1827 W Gramercy Avenue, Anaheim, California 92801, Anaheim, 92801 - 0 bed, 0 bath
Loading property details...
Anaheim, California 92801
This Income-Producing Quadruplex represents a High-Potential Investment Opportunity with a List Price of $1,475,000, positioned accurately at its $1,475,000 Fair Market Value. The asset features a diverse unit mix—including a large 3-bedroom unit—and a Fair Condition Rating that suggests immediate upside through cosmetic modernization. With tenants responsible for all utilities and each unit benefiting from a dedicated garage, the property offers a low-maintenance, high-efficiency operational model. This is a premier acquisition for Buy-and-Hold Investors or Value-Add Investors targeting the strong Anaheim rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1827 W Gramercy Avenue Subject | $1,475,000* List Price | 0 | 0 | 3,827 | $385 | - |
A 615 N Ventura Sold | $1,602,000 | 0 | 0 | 3,820 | $419 | 1.0 mi |
B 1723 W Francis Drive Sold | $1,260,000 | 0 | 0 | 2,817 | $447 | 0.4 mi |
C 1236 N Dresden Place Sold | $1,289,000 | 0 | 0 | 3,234 | $399 | 0.8 mi |
D 311 N Bayport Circle N Active | $1,600,000 List Price | 0 | 0 | 4,011 | $399 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this property is aged but described as 'well-maintained.' While it features ceramic tile flooring in kitchens and bathrooms, there's a noted lack of central air conditioning and limited modern interior updates, suggesting dated aesthetics and systems. The exterior appears to be in decent condition for its age, but the overall impression is of a property that has received regular upkeep rather than significant modern renovations, aligning with the 'Fair' category's description of functional but outdated major components.
This property is explicitly marketed as an 'Exceptional Investment Opportunity' and a 'Hassle-Free Income Property' due to its quadruplex structure, offering multiple income streams.
Situated in a 'Prime Anaheim Location' within 'desirable neighborhoods,' the property offers convenient access to major schools, shopping centers, and the 5 and 91 Freeways, enhancing tenant appeal and property value.
Tenants are responsible for their own utilities, including gas, electricity, and trash, significantly reducing the owner's operating costs and maximizing net income.
Built in 1960, the property's age suggests potential for aging infrastructure (e.g., plumbing, electrical, roofing) that may require significant capital expenditures in the future, despite being described as 'well-maintained'.
The property description does not mention central air conditioning, which could be a significant drawback for tenants in Anaheim's warm climate, potentially affecting tenant comfort and retention.
While 'well-maintained,' the description only highlights ceramic tile flooring in specific areas. A lack of mention of comprehensive modern updates to kitchens, bathrooms, or other interior finishes could imply dated aesthetics that may impact rent potential or require future renovation.
EXPANSIVE FOURPLEX IN PRIME ANAHEIM LOCATION THIS WELL-MAINTAINED FOURPLEX OFFERS AN EXCEPTIONAL INVESTMENT OPPORTUNITY IN ONE OF ANAHEIM’S MOST DESIRABLE NEIGHBORHOODS. THE PROPERTY INCLUDES: - UNIT A: 2 BEDROOMS, 1 BATHROOM - UNIT B: 2 BEDROOMS, 1 BATHROOM - UNIT C: 2 BEDROOMS, 1 DEN, 1 BATHROOM - UNIT D: 3 BEDROOMS, 2 BATHROOMS EACH UNIT IS EQUIPPED WITH ITS OWN WATER HEATER, FEATURES CERAMIC TILE FLOORING IN BOTH THE KITCHEN AND BATHROOM, AND INCLUDES A DEDICATED SINGLE-CAR GARAGE. CONVENIENTLY LOCATED. CLOSE TO MAJOR SCHOOLS, SHOPPING CENTERS, AND EASY ACCESS TO THE 5 AND 91 FREEWAYS, THIS PROPERTY OFFERS BOTH COMFORT AND CONVENIENCE FOR TENANTS. LOW-MAINTENANCE INVESTMENT. LONG-TERM FAMILY TENANTS HELP KEEP OPERATING COSTS LOW BY COVERING THEIR OWN UTILITIES—INCLUDING GAS, ELECTRICITY, AND TRASH—MAKING THIS A TRULY HASSLE-FREE INCOME PROPERTY.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,827 | 3,410 | 75% |
| Lot Size | 5,663 | 8,838.5 | 25% |
| Price | $1.48M | $1.39M | 50% |
| Price per sq ft | $385 | $426 | 25% |
| Built year | 1960 | 1962 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 231 | 209 | 0% |
Sep 3, 2025
$1,475,000
Initial Listing