1661 S Melissa, Anaheim, California 92802, Anaheim, 92802 - 5 bed, 3 bath
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Anaheim, California 92802
This property represents a High-Potential Investment Opportunity, listed at a List Price of $1,539,000—positioned slightly above the $1,526,498 Fair Market Value. With a Condition Rating of 3, this turnkey asset features a Granite Kitchen, Paid-off Solar Panels, and a Pool/Spa area. While the local school district ratings are modest, the property’s established history as a Short-Term Rental near Disneyland ensures consistent demand. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Short-Term Rental Operators seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1661 S Melissa Subject | $1,449,900* List Price | 5 | 3 | 2,960 | $502 | - |
A 1639 S Camrose Way Sold | $1,130,000 | 4 | 3 | 2,960 | $382 | 0.1 mi |
B 1650 S Carnelian Sold | $1,100,000 | 4 | 2 | 1,943 | $566 | 0.2 mi |
C 1491 S Carnelian Street Active | $1,868,000 List Price | 6 | 6 | 3,976 | $470 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1969, the property has undergone significant renovations (likely 10-15 years ago) to function as a short-term rental. The kitchen features updated cabinetry and granite countertops, bathrooms have been modernized, and flooring has been replaced throughout. The presence of paid-off solar panels and a well-maintained pool area offsets dated elements like popcorn ceilings.
Operating as a licensed short-term rental since 2011, this property offers a turnkey opportunity for investors to capitalize on established high-return rental income near Disneyland.
The inclusion of fully paid-off electric solar panels provides a significant financial advantage by reducing monthly utility overhead and increasing net operating margins.
Situated less than two miles from Disneyland and the Convention Center, the property boasts exceptional walkability to shopping and dining, ensuring high demand and occupancy rates.
The assigned schools have relatively low ratings, including a middle school rated 1/10, which may deter long-term owner-occupant families and impact future resale versatility.
With nearly 3,000 sqft of living space on a modest 5,135 sqft lot, the property offers limited private outdoor space, which may be a drawback for guests or residents seeking yard area.
License Permit Short Term Rental Vacation Home Since 2011. Great Investment to continue profitable high return rental incomes. New Owner able to obtain License to continue Short Term Rental Vacation Home. It's Located less than 2 miles to Disneyland, Convention Center, Stadium... Within 15-30 Minutes of Driving Distance to the Beach, Knott Berry Farm, Legoland, Water Parks. Easy Freeway Access to major Cities. Uptown Neighborhood, Walk-in Distance to Shopping, Grocery, Restaurants. Fully Furnished. Electric Solar Panels Pay-off.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,960 | 1,674 |
| Lot Size | 5,135 | 7,201 |
| Price | $1.45M | $1.01M |
| Price per sq ft | $490 | $627 |
| Built year | 1969 | 1960 |
| HOA | $0 | $188 |
| Days on market | 6 | 44 |
Jul 18, 2026
$1,449,900
$1,539,000
-6% Price Drop
Initial Listing
Jul 16, 2026
$1,539,000
Initial Listing
Jul 19, 2005
$735,000
Public Record