208 S Illinois Street, Anaheim, California 92805, Anaheim, 92805 - bed, bath
ACTIVE$1,349,000
208 S Illinois Street, Anaheim, California 92805
0Bed
0Bath
3,658Sqft
7,841Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: This is a great four-unit multifamily investment opportunity (quadruplex), offering significant income generation and scalability for investors.
Top Cons:
Exterior Condition & Curb Appeal: The exterior of the buildings 'could use some TLC and paint,' indicating a need for immediate capital expenditure to improve curb appeal and overall property presentation.
Compared to the nearby listings
Price:$1.35M vs avg $1.06M (+$289,000)67%
Size:3,658 sqft vs avg 2,371.5 sqft67%
Price/sqft:$369 vs avg $43217%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this multi-unit property has seen staggered renovations. Two units received kitchen upgrades (new countertops, wooden cabinets) approximately one year ago, making them relatively fresh. However, the other two units' last upgrades were around 2006 (18 years ago), and the exterior 'could use some TLC and paint.' Images show functional but basic kitchens with tile flooring and dated light fixtures/ceiling fans. The presence of a window AC unit suggests a lack of central cooling. While livable and income-producing, the property is aged and requires minor updates and repairs beyond the recent kitchen refreshes to meet modern standards, aligning with a 'Fair' condition.
Year Built
1949
Close
-
List price
$1.35M
Original List price
$1.45M
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
OC25066503
Home ConditionFair
Features
View-
About this home
This property is a great four (4 unit) multifamily investment opportunity. The property has 3 units in the front house and 1 unit separate in the back house. The front downstairs unit 3/2 and the rear detached unit 2/1 both have upgraded kitchen with new counter tops and wooden cabinets (completed approx. 1 year ago on these two units). Additionally there are two 1/1 units located upstairs above the 3/2 unit. The exterior of the buildings could use some TLC and paint. There is a detached 2 car garage with alley access. Each unit has it own gas, water, and electric. All of the units appear to have been upgraded approximately in 2006 prior to current owner. All tenants have been there for years. This is a great investor opportunity. New price reduction!!!! Owner has done some recent upgrades to the property.
Nearby schools
4/10
Ross (Betsy) Elementary School
Public,•K-6•0.4mi
7/10
Franklin (Benjamin) Elementary School
Public,•K-6•0.5mi
5/10
Westmont Elementary School
Public,•K-6•0.7mi
3/10
Orange Grove Elementary School
Public,•K-6•0.9mi
4/10
Mann (Horace) Elementary School
Public,•K-6•1.1mi
4/10
Jefferson (Thomas) Elementary School
Public,•K-6•1.1mi
2/10
Lincoln (Abraham) Elementary School
Public,•K-6•1.6mi
3/10
Guinn (James M.) Elementary School
Public,•K-6•2.6mi
1/10
Sycamore Junior High School
Public,•7-8•2.0mi
2/10
South Junior High School
Public,•7-8•2.4mi
4/10
Anaheim High School
Public,•9-12•0.1mi
5/10
Katella High School
Public,•9-12•2.3mi
Condition Rating
Fair
Built in 1949, this multi-unit property has seen staggered renovations. Two units received kitchen upgrades (new countertops, wooden cabinets) approximately one year ago, making them relatively fresh. However, the other two units' last upgrades were around 2006 (18 years ago), and the exterior 'could use some TLC and paint.' Images show functional but basic kitchens with tile flooring and dated light fixtures/ceiling fans. The presence of a window AC unit suggests a lack of central cooling. While livable and income-producing, the property is aged and requires minor updates and repairs beyond the recent kitchen refreshes to meet modern standards, aligning with a 'Fair' condition.
Pros & Cons
Pros
Strong Investment Potential: This is a great four-unit multifamily investment opportunity (quadruplex), offering significant income generation and scalability for investors.
Separately Metered Utilities: Each unit has its own gas, water, and electric meters, which simplifies management for the landlord and reduces operating costs.
Recent Kitchen Upgrades: Two key units (the 3/2 downstairs and the detached 2/1) feature recently upgraded kitchens with new countertops and wooden cabinets, completed approximately one year ago.
Established Tenant Base: All tenants have been in place for years, indicating stable occupancy, reliable rental income, and minimized vacancy risk.
Valuable Parking & Access: The property includes a detached 2-car garage with convenient alley access, providing desirable parking solutions and potential for additional utility.
Cons
Exterior Condition & Curb Appeal: The exterior of the buildings 'could use some TLC and paint,' indicating a need for immediate capital expenditure to improve curb appeal and overall property presentation.
Dated Interior Upgrades: While some kitchens are recent, the majority of unit upgrades date back to approximately 2006, suggesting that many interiors may be functionally sound but aesthetically dated, potentially limiting rental upside without further investment.
Potential for Deferred Maintenance: The mention of the exterior needing work, combined with the property's age (built 1949) and generally older interior upgrades, implies a higher likelihood of future capital expenditures for maintenance, repairs, and modernization.