409 S. Rose Street presents a rare opportunity to acquire a ~1,265 SF historic home on a 11,625 square foot lot in Anaheim, California. Located within an established residential neighborhood just south of Lincoln Avenue, the property benefits from convenient access to employment centers, retail amenities, entertainment destinations, and regional transportation corridors throughout Orange County. The home is a designated historic structure and is located within the Anaheim Colony Historic District. The home is an ideal restoration project, as the existing structure is dated and will require renovation to bring it to its full potential. Alternatively, the structure could be demolished, which is allowed under the Historic District regulations, provided there is a 60-day notice to demolished filed with the City. Upon demolition, a new and modern home could be built on the site, and multiple attached and detached ADU's are also allowed. The ADU's could be used for additional income or additional space for generational housing. The property also has access through the alley on the west side of the property, which could be used to provide access to the ADU(s). Finally, the site is zoned RM-4 (Multiple Family Residential), allowing for approximately nine multifamily units by-right, with potential for additional density through California State Density Bonus provisions. The existing income-producing single-family residence provides interim cash flow while pursuing entitlements, redevelopment, or long-term investment strategies. Anaheim's strong housing demand, central Orange County location, and continued public and private investment create a compelling opportunity for multifamily developers and investors seeking a well-located infill site.