2166 W Alameda Avenue, Anaheim, California 92801, Anaheim, 92801 - 0 bed, 0 bath
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Anaheim, California 92801
This Value-Add Quadruplex Asset represents a High-Potential Investment Opportunity, with a List Price of $1,595,000—positioned well below the $1,888,725 Fair Market Value by 15%. This valuation gap offers $293,725 in Instant Equity for buyers. Featuring four spacious 2-bedroom units with private patios and carport parking, the property holds a Condition Rating of 4, indicating clear upside through modernization of its 1964 systems. Located just one block from Interstate 5, this high-demand rental is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2166 W Alameda Avenue Subject | $1,595,000* List Price | 0 | 0 | 3,952 | $478 | - |
A 615 N Ventura Sold | $1,602,000 | 0 | 0 | 3,820 | $419 | 0.4 mi |
B 2179 W Brownwood Avenue Active | $1,649,000 List Price | 0 | 0 | 3,953 | $417 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this quadruplex is well-maintained but dated. Kitchens feature older tile and painted original cabinetry, while bathrooms show a mix of original tile and mid-range cosmetic updates. The presence of window AC units indicates a lack of modern central HVAC systems. While functional and move-in ready for tenants, the property exceeds the 20-year threshold for original components and requires modernization to reach a 'Good' rating.
The property features four spacious 2-bedroom units with private BBQ areas and on-site laundry, providing a highly marketable layout for consistent rental income and tenant retention.
Situated just one block from Interstate 5 and within walking distance to schools and shopping, the property offers excellent accessibility for commuters and high demand in the Anaheim rental market.
This quadruplex presents a prime opportunity for an owner-occupant to utilize house-hacking strategies or for an investor to capitalize on the upside potential of increasing rents over time.
Built in 1964, the property may require significant ongoing maintenance or capital improvements to modernize systems and remain competitive with newer multi-family developments.
The inclusion of a monthly association fee adds a fixed operating expense that is less common for standalone quadruplexes, potentially impacting the overall net operating income.
Beautiful, well-maintained fourplex in the desirable city of Anaheim! Great opportunity to live in one unit and rent the other three while generating income. All four units are spacious, featuring 2 bedrooms and 1 to 1.5 bathrooms, along with carport parking (total of five carports). Each unit includes a private BBQ area, perfect for outdoor enjoyment and family time. The property also offers a convenient on-site community laundry facility, adding additional income potential. Strong income-producing property with consistent rental demand in a high-demand area. Ideal for investors seeking stable cash flow with upside potential. Opportunity to increase rents and maximize returns over time. Easy access to the Interstate 5 (I-5) just one block away. Close to schools, shopping, dining, and more—all within walking distance. Excellent opportunity to own a cash-flowing asset in a prime rental market!
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 | 3,952 | 3,410 | 75% |
| Lot Size | 6,398 | 8,838.5 | 25% |
| Price | $1.59M | $1.45M | 50% |
| Price per sq ft | $404 | $426 | 25% |
| Built year | 1964 | 1964 | 50% |
| HOA | $165.0 | $0 | 75% |
| Days on market | 29 | 196 | 25% |
Mar 24, 2026
$1,595,000
Initial Listing
Aug 4, 1999
$285,000
Public Record