$408

HOA

Days on market

Sold On

MLS number

PW24005996

Home ConditionFair

Features

Patio

View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.75M(83th), sqft - 4286(83th), beds - undefined(50th), baths - undefined(50th).

Covington fourplex approximately 5 miles from Disneyland is all unit’s tenant occupied and produces strong rents. Front unit has 3 bedrooms and each other unit comes with a spacious 2 bedrooms offering unique layouts including private yard patios, balcony, and a 5th enclosed garage space for extra storage. Built in 1966, this larger fourplex at 4,286 sq. ft. has a lot size over 8,200 sq. ft. and all units have their own separate meters for gas and electricity keeping operating expenses low. Included in this sale is a community laundry room with 3 coin operated washers and 2 coin operated dryers all owner-owned machines for additional supplemental income.

Price History

Date

Event

Price

12/15/25

Price Change

$1,750,000

02/01/24

Listing

$1,875,000

Condition Rating

Fair

Built in 1966, this property is nearly 60 years old with no indication of recent major renovations. While the exterior appears maintained, the age strongly suggests that interior components, particularly kitchens and bathrooms, are outdated in style and features, likely requiring minor updates or repairs. The property is tenant-occupied and generating income, implying functionality, but the age points to older systems and potential deferred maintenance, aligning with the 'Fair' category where major components are functional but show signs of being outdated.

Pros & Cons

Pros

Strong Rental Income & Occupancy: All units are tenant-occupied and producing strong rents, providing immediate and stable cash flow for an investor.

Low Operating Expenses: Each unit has separate meters for gas and electricity, significantly reducing the owner's utility operating costs.

Additional Revenue Streams: The property includes owner-owned coin-operated laundry machines, offering supplemental income beyond rent.

Desirable Location: Located approximately 5 miles from Disneyland, enhancing rental demand and potential for property value appreciation.

Spacious Units & Amenities: A larger fourplex at 4,286 sq. ft. with a desirable unit mix (one 3-bedroom, three 2-bedroom units) and tenant amenities such as private yard patios, balconies, and an extra enclosed garage space for storage.

Cons

Property Age: Built in 1966, the property is nearly 60 years old, which may imply potential for deferred maintenance, older systems, or the need for future capital expenditures for updates.

Recent Price Reduction: The property has seen a significant price reduction from its original list price of $1.875M to $1.75M, which could suggest an initial overvaluation or challenges in attracting buyer interest.

Tenant Occupancy Complications: While beneficial for income, full tenant occupancy can complicate property showings, inspections, and any immediate plans for owner-occupancy or extensive renovations.

About this home

Price History

Pros

Cons

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1556 E Benmore Lane, Anaheim, California 92805, Anaheim, 92805 - bed, bath

About this home

Price History

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI