520 N Olive Street, Anaheim, California 92805, Anaheim, 92805 - bed, bath
ACTIVE$1,650,000
520 N Olive Street, Anaheim, California 92805
0Bed
0Bath
4,055Sqft
6,098Lot
Year Built
1962
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$407
HOA
-
Days on market
-
Sold On
-
MLS number
OC25018916
Home ConditionGood
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.65M(83th), sqft - 4055(83th), beds - undefined(50th), baths - undefined(50th).
REMODELED 4 BEDROOM HOUSE PLUS 3 UNITS! Front house is a large 4 bedroom, 2 bath with its own washer/dryer hookups! The 3 units are each spacious 1 bedroom, 1 bath. ALL WERE REMODELED A FEW YEARS AGO WITH NEW KITCHENS, BATHS & FLOORS! There are 4 GARAGES in back. Incredible opportunity close to all the amenities Anaheim has to offer! See Remarks.
Nearby schools
2/10
Lincoln (Abraham) Elementary School
Public,•K-6•0.8mi
4/10
Mann (Horace) Elementary School
Public,•K-6•0.9mi
4/10
Jefferson (Thomas) Elementary School
Public,•K-6•1.0mi
7/10
Franklin (Benjamin) Elementary School
Public,•K-6•1.1mi
5/10
Westmont Elementary School
Public,•K-6•1.4mi
4/10
Ross (Betsy) Elementary School
Public,•K-6•1.4mi
3/10
Orange Grove Elementary School
Public,•K-6•1.4mi
3/10
Guinn (James M.) Elementary School
Public,•K-6•2.2mi
1/10
Sycamore Junior High School
Public,•7-8•1.0mi
2/10
South Junior High School
Public,•7-8•1.7mi
4/10
Anaheim High School
Public,•9-12•0.9mi
5/10
Katella High School
Public,•9-12•1.9mi
Condition Rating
Good
Despite being built in 1962, the property has undergone an extensive remodel 'a few years ago' with new kitchens, baths, and floors in all units. This brings the key living areas up to modern standards, making the property move-in ready with no immediate cosmetic renovations required. While the exact age of the remodel is vague and underlying major systems (plumbing, electrical, HVAC) from the original 1962 construction might still be older, the significant updates to the most visible and frequently used areas (kitchens, bathrooms, flooring) elevate its condition beyond 'Fair'. The property fits the 'Good' criteria of being extensively renovated within 5 to 15 years, with well-maintained systems and minimal wear in the updated areas.
Pros & Cons
Pros
Significant Income Potential: This quadruplex property offers substantial income generation with a 4-bedroom main house and three additional 1-bedroom units, ideal for investors or owner-occupants seeking rental income.
Recent Extensive Remodel: All units were remodeled 'a few years ago' with new kitchens, baths, and floors, reducing immediate renovation costs for a new owner.
Ample Dedicated Parking: The property includes four garages, providing valuable and convenient parking or storage solutions for all tenants.
Desirable Location: Situated in Anaheim, the property is close to numerous amenities, enhancing its appeal to potential tenants and contributing to strong rental demand.
Spacious Units: The description highlights a 'large 4 bedroom' front house and 'spacious 1 bedroom' units, offering comfortable living spaces for residents.
Cons
Older Construction: Built in 1962, the property's underlying structure is over 60 years old, which may lead to potential issues with original systems (e.g., plumbing, electrical) not explicitly covered by the recent cosmetic remodels.
Vague Remodel Timeline: The phrase 'a few years ago' for the remodel is imprecise, making it difficult to assess the current condition and remaining lifespan of the updates without further inspection.
Mixed School Ratings: Several nearby schools have low ratings (e.g., Lincoln Elementary rating 2, Sycamore Junior High rating 1), which could be a deterrent for families with school-aged children considering the area.