1837 W Gramercy, Anaheim, California 92801, Anaheim, 92801 - 0 bed, 0 bath
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1837 W Gramercy
Anaheim, California 92801
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,829Sq Ft
5,663Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,366,559
8% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a fully occupied Quadruplex listed at $1,400,000, positioned well below the $1,416,767 Fair Market Value by 1.2%. This valuation gap offers $16,767 in Instant Equity. Featuring a Condition Rating of 3, the asset benefits from recent capital improvements including a newer roof and exterior paint. With separately metered utilities and significant rent-growth potential, this stable income-producing property is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking immediate cash flow in Anaheim.
Estimated Market Value
$1,366,559+$116,559 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Anaheim.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1837 W Gramercy Subject 0 bd · 0 ba · 3,829 sqft · $357 | $1,250,000* List Price | 0 | 0 | 3,829 | $357 | - |
A 2166 W Alameda Active 0 bd · 0 ba · 3,952 sqft · $373 · 0.7 mi | $1,475,000 List Price | 0 | 0 | 3,952 | $373 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is well-maintained, fully occupied, and functional. It features several recent capital improvements including a newer roof, exterior paint, and updated flooring. The kitchen has been refreshed with newer countertops and vinyl plank flooring, making it move-in ready despite some dated cabinetry and fixtures.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Potential
The property offers strong in-place income with significant upside potential through below-market rents, allowing for future cap rate compression and increased ROI.
- Recent Capital Improvements
Recent upgrades including a newer roof, exterior paint, stairs, and flooring reduce immediate deferred maintenance costs and enhance the asset's long-term durability.
- Favorable Utility Structure
Units are separately metered for gas and electricity with individual water heaters, shifting the primary utility burden to tenants and simplifying owner management.
CONSRISKS & DEFICIENCIES
- Owner-Paid Utility Expenses
The owner remains responsible for water and trash costs, which can be a significant and fluctuating operating expense that impacts net operating income.
- High Lot Density
With a 3,829 sqft structure on a 5,663 sqft lot, the high density may result in limited on-site parking and minimal outdoor common space for the four units.
About 1837 W Gramercy
You have Arrived! Welcome to this fully occupied 4-unit investment opportunity in Anaheim offering strong in-place income with additional upside through below-market rents. The property features four 2-bedroom, 1-bath units. Tenants pay their own separately metered gas and electricity, while the owner currently pays water and trash. Each unit has its own water heater, gas stove, and wall heater, with several heating units updated in recent years. The property has also benefited from recent improvements including a newer roof, exterior paint, stairs, and flooring. Professionally managed and fully occupied, this is a great opportunity for an investor looking for stable income today with future rent-growth potential. Conveniently located near shopping, dining, transportation, and major employment centers. Buyer to verify all rents, expenses, unit configurations, square footage, lease terms, cap rate, and property information.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1960
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.9 |
| Baths | 0.0 | 5.1 |
| Square foot | 3,829 | 2,971.909 |
| Lot Size | 5,663 | 7,795 |
| Price | $1.25M | $1.43M |
| Price per sq ft | $326 | $484 |
| Built year | 1960 | 1963 |
| HOA | $0 | $411 |
| Days on market | 26 | 84 |
Pricing History
Listed for Sale
Oct 23, 2026
$1,250,000
$1,350,000
-7% Price Drop
Initial Listing
Price Change
Oct 19, 2026
$1,350,000
$1,400,000
-4% Price Drop
Initial Listing
Price Change
Sep 29, 2026
$1,400,000
Initial Listing