612 W Santa Ana, Anaheim, California 92805, Anaheim, 92805 - 1 bed, 1 bath
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Anaheim, California 92805
This Shovel-Ready Development Asset is a High-Potential Investment Opportunity listed at $840,000, compared to a current structure Fair Market Value of $607,286. While the property carries a Condition Rating of 6, the value is anchored in city-approved plans for a 1,554 sq. ft. main home and a 1,198 sq. ft. ADU conversion in the Colony Historical District. This project bypasses entitlement delays, offering immediate construction potential for high-yield rental income near Franklin Elementary. It is a premier acquisition for Buy-and-Hold Investors or Contractors.
Property is land value only, full reconstruction required.
Built in 1922, this 100+ year old structure is marketed as a prime investment opportunity for redevelopment. The listing focuses on land value and city-approved plans for a new main home and ADU conversion, indicating the current dwelling is at the end of its functional life.
The property includes city-approved plans and permits for a new 1,554 sq. ft. main home and a 1,198 sq. ft. ADU conversion, allowing the buyer to bypass lengthy entitlement processes and begin construction immediately.
The dual-unit configuration, featuring a 4-bedroom main house and a 3-bedroom ADU, offers exceptional versatility for high-yield rental income or multi-generational living in a high-demand area.
Located in the prestigious Colony Historical District, the property benefits from a unique neighborhood character and a central Anaheim location that typically commands strong long-term value.
While the plans are approved, the current $840,000 price point is for a small 796 sq. ft. structure, requiring the buyer to have significant additional capital to execute the proposed builds.
The property is served by several schools with low performance ratings, including a middle school rated 1/10, which may limit the appeal for families prioritizing educational rankings.
*Prime Investment Opportunity: Located in the Colony Historical district. Approved Plans for Main Home & ADU Conversion** Unlock the potential of this unique property on a spacious lot, ready for immediate construction! This offering includes an existing 1-bedroom, 1-bath home, with city-approved plans and permits for a stunning transformation: - **New Main Home**: 1,554 sf, 4 bedrooms, 3 bathrooms. Features 3 bedrooms upstairs and a luxurious primary suite downstairs. - **ADU Conversion**: Transform the existing home into a 1,198 sf, 3-bedroom, 2-bath accessory dwelling unit. Perfect for income-producing rentals or multi-generational living. Permits are ready for pickup—buy today, start building tomorrow! Don’t miss this turnkey development opportunity in a prime location. Contact us now to schedule a viewing or for more details
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 3% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 796 | 1,504 | 1% |
| Lot Size | 6,890 | 6,375 | 65% |
| Price | $840.0K | $910.0K | 22% |
| Price per sq ft | $1.1K | $630 | 99% |
| Built year | 1922 | 1954 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 364 | 158 | 0% |
Jan 21, 2026
$840,000
$849,000
-1% Price Drop
Initial Listing
Apr 23, 2025
$849,000
Initial Listing