2227 E Ward Terrace, Anaheim, California 92806, Anaheim, 92806 - 3 bed, 2 bath
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2227 E Ward Terrace
Anaheim, California 92806
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,149Sq Ft
6,018Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$801,793
SUMMARY
FULL_VERSION
This Single Family Residence represents a Strong Value Opportunity, listed at $825,000—positioned slightly above the $797,086 Fair Market Value. While the property is currently priced at a premium, its Condition Rating of 4 and recent cosmetic updates provide a stable foundation. The 6,018 sqft lot with alley-access garage offers significant ADU Development Potential, providing a clear path to forced appreciation. This property balances immediate move-in readiness with long-term rental upside, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in Anaheim.
SEO VERSION
3-bedroom Anaheim home with ADU potential. Move-in ready with recent updates, detached garage, and alley access. Great investment or starter home in 92806.
Estimated Market Value
$801,793
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 |
|---|---|---|---|---|---|---|
★ 2227 E Ward Terrace Subject | $825,000* List Price | 3 | 2 | 1,149 | $698 | - |
A 206 N. Clark Terrace Sold | $795,000 | 3 | 1 | 1,074 | $740 | 0.1 mi |
B 2126 E Center Sold | $950,000 | 3 | 2 | 1,349 | $704 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1959, the property has received recent cosmetic refreshes including fresh paint, new carpet, and new kitchen appliances. However, the core kitchen and bathroom elements remain dated, featuring older oak cabinetry and tile countertops typical of a 20+ year old renovation. While move-in ready, the home requires modernization of its primary systems and wet areas to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Move-In Ready Upgrades
The home features fresh neutral paint, new carpeting in all bedrooms, and brand-new kitchen appliances, offering a clean and updated environment for immediate occupancy.
- ADU Development Potential
The detached two-car garage with alley access on a 6,018 sqft lot presents a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, adding value and rental potential.
- Excellent Natural Light
The property is designed to be light and bright in every room, complemented by new blinds and a functional layout that enhances the overall sense of space.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Configuration
With only 1.5 bathrooms for a three-bedroom home, the property may face challenges competing with modern family expectations for two full baths.
- Compact Living Area
At 1,149 square feet, the interior living space is relatively small for the price point, which may be a drawback for buyers seeking more expansive square footage.
About 2227 E Ward Terrace
Charming 3-bedroom, 1.5-bath home offering approximately 1,149 square feet of living space. Shows light and bright from every room. Neutral fresh paint throughout. Tile flooring in living room/dining area, kitchen, hall and baths. New carpet in all bedrooms. New blinds on most windows. Kitchen features oak cabinetry with tile counters, new range, new microwave and new dishwasher. Detached 2 car garage entrance located on alley. Great potential for Accessory Dwelling Unit, ADU. Check with City of Anaheim for ADU potential. Tons of local shopping along with local schools and parks.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 6,018 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 3.0 | 3.7 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,149 | 1,664.668 |
| Lot Size | 6,018 | 7,030.212 |
| Price | $825.0K | $1.02M |
| Price per sq ft | $718 | $641 |
| Built year | 1959 | 1960 |
| HOA | $0 | $222 |
| Days on market | 35 | 46 |
Pricing History
Listed for Sale
Aug 5, 2026
$825,000
Initial Listing
Sold
Feb 24, 2010
$365,000
Public Record
Sold
Jan 29, 2010
$245,000
Public Record
Sold
Mar 29, 2005
$488,000
Public Record