
Anaheim, California 92801
This four-unit apartment community presents a Prime Investment Opportunity, listed at $1,575,000—positioned well below the $1,615,490 Fair Market Value by 2%. This valuation gap offers $40,490 in Instant Equity. With a Condition Rating of 3, the property features recent interior renovations and separate utility metering, ensuring operational efficiency. The unit mix of two and three-bedroom residences provides strong rental demand. This is a stable, income-producing asset ideal for Buy-and-Hold Investors or Portfolio Managers seeking long-term appreciation in Anaheim.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1827 W Glencrest Avenue Subject | $1,575,000* List Price | 0 | 0 | 4,108 | $393 | - |
A 1827 W Gramercy Avenue Active | $1,475,000 List Price | 0 | 0 | 3,827 | $385 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1960 but well-maintained with recent interior renovations in select units, including modern kitchen cabinetry, new countertops, stainless steel sinks, and updated plumbing. The property is move-in ready, features separately metered utilities, and shows pride of ownership in the exterior maintenance.
The property features a highly desirable mix of three 2-bedroom units and one 3-bedroom unit, all equipped with high-demand amenities including washer/dryer hookups and garage parking.
A thoughtful interior renovation program featuring new flooring, modern cabinetry, and stainless steel appliances reduces immediate CapEx requirements and positions the asset for premium market rents.
Separate metering for gas and electricity shifts utility costs to tenants, significantly lowering owner operating expenses and enhancing the overall Net Operating Income.
Built in 1960, the property may face long-term maintenance challenges related to original 'behind-the-wall' systems such as main plumbing lines or electrical panels despite cosmetic interior updates.
With a 4,108 sqft building situated on a 5,663 sqft lot, the property offers limited common outdoor space and potentially constrained guest parking options for residents.
1827 W. Glencrest Avenue presents investors with the opportunity to acquire a well-maintained four-unit apartment community in the heart of Anaheim. The property features a highly desirable unit mix consisting of three spacious two-bedroom/one-bath units and one three-bedroom/two-bath unit, with each residence benefiting from washer and dryer hookups, garage parking, and select private patios—amenities that continue to drive strong tenant demand. Current ownership has implemented a thoughtful interior renovation program designed to enhance resident appeal while minimizing future capital expenditures. Select units have been extensively updated with fresh interior paint, durable new flooring, modern kitchen cabinetry, updated countertops, new faucets, stainless steel sinks, new garbage disposals with updated plumbing, new ranges, contemporary range hoods, and new window blinds. These improvements provide residents with a modern living experience while positioning the property to achieve premium market rents. Further enhancing the investment, the property is separately metered for gas and electricity, helping reduce operating expenses for ownership. Ideally located just minutes from the 5 and 91 Freeways, Anaheim Regional Medical Center, major retail centers, restaurants, and everyday conveniences, 1827 W. Glencrest Avenue offers investors a rare combination of stable in-place income, quality physical improvements, and long-term appreciation potential in one of Orange County's strongest rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,108 | 2,916 |
| Lot Size | 5,663 | 8,276 |
| Price | $1.57M | $1.41M |
| Price per sq ft | $383 | $485 |
| Built year | 1960 | 1969 |
| HOA | $0 | $528 |
| Days on market | 15 | 84 |
Jul 7, 2026
$1,575,000
Initial Listing
Mar 28, 2022
$1,345,000
Public Record