3126 E Orangethorpe, Anaheim, California 92806, Anaheim, 92806 - 0 bed, 0 bath
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Anaheim, California 92806
This Residential Income Quadruplex represents a High-Potential Investment Opportunity, listed at $1,829,000—positioned slightly above the $1,797,657 Fair Market Value. While the property lacks an immediate equity gap, its Condition Rating of 3 reflects significant interior renovations, including modern kitchens and flooring. The Covington Style layout provides a versatile unit mix, while the Premium School District location ensures long-term tenant stability. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a functional, well-located Orange County property with immediate rental appeal.
Property is move-in ready.
While the structure dates to 1972, the interiors have undergone significant renovations within the last 5-15 years. Kitchens feature updated shaker-style cabinetry, stainless steel appliances, and modern flooring. The presence of window AC units and some exterior stucco wear prevents an 'excellent' rating, but the property is well-maintained and move-in ready.
The 'Covington Style' layout features a large 3-bedroom owner's unit and three 2-bedroom units, making it ideal for an owner-occupant or an investor seeking high-demand rental configurations.
The property offers unparalleled accessibility to major Orange County hubs, including Downtown Fullerton, Angel Stadium, and Disneyland, ensuring consistently low vacancy rates.
Situated within a highly-regarded school district, the property appeals to a higher quality tenant base and supports long-term residential stability and value appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10019, other record lot size in square feet = 10205.
Built in 1972, the property may require significant capital expenditures for deferred maintenance or updates to major systems like plumbing and electrical to remain competitive.
With a list price exceeding $1.8M, the high price per unit may result in a tighter cap rate, requiring aggressive management to achieve desired investment yields.
This fourplex is an excellent long-term investment or 1031 Exchange replacement opportunity. It features a highly sought after Covington Style layout, with a "owners" 3 bedroom unit up front and a solid 2 bedroom layouts for the remaining 3 units. Quick access to Downtown Fullerton, Downtown Placentia, Angel Stadium, Honda Center, and Disneyland. Perfect for owners and tenants alike seeking functionality, premium school districts, and unparalleled Orange County accessibility!
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 | 4,320 | 4,477 | 50% |
| Lot Size | 10,019 | 9,147.5 | 50% |
| Price | $1.83M | $1.64M | 50% |
| Price per sq ft | $423 | $368 | 50% |
| Built year | 1972 | 1971 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 66 | 50% |
May 27, 2026
$1,829,000
Initial Listing