2552 E Terrace, Anaheim, California 92806, Anaheim, 92806 - 0 bed, 0 bath
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Anaheim, California 92806
This Covington-style Quadruplex is a High-Potential Investment Opportunity with a List Price of $1,695,000—positioned well below the $1,759,519 Fair Market Value by 3%. This valuation gap offers $64,519 in Instant Equity. The asset features a 1,750 sq. ft. owner’s unit with vaulted ceilings and a fireplace, currently holding a Condition Score of 4. Located near Disneyland and Angel Stadium, the property ensures high rental demand and significant income upside. This 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 |
|---|---|---|---|---|---|---|
★ 2552 E Terrace Subject | $1,695,000* List Price | 0 | 0 | 4,634 | $380 | - |
A 1318 N Sunshine Way Sold | $1,444,000 | 0 | 0 | 3,820 | $378 | 0.1 mi |
B 1319 N Fashion Lane Sold | $1,444,000 | 0 | 0 | 3,820 | $378 | 0.1 mi |
C 1324 N Fashion Lane Sold | $1,440,000 | 0 | 0 | 3,821 | $377 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, this property is aged but maintained. While major systems like the roof and plumbing were updated approximately 15 years ago and water heaters are newer, the building lacks recent comprehensive renovations. The presence of long-term tenants (10+ years) and the 15-year age of major components suggest that the kitchens, bathrooms, and interior finishes are likely outdated and show signs of wear consistent with the 'fair' criteria.
The property features a substantial 1,750 sq. ft. owner’s unit with vaulted ceilings and a fireplace, making it ideal for an owner-occupant or as a high-value anchor rental.
Located in a high-demand rental pocket near Disneyland, Angel Stadium, and major freeways, ensuring consistently low vacancy rates and long-term desirability.
Units are individually metered for gas and electricity, shifting utility costs to tenants and significantly reducing the owner's monthly operating expenses.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8276, other record lot size in square feet = 8152.
With all units occupied by long-term tenants of over 10 years, the current rental income is likely significantly below market value, requiring a long-term strategy to realize full ROI.
While maintained, the roof and plumbing are approximately 15 years old, suggesting that capital expenditures for major replacements may be necessary in the near future.
Highly sought-after Covington style 4-plex in high demand rental area in Anaheim. Approx. 4,634 sq. ft. building consisting of one 3-bedroom 2-bath owners style unit (approx. 1,750 sq ft) with fireplace, vaulted ceiling in living room, large patio, and two 1-car garages. Two 2-bedroom 2-bath units with balcony and one 2-bedroom 1-bath townhouse style unit with enclosed patio. All units have enclosed garages. Newer patio covers! 3 units have laundry hook-ups PLUS on-site laundry for additional income! Roof and plumbing replaced in last 15 years (approx.), water heater replaced within last 5 years approx. Individually metered for Gas & Electric. (Tenants pay) Conveniently Located with access to the 91 & 57 Freeways, Great Shopping and Restaurants, close to Disneyland, Angel Stadium and the Honda Center, and borders Fullerton. All Units Occupied with Long Term Tenants (Approx 10+ years).
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 | 4,634 | 3,821 | 60% |
| Lot Size | 8,276 | 8,712 | 20% |
| Price | $1.70M | $1.44M | 80% |
| Price per sq ft | $366 | $377 | 40% |
| Built year | 1969 | 1965 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 233 | 20% |
Feb 28, 2026
$1,695,000
$1,795,000
-6% Price Drop
Initial Listing
Feb 19, 2026
$1,795,000
Initial Listing
Jun 13, 2022
$1,550,000
Public Record
Nov 2, 2000
$370,000
Public Record