516 S State College, Anaheim, California 92806, Anaheim, 92806 - 2 bed, 1 bath
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Anaheim, California 92806
Analysis of 516 S State College, Anaheim, California 92806 is currently available with a list price of $2,495,000. 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, the existing 1,008 sqft structure is functionally obsolete and marketed as a 'blank canvas' for redevelopment. The listing price of nearly $2.5 million reflects the value of the 22,866 sqft lot and its multi-use zoning rather than the residence, which the property analysis explicitly identifies as a teardown situation with minimal utility.
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.
The property features multi-use zoning on a substantial lot of over 22,000 square feet, offering a rare 'blank canvas' opportunity for commercial, residential, or mixed-use development.
Situated on South State College Boulevard, the site provides excellent street exposure and accessibility, making it an ideal location for a business hub or boutique retail plaza.
Priced at nearly $2.5 million primarily for its land value, the acquisition requires substantial additional investment for demolition and new construction to realize its highest and best use.
The current residence, built in 1905 and totaling only 1,008 square feet, offers minimal functional utility and likely represents a teardown situation for any modern developer.
Let's Discover endless possibilities at 516 South State College! Set on nearly an acre of prime land, this unique property offers multi-use zoning, making it the ultimate blank canvas for your vision. Whether you're dreaming of a dynamic commercial hub, a vibrant residential development, or a thriving business space, this location has the versatility to bring your ideas to life. Perfectly positioned with excellent visibility and access, the property boasts a central location ideal for a wide range of projects. Imagine the potential: a boutique retail plaza, a modern mixed-use complex, or a charming residential community—the opportunities are as expansive as the land itself. Don't miss this rare chance to secure a property with such incredible flexibility and future-forward potential. 516 South State College is ready to make your next big idea a reality!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 2% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 1,008 | 1,820 | 2% |
| Lot Size | 22,866 | 7,200 | 98% |
| Price | $2.50M | $1.03M | 98% |
| Price per sq ft | $2.5K | $563 | 98% |
| Built year | 1905 | 1963 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 108 | 10% |
Mar 4, 2026
$2,495,000
Initial Listing