
Anaheim, California 92806
Analysis of 516 S State College, Anaheim, California 92806 is currently available with a list price of $2,000,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Anaheim Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1905 and marketed explicitly as a residential development opportunity for new construction; the listing focuses on land value and conceptual plans for multi-unit housing rather than the existing structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22866, living area = 1008.
Zoned RM-3 on a substantial 22,866-square-foot lot, this property offers a rare opportunity for a 6-unit residential development or an 8-unit apartment community in a high-demand area.
The site features public-street access from both ends of the property, providing superior logistical flexibility for construction and the implementation of a central through-access driveway.
All development plans are currently conceptual and have not been approved by the City, placing the burden of verifying zoning, density, and feasibility entirely on the buyer.
The presence of a 1905-built structure and the scale of the proposed development necessitate substantial upfront costs for demolition, utility upgrades, and site clearing.
Rare Anaheim residential development opportunity! This approximately 22,800-square-foot site is zoned RM-3 and offers public-street access from both ends of the property. Rare Anaheim residential development opportunity! This approximately 22,800-square-foot site is zoned RM-3 and offers public-street access from both ends of the property. The property currently has a two-bedroom, one-bath home built in 1905 containing approximately 1,008 square feet, offering potential immediate rental income while a buyer evaluates future development opportunities. Preliminary concepts have been prepared for six attached single-family residences or an alternative eight-unit apartment community. The six-home concept features two-story, three-bedroom residences of approximately 1,800 square feet, attached two-car garages, additional onsite parking and a central through-access driveway. The apartment concept includes eight spacious two-bedroom units with private outdoor areas, landscaping, onsite parking and common recreation space. Ideally suited for homebuilders, apartment developers, build-to-rent investors and residential contractors seeking a well-located Anaheim infill project. APN 083-411-03. Conceptual plans and marketing package are available upon request. All plans, unit counts and development assumptions are conceptual only and have not been approved by the City. Buyer must independently verify zoning, density, permitted uses, setbacks, parking, fire access, utilities, fees and entitlement feasibility with the City of Anaheim and appropriate professionals.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.7 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,008 | 1,664.668 |
| Lot Size | 22,866 | 7,030.212 |
| Price | $2.00M | $1.02M |
| Price per sq ft | $2.0K | $641 |
| Built year | 1905 | 1960 |
| HOA | $0 | $222 |
| Days on market | 12 | 46 |
Aug 28, 2026
$2,000,000
Initial Listing