523 S Citron Street, Anaheim, California 92805, Anaheim, 92805 - 3 bed, 2 bath
523 S Citron Street
Anaheim, California 92805
Property Price
SUMMARY
Analysis of 523 S Citron Street, Anaheim, California 92805 reveals a property with a current list price of $1,175,000, which is 10% above the estimated $1,049,710 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 523 S Citron Street Subject | $1,175,000* List Price | 3 | 2 | 2,209 | $475 | - |
A 522 S Helena Street Sold | $995,000 | 4 | 3 | 2,203 | $452 | 0.3 mi |
B 405 N Pine Street Sold | $865,000 | 3 | 1 | 1,576 | $549 | 0.7 mi |
C 706 N Lemon Street Sold | $1,049,000 | 3 | 2 | 1,544 | $679 | 1.0 mi |
D 522 S Helena Street Active | $1,095,000 List Price | 4 | 3 | 2,203 | $497 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1926, is well-maintained and features some updates like recessed lighting and hardwood flooring in certain areas. However, the kitchen and bathrooms, while functional and clean, exhibit dated styles. The kitchen has tiled countertops and older white appliances, and the bathroom features a tiled vanity and track lighting. These elements suggest renovations that are likely 15-30 years old, rather than recent modern updates. The home is aged but maintained, and major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Rare Short-Term Rental License
The property holds a highly coveted short-term rental license, a rarity in Anaheim (only ~250 homes), adding significant value and investment potential.
- Historic Charm with Modern Updates
Built in 1926 within the historic Colony District, the home beautifully blends timeless architectural details with modern updates, including an updated kitchen.
- Prime Location & Accessibility
Situated in the heart of Anaheim's vibrant downtown, offering easy access to shopping, dining, entertainment, Disneyland, and the Anaheim Packing District.
CONSRISKS & DEFICIENCIES
- Potential Lack of Modern HVAC
As a 1926 build, the property description does not explicitly mention a modern central air conditioning system, which could be a drawback during warmer months.
- Above Estimated Market Value
The listing price is approximately 9% higher than the property's estimated value, potentially indicating it is overpriced compared to current market assessments.
- Mixed School Ratings
While some nearby schools are well-rated, several elementary and middle schools in the vicinity have lower ratings (1-3), which may be a consideration for families.
About 523 S Citron Street
Charming residence located in the heart of Anaheim's historic Colony District. This beautifully maintained 3-bedroom, 2-bathroom home has 2,275 square feet of living space on a spacious 5,505 square-foot lot. Built in 1926, this home combines timeless architectural details with modern updates. Step inside to discover a light-filled living room, complemented by original features that exude character and warmth. The updated kitchen is perfect for culinary enthusiasts, offering ample space and modern conveniences. The bedrooms are generously sized, providing comfort and tranquility for everyone in the household. This home is currently licensed as a Short-Term Rental Business. With only about 250 houses in Anaheim holding this highly coveted license, it adds significant value—worth hundreds of thousands more than comparable homes of this size. The outdoor area features a well-maintained yard, ideal for entertaining or relaxing in privacy. Located near Anaheim's vibrant downtown, you'll enjoy easy access to shopping, dining, entertainment, and major attractions like Disneyland and the Anaheim Packing District. This home is not just a place to live but a lifestyle to cherish. Don’t miss the opportunity to own a piece of Anaheim's history while enjoying all the amenities of contemporary living, along with the exceptional investment potential of its rare short-term rental license.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 5,505 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Anaheim Unified Schools
Franklin (Benjamin) Elementary School
Grades K-6 • 0.2 mi
Ross (Betsy) Elementary School
Grades K-6 • 0.4 mi
Orange Grove 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,209 | 1,467.5 | 89% |
| Lot Size | 5,505 | 6,491.5 | 16% |
| Price | $1.18M | $895.0K | 88% |
| Price per sq ft | $532 | $630 | 27% |
| Built year | 1926 | 1953 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 351 | 166 | 98% |
Pricing History
Listed for Sale
Mar 21, 2025
$1,175,000
Initial Listing