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231 S Laxore Street, Anaheim, California 92804, Anaheim, 92804 - bed, bath

231 S Laxore Street, Anaheim, California 92804 home-pic-0
ACTIVE$2,150,000
231 S Laxore Street, Anaheim, California 92804
0Bed
0Bath
4,040Sqft
13,068Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Diverse Unit Mix & Income Potential: The property features a desirable unit mix of two 2-bed, 2-bath and two 2-bed, 1.5-bath units, catering to a broad tenant base and ensuring robust rental income for investors.
Top Cons:
Property Age: Built in 1963, while 'meticulously maintained,' the property's age suggests potential for aging infrastructure (e.g., plumbing, electrical, HVAC systems) that may require future capital expenditures or higher maintenance costs.

Compared to the nearby listings

Price:$2.15M vs avg $1.80M (+$350,000)50%
Size:4,040 sqft vs avg 3,870 sqft50%
Price/sqft:$532 vs avg $46250%

More Insights

Built in 1963 (62 years old).
Condition: The property was built in 1963, making it over 60 years old. While the description states it is 'meticulously maintained,' the exterior image reveals an older aesthetic with some signs of wear and dated landscaping. Given its age, it's highly probable that major systems and interior finishes, including kitchens and bathrooms, are either original or were last updated 15-30+ years ago. This aligns with the 'Fair' category, indicating that the home is aged but maintained through regular upkeep, with major components likely functional but showing signs of being outdated. Without interior images, a definitive assessment of kitchen and bathroom styles and features is not possible, but based on the property's age and exterior, they are unlikely to be modern or recently renovated.
Year Built
1963
Close
-
List price
$2.15M
Original List price
$2.1M
Price/Sqft
$532
HOA
-
Days on market
-
Sold On
-
MLS number
MB25161277
Home ConditionFair
Features
Patio
View-

About this home

Elevate your investment portfolio or enhance your family's living experience with this meticulously maintained Anaheim fourplex. This prime property seamlessly combines convenience and robust growth potential, offering two 2-bed, 2-bath units and two 2-bed, 1.5-bath units designed to cater to diverse needs. Beyond the well-crafted units, a charming garden provides the ideal setting for quality family time. In addition to these features, the front unit boasts a cozy fireplace, while all units offer patios or balconies. Furthermore, the property includes five enclosed garages, ensuring ample parking for all residents. The enclosed patios grant residents extra outdoor living space to relish. Whether you're an investor seeking reliable returns or a family in search of an exceptional living space, this property offers the best of both worlds. Additionally, it benefits from excellent connectivity to major transportation hubs, ensuring promising returns for investors. Its close proximity to Knott's Berry Farm, major freeways, and the burgeoning landscape of new residential and commercial developments positions it perfectly for both growth and recreational opportunities.

Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the description states it is 'meticulously maintained,' the exterior image reveals an older aesthetic with some signs of wear and dated landscaping. Given its age, it's highly probable that major systems and interior finishes, including kitchens and bathrooms, are either original or were last updated 15-30+ years ago. This aligns with the 'Fair' category, indicating that the home is aged but maintained through regular upkeep, with major components likely functional but showing signs of being outdated. Without interior images, a definitive assessment of kitchen and bathroom styles and features is not possible, but based on the property's age and exterior, they are unlikely to be modern or recently renovated.
Pros & Cons

Pros

Diverse Unit Mix & Income Potential: The property features a desirable unit mix of two 2-bed, 2-bath and two 2-bed, 1.5-bath units, catering to a broad tenant base and ensuring robust rental income for investors.
Strategic Location & Accessibility: Located in Anaheim, the property boasts excellent connectivity to major transportation hubs, freeways, and is in close proximity to Knott's Berry Farm and new residential/commercial developments, enhancing its appeal and growth potential.
Ample Parking & Private Outdoor Spaces: With five enclosed garages, ample parking is provided for all residents. Additionally, all units offer private patios or balconies, granting valuable extra outdoor living space.
Well-Maintained & Desirable Amenities: Described as 'meticulously maintained,' the property includes a charming garden for family time and a cozy fireplace in the front unit, contributing to tenant satisfaction and property value.
Strong Growth & Investment Potential: The property is situated in an area with 'robust growth potential' and a 'burgeoning landscape of new residential and commercial developments,' positioning it well for long-term appreciation and investor returns.

Cons

Property Age: Built in 1963, while 'meticulously maintained,' the property's age suggests potential for aging infrastructure (e.g., plumbing, electrical, HVAC systems) that may require future capital expenditures or higher maintenance costs.
Lack of Desirable Views: The property explicitly states 'view: None,' which could be a drawback for some prospective tenants or buyers seeking scenic or city views, potentially limiting its premium appeal.
Recent Price Adjustment: The listing price recently increased from $2.1M to $2.15M, which might indicate a less flexible negotiation stance or a higher entry cost for investors, especially if not accompanied by significant recent upgrades.

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