516 S State College, Anaheim, California 92806, Anaheim, 92806 - 2 bed, 1 bath
516 S State College
Anaheim, California 92806
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Exceptional Development Potential
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.
- Prime High-Visibility Location
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.
CONSRISKS & DEFICIENCIES
- Significant Capital Requirement
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.
- Obsolete Existing Structure
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.
About 516 S State College
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1905
- Lot Size
- 22,866 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Anaheim Unified Schools
Lincoln (Abraham) Elementary School
Grades K-6 • 0.5 mi
Juarez (Benito) Elementary School
Grades K-6 • 0.6 mi
Roosevelt (Theodore) Elementary School
Grades K-6 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 3% |
| Baths | 1.0 | 2.0 | 3% |
| Square foot | 1,008 | 1,921 | 3% |
| Lot Size | 22,866 | 7,300 | 95% |
| Price | $2.50M | $1.07M | 97% |
| Price per sq ft | $2.5K | $556 | 97% |
| Built year | 1905 | 1963 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 157 | 3% |
Pricing History
Listed for Sale
Mar 4, 2026
$2,495,000
Initial Listing