2115 1/2 S Broden Street, Anaheim, California 92802, Anaheim, 92802 - bed, bath

2115 1/2 S Broden Street, Anaheim, California 92802 home-pic-0

2115 1/2 S Broden Street

Anaheim, California 92802

ACTIVE UNDER CONTRACT
CONDITION: FAIR
0Beds
0Baths
2,976Sq Ft
3,478Lot Size

Property Price

LIST PRICE$1,350,000

SUMMARY

Analysis of 2115 1/2 S Broden Street, Anaheim, California 92802 is currently available with a list price of $1,350,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Anaheim Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1964, this triplex is well-maintained through its HOA, which covers major exterior items like roofs and painting. However, the interior components, including the kitchens and bathrooms, appear dated with older cabinetry and standard appliances. While functional and move-in ready for tenants, the property lacks the modern renovations or recent system upgrades required for a higher rating, fitting the criteria for a property that is aged but maintained.

PROSSTRENGTHS & OPPORTUNITIES

  • Low-Maintenance Management

    The HOA handles comprehensive responsibilities including roofs, exterior painting, landscaping, and utilities for a relatively low fee, making this an ideal 'hands-off' investment for passive owners.

  • Prime Rental Location

    Located just half a mile from Disneyland and within walking distance to major hotels and restaurants, the property ensures high tenant demand, low vacancy rates, and strong long-term appreciation.

  • Strong Financial Performance

    Boasting a 5.13% CAP rate with a seller-guaranteed income for the first year, this triplex offers significantly higher returns compared to similar multi-family properties in the Anaheim market.

CONSRISKS & DEFICIENCIES

  • Aging Infrastructure

    Built in 1964, the property may eventually require interior capital improvements or face plumbing and electrical issues common to structures of this vintage that fall outside of HOA coverage.

  • HOA Dependency

    While the HOA provides many services, the owner is subject to community regulations and potential future fee increases or special assessments which could impact net operating income.

About 2115 1/2 S Broden Street

2115 ½ Broden St. is an ideal investment for an investor who wants minimum management responsibilities, great investment potential, and great cash flow. ------MANAGEMENT RESPONSIBILITIES-----The owner’s management responsibilities are minimized because the Homeowners Association manages and pays for all the following: insurance, daily grounds clean-up and inspections, landscaping, patrol service, pool service, laundry room, roofs, building painting/repairs, gates, fences, walkways, utilities, and a monthly contribution to a reserve fund that has over $450,000 dedicated to future expenses; all at a cost of only $265 per unit per month. Owners of most other 3-unit buildings would have to pay much more for all those expenses. The major responsibility of the owner of this building is to collect rents. All current tenants use electronic rent payments, are never late, and, therefore, this property is ideal for someone who wants income, growth with inflation protection, and minimum time expenditure. ----GREAT INVESTMENT POTENTIAL------This location of this building ensures continued growth in value. It is one short block east of Harbor Blvd about one-half mile south of Disneyland. Within a ten-minute walk there are many major hotels, restaurants, and businesses that offer employment for residents. Proximity to employment opportunities also means increasing demand for rentals, higher rents, fewer vacancies, which results in increasing property values. Other similar 3-unit rental properties are often in areas that have stable, not increasing, demand and consequently, limited upside potential.-----GREAT CASH FLOW ------This property’s Net Operating Income for the next 12 months will be about $69,260, substantiated by current leases, which are guaranteed by the seller. At a sale price of $1,350,000 and NOI of $69,260 the CAP rate is 5.13 %. Other similar 3-unit investment properties have significantly lower CAP rates, often below 4% when accounting for realistic income (not “Pro Forma” income) and realistic comprehensive expenses. All units have enclosed 2 car garages with openers. This triplex is single story, located inside the gated area facing the courtyard. Just east of Harbor Blvd south of Orangewood. Owner also has another triplex and fourplex available for sale in the same complex. (Total of 10 units). All reduced by $150k/building. Seller may guarantee first years income and expenses. Note: The other Triplex is in escrow.

Property Details

Public Facts

Property Type
Triplex
Year Built
1964
Lot Size
3,478 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$660.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,9763,205
50%
Lot Size3,4782,960
50%
Price$1.35M$1.32M
50%
Price per sq ft$454$416
50%
Built year19641964
50%
HOA$660.0$770
50%
Days on market184184
0%

Pricing History

Listed for Sale

Nov 2, 2025

$1,350,000

$1,500,000

-10% Price Drop

Initial Listing

Price Change

Sep 4, 2025

$1,500,000

Initial Listing

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