524 S Magnolia, Anaheim, California 92804, Anaheim, 92804 - 3 bed, 2 bath
524 S Magnolia
Anaheim, California 92804
Property Price
SUMMARY
Analysis of 524 S Magnolia, Anaheim, California 92804 reveals a Fairly Priced Property with a current list price of $870,000 aligned with the estimated $870,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 524 S Magnolia Subject | $870,000* List Price | 3 | 2 | 1,335 | $652 | - |
A 2432 W Transit Avenue Sold | $850,000 | 3 | 2 | 1,505 | $565 | 0.5 mi |
B 837 S Magnolia Avenue Sold | $883,000 | 3 | 2 | 1,385 | $638 | 0.4 mi |
C 507 S Shields Active | $1,099,000 List Price | 3 | 2 | 1,366 | $805 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features several recent updates including granite countertops, updated bathrooms, and new vinyl flooring. Although originally built in 1955, the listing highlights significant recent capital improvements such as a new roof on the back unit and a newly constructed block wall. The interior appears well-maintained with functional modern finishes, placing it firmly in the good category despite its vintage infrastructure.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The property is a proven income producer with established monthly rental income, making it an ideal turnkey opportunity for investors or owner-occupants looking to offset mortgage costs.
- Recent Capital Improvements
Significant recent upgrades including a brand-new roof on the back unit, updated bathrooms, granite countertops, and new vinyl flooring reduce immediate maintenance needs and enhance modern appeal.
- Versatile Lot & Accessibility
Situated on a desirable corner lot, the property features rare alley access with a gated, paved patio for additional parking, providing superior functionality and privacy compared to standard lots.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally constructed in 1955, the property may require ongoing monitoring or future updates to aging core systems like plumbing and electrical that are typical for homes of this era.
- Freeway Proximity
While convenient for commuters, the close proximity to the 91 and 5 freeways may result in increased ambient noise levels, potentially impacting the tranquility of the outdoor balcony and patio areas.
About 524 S Magnolia
Well-maintained 3-bedroom, 2-bath home on a desirable corner lot in Anaheim. This property offers a strong investment opportunity with excellent current monthly rental income, making it ideal for investors or future owner-occupants. Recent upgrades include a newly constructed block wall, granite countertops, updated bathrooms, and vinyl flooring. This property has street and additional easy alley access parking in a gated paved patio, enhancing functionality and tenant appeal. Furthermore, the property boasts a rear balcony area, perfect for outdoor enjoyment, along with a brand-new roof on the back unit. Ideally located near shopping, dining, schools, and the 91 and 5 freeways. This income-producing property is well-suited for future owner-occupants or an investment property with long-term value in a great location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 6,120 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
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 | 1,335 | 1,502 | 35% |
| Lot Size | 6,120 | 7,300 | 11% |
| Price | $870.0K | $975.0K | 19% |
| Price per sq ft | $652 | $641 | 55% |
| Built year | 1955 | 1956 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 157 | 16% |
Pricing History
Listed for Sale
Dec 23, 2025
$870,000
Initial Listing