2552 E Terrace, Anaheim, California 92806, Anaheim, 92806 - bed, bath
2552 E Terrace
Anaheim, California 92806
Property Price
SUMMARY
Analysis of 2552 E Terrace, Anaheim, California 92806 is currently available with a list price of $1,695,000. 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
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years) and the 15-year age of major components suggest that the kitchens, bathrooms, and interior finishes are likely outdated and show signs of wear consistent with the 'fair' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Unit Mix
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.
- Strategic Location
Located in a high-demand rental pocket near Disneyland, Angel Stadium, and major freeways, ensuring consistently low vacancy rates and long-term desirability.
- Favorable Utility Setup
Units are individually metered for gas and electricity, shifting utility costs to tenants and significantly reducing the owner's monthly operating expenses.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Rent Upside Lag
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.
- Aging Major Systems
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.
About 2552 E Terrace
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).
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1969
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,634 | 3,820.5 | 67% |
| Lot Size | 8,276 | 8,712 | 33% |
| Price | $1.70M | $1.44M | 83% |
| Price per sq ft | $366 | $377 | 33% |
| Built year | 1969 | 1965 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 187 | 17% |
Pricing History
Listed for Sale
Feb 28, 2026
$1,695,000
$1,795,000
-6% Price Drop
Initial Listing
Price Change
Feb 19, 2026
$1,795,000
Initial Listing
Sold
Jun 13, 2022
$1,550,000
Public Record
Sold
Nov 2, 2000
$370,000
Public Record