524 S Magnolia, Anaheim, California 92804, Anaheim, 92804 - 3 bed, 2 bath
ACTIVE$870,000$1,335/sqft
Est. Value: $874,093
%
FairlyEstimate
524 S Magnolia, Anaheim, California 92804
3Beds
2Baths
1,335Sqft
6,120Lot
Price Vs. Estimate
The estimated value ($874,093.445) is $4,093.445 (0%) lower than the list price ($870,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: Offers a strong investment opportunity with excellent current monthly rental income, making it ideal for investors or future owner-occupants seeking long-term value.
Top Cons:
Age of Property: Built in 1955, the property's age may imply older underlying systems (e.g., plumbing, electrical) that, while well-maintained, might not be as modern as newer constructions.
Compared to the nearby listings
Price:$870.0K vs avg $952.5K ($-82,500)23%
Size:1,335 sqft vs avg 1,464 sqft33%
Price/sqft:$652 vs avg $63757%
More Insights
Built in 1955 (71 years old).
Condition: This 1955-built property is move-in ready, benefiting from recent upgrades that significantly enhance its condition. The listing highlights 'updated bathrooms,' 'granite countertops,' and 'vinyl flooring,' which are clearly visible in the images. The main kitchen features granite countertops and well-maintained, though slightly dated, light wood cabinets with functional white appliances. The second kitchen and bathroom appear more recently and thoroughly updated with modern white shaker cabinets, newer appliances, and contemporary tile work, including a stylish walk-in shower. The vinyl plank flooring throughout much of the home is in excellent condition. While the property's age suggests older underlying systems, the visible renovations and 'well-maintained' status indicate that major components are functional and within expected lifespan, requiring no immediate renovation.
Year Built
1955
Close
-
List price
$870K
Original List price
$870K
Price/Sqft
$652
HOA
-
Days on market
-
Sold On
-
MLS number
OC25279300
Home ConditionGood
Features
View-
About this home
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.
M
Minh Pham
Listing Agent
Condition Rating
Good
This 1955-built property is move-in ready, benefiting from recent upgrades that significantly enhance its condition. The listing highlights 'updated bathrooms,' 'granite countertops,' and 'vinyl flooring,' which are clearly visible in the images. The main kitchen features granite countertops and well-maintained, though slightly dated, light wood cabinets with functional white appliances. The second kitchen and bathroom appear more recently and thoroughly updated with modern white shaker cabinets, newer appliances, and contemporary tile work, including a stylish walk-in shower. The vinyl plank flooring throughout much of the home is in excellent condition. While the property's age suggests older underlying systems, the visible renovations and 'well-maintained' status indicate that major components are functional and within expected lifespan, requiring no immediate renovation.
Pros & Cons
Pros
Investment Potential: Offers a strong investment opportunity with excellent current monthly rental income, making it ideal for investors or future owner-occupants seeking long-term value.
Recent Upgrades: Features recent upgrades including a newly constructed block wall, granite countertops, updated bathrooms, and vinyl flooring, enhancing its modern appeal and reducing immediate renovation needs.
Prime Location & Accessibility: Ideally located near shopping, dining, schools, and major freeways (91 and 5), providing convenient access to amenities and transportation.
Ample & Gated Parking: Benefits from a desirable corner lot with street and additional easy alley access parking in a gated paved patio, enhancing functionality and tenant appeal.
Outdoor Living Space: Includes a rear balcony area, perfect for outdoor enjoyment, adding valuable leisure space to the property.
Cons
Age of Property: Built in 1955, the property's age may imply older underlying systems (e.g., plumbing, electrical) that, while well-maintained, might not be as modern as newer constructions.
Partial Roof Replacement: Only the 'back unit' is noted to have a brand-new roof, suggesting other sections of the roof might be older and could require future maintenance or replacement.
Lack of Specific View: The property explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic outlooks or panoramic views.