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422 S West Street, Anaheim, California 92805, Anaheim, 92805 - 3 bed, 3 bath

422 S West Street, Anaheim, California 92805 home-pic-0
ACTIVE$925,000
422 S West Street, Anaheim, California 92805
3Beds
3Baths
1,434Sqft
5,538Lot
Year Built
1941
Close
-
List price
$925K
Original List price
$925K
Price/Sqft
$645
HOA
-
Days on market
-
Sold On
-
MLS number
PW25128365
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $925.0K(67th), sqft - 1434(48th), beds - 3(50th), baths - 3(67th).

A rare opportunity to add a Historic Home to your rental portfolio. As a qualifying Mills Act property, this home benefits from a significantly reduced tax rate, see pics of previous year tax amounts. It currently rents for $4200 a month to long-term tenants. Strong income and low tax rate is hard to beat. The 3 bathrooms have been remodeled a few years ago. There is detached 2 car garage that is about 400 SF. Situated on a large interior lot that's not on a busy street. Close to major freeways and attractions: Disneyland, California Adventure, Downtown Disney, Anaheim Packing House, etc... Everything is functional and very little maintenance is needed. Tenant pays for all utilities and gardening.

Nearby schools

4/10
Ross (Betsy) Elementary School
Public,•K-6•0.2mi
7/10
Franklin (Benjamin) Elementary School
Public,•K-6•0.4mi
3/10
Orange Grove Elementary School
Public,•K-6•0.8mi
5/10
Westmont Elementary School
Public,•K-6•0.9mi
4/10
Jefferson (Thomas) Elementary School
Public,•K-6•1.1mi
4/10
Mann (Horace) Elementary School
Public,•K-6•1.3mi
2/10
Lincoln (Abraham) Elementary School
Public,•K-6•1.7mi
3/10
Guinn (James M.) Elementary School
Public,•K-6•2.6mi
1/10
Sycamore Junior High School
Public,•7-8•2.1mi
2/10
South Junior High School
Public,•7-8•2.4mi
4/10
Anaheim High School
Public,•9-12•0.3mi
5/10
Katella High School
Public,•9-12•2.3mi
Condition Rating
Fair
Built in 1941, this is an aged property. While the description notes that the three bathrooms were remodeled 'a few years ago' and the property is 'functional with very little maintenance needed,' the kitchen, though updated with white cabinets and modern appliances, features basic countertops and tile flooring that suggest a renovation older than 10-15 years, or a budget-friendly one. The overall aesthetic and lack of mention of comprehensive updates to other major systems (like HVAC, electrical, or plumbing) indicate that while maintained, many components are likely outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Mills Act Property: As a qualifying Mills Act property, this home benefits from a significantly reduced property tax rate, offering substantial long-term financial savings.
Strong Rental Income & Existing Tenants: The property currently generates $4200 per month from long-term tenants, providing immediate and stable cash flow for investors.
Prime Location: Situated on a quiet interior lot, the home offers excellent proximity to major freeways and popular attractions like Disneyland and the Anaheim Packing House, enhancing its appeal and potential for appreciation.
Recently Remodeled Bathrooms: All three bathrooms have been remodeled in recent years, improving the property's modern appeal and reducing immediate renovation needs for a new owner.
Low Maintenance & Tenant-Responsible Expenses: The property is described as functional with very little maintenance needed, and tenants cover all utilities and gardening, minimizing ongoing owner expenses and management effort.

Cons

Significant Overpricing: The listing price of $925,000 is considerably higher than the estimated property value of $577,764.92 and recent comparable sales, indicating a potential overvaluation.
Potential for Dated Systems/Features: Despite remodeled bathrooms, the 1941 build year and lack of mention of other major updates (e.g., kitchen, electrical, plumbing) could imply older systems or aesthetics that may require future investment.
Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant comfort drawback during warmer months in Anaheim and a competitive disadvantage compared to many updated homes.

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