502 S Magnolia Avenue, Anaheim, California 92804, Anaheim, 92804 - 3 bed, 2 bath
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Anaheim, California 92804
This 1956 single-family residence represents a High-Potential Investment Opportunity, currently listed at $999,900. With a Fair Market Value of $901,644, the property is priced above current market estimates. Featuring a Condition Rating of 4, the home offers a solid foundation for cosmetic modernization, including potential for an ADU on the 6,042 sqft lot. While the infrastructure requires updates, the established Sherwood Estates location provides long-term stability. This asset is best suited for Value-Add Investors or Owner-Occupants seeking a project to build future equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 502 S Magnolia Avenue Subject | $999,900* List Price | 3 | 2 | 1,350 | $668 | - |
A 801 S Roanne Sold | $935,000 | 4 | 2 | 1,445 | $647 | 0.5 mi |
B 9771 Clearbrook Sold | $1,050,000 | 3 | 2 | 1,313 | $800 | 0.8 mi |
C 2869 W Stonybrook Drive Sold | $870,000 | 3 | 2 | 1,290 | $674 | 0.8 mi |
D 2432 W Transit Avenue Sold | $850,000 | 3 | 2 | 1,505 | $565 | 0.5 mi |
E 9682 Hillview Sold | $1,015,000 | 4 | 2 | 1,472 | $690 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, the property appears to have had renovations approximately 20+ years ago. While the home is well-maintained and functional with some system upgrades like mini-split HVAC units, the kitchen cabinetry, tile flooring, and bathroom fixtures are dated and nearing the end of their decorative lifecycle. It is move-in ready but requires cosmetic updates to meet modern standards.
Situated in the desirable Sherwood Estates of West Anaheim, the property benefits from a mature, stable residential community with strong long-term appeal.
The 6,042 sqft lot provides a generous amount of outdoor space, offering excellent potential for landscaping, outdoor entertaining, or the addition of an ADU.
Built in 1956, this single-family residence offers a traditional and proven floor plan that serves as a solid foundation for modern interior updates.
Given the 1956 construction year, the property may require significant capital investment to update original systems such as plumbing, electrical, or insulation.
The property is noted as having no specific views, which may be a disadvantage for buyers prioritizing aesthetic surroundings or natural vistas.
Exceptional opportunity in Anaheim. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,350 | 1,399.5 | 41% |
| Lot Size | 6,042 | 7,295 | 10% |
| Price | $999.9K | $980.0K | 59% |
| Price per sq ft | $741 | $683 | 70% |
| Built year | 1956 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 127 | 8% |
May 26, 2026
$999,900
Initial Listing
May 30, 2003
$330,000
Public Record
Oct 3, 1997
$135,000
Public Record
Nov 5, 1996
$500
Public Record
Dec 1, 1993
$168,000
Public Record