3227 W Cabot Drive, Anaheim, California 92804, Anaheim, 92804 - 0 bed, 0 bath
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Anaheim, California 92804
This Residential Income Quadruplex represents a strategic Value-Add Asset with a List Price of $1,750,000, positioned competitively relative to its $1,686,034 Fair Market Value. Featuring a 4,587 square foot layout and a Condition Rating of 5, the property requires comprehensive interior improvements to unlock its full potential. The spacious unit footprints and location within the Anaheim Union High School District ensure strong long-term rental demand. With current rents below market, this acquisition provides a significant repositioning opportunity for Buy-and-Hold Investors or Value-Add Specialists.
Property is extensive renovation needed.
Built in 1964 (60 years old) with no evidence of recent renovations. The listing explicitly highlights 'value-add potential' and the need for 'interior improvements' and 'renovations,' indicating that kitchens, baths, and major systems are likely original or significantly dated and require a full rehab to meet market standards.
With current rents below market and a clear need for interior improvements, investors can realize immediate upside and equity growth through strategic renovations.
The property is priced for an efficient sale by an ownership group that inherited the asset, providing a rare entry point into the competitive Anaheim multifamily market.
At 4,587 total square feet, the units offer generous floor plans that exceed typical quadruplex sizes, enhancing long-term tenant appeal and rental premium potential.
The property requires significant upfront investment for unit turnovers and renovations to compete with nearby modernized comparable properties.
Built in 1964, the asset likely faces challenges associated with older building systems, which may necessitate costly repairs or upgrades to plumbing and electrical components.
Rare opportunity to acquire a well-located 4-unit apartment property with strong value-add potential. Offered by an ownership group that recently inherited the asset and does not wish to continue operations, creating an excellent opportunity for investors. Attractively priced for an efficient sale, the property offers the ability to increase value through renovations, unit turnover, and rental growth. Desirable unit mix with spacious floor plans and strong rental demand fundamentals. Current rents are below market, presenting immediate upside potential through interior improvements and operational efficiencies. Situated on a residential street among similar multifamily properties, the asset benefits from close proximity to employment centers, shopping, dining, and major transportation corridors. Nearby renovated comparable properties have recently sold, further supporting the repositioning opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,587 | 2,916 |
| Lot Size | 8,715 | 8,276 |
| Price | $1.59M | $1.41M |
| Price per sq ft | $348 | $485 |
| Built year | 1964 | 1969 |
| HOA | $0 | $528 |
| Days on market | 83 | 84 |
Jun 28, 2026
$1,595,000
$1,650,000
-3% Price Drop
Initial Listing
May 20, 2026
$1,650,000
$1,750,000
-6% Price Drop
Initial Listing
Apr 30, 2026
$1,750,000
Initial Listing