637 N Anna Drive, Anaheim, California 92805, Anaheim, 92805 - 0 bed, 0 bath
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Anaheim, California 92805
This Multi-Unit Value-Add Asset is listed at $1,250,000, currently priced at its $1,236,481 Fair Market Value. Holding a Condition Rating of 4, the property offers significant upside through the renovation of dated interiors to capture higher market rents. The asset features a 6-car detached garage and on-site laundry for additional income, situated in a high-demand area near Disneyland and Cal State Fullerton. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists looking to build equity through forced appreciation in a stable rental market.
Property is moderate renovation needed.
The property, built in 1960, shows a mix of conditions. While the listing mentions 'newer renovations on balcony, roof, Electric panel, water heater and interiors,' and some units appear to have recent, basic updates (e.g., kitchen with white cabinets, mosaic backsplash, and laminate flooring in images 20-23; refreshed bathroom in images 27-28), other units clearly feature very dated kitchens with old cabinets, worn countertops, and older appliances (images 13, 15, 16). Bathrooms are generally basic and functional but not modern. Flooring varies from old tile to newer laminate and carpet. The exterior has fresh paint, and a new electrical panel is shown. Overall, it's an aged property that has received regular upkeep and some functional updates to major systems and select interiors, but it still requires substantial updates in several units to meet current standards, particularly in the kitchens and bathrooms.
The property is currently priced to sell with below-market rents, offering a significant opportunity for a discerning buyer to increase income and grow value.
The property has been well-maintained with recent updates including new exterior paint, balcony, roof, electric panel, water heater, and interior renovations.
Strategically located backing to a school playground and in close proximity to major attractions like Disneyland, Cal State Fullerton, and other schools, enhancing its rental appeal.
Current rents are below market rates, meaning immediate cash flow is not maximized and requires active management to achieve full income potential.
Built in 1960, despite recent renovations, the property may still have older systems or components not explicitly updated, potentially leading to future maintenance needs.
The property description explicitly states 'View: None', indicating an absence of desirable scenic views that could otherwise enhance its market value.
Priced to sell. Below market rents give the discerning buyer the great opportunity to buy smart and grow your value. New exterior paint and updates. Well maintained with newer renovations on balcony, roof, Electric panel, water heater and interiors. Fairly long term tenants in desirable rental area. Has a detached Garage with 6 single car garage - each unit gets one garage space. Laundry room with extra income. Good location backing to a school playground and in area that is fairly close to Schools including Cal State Fullerton, and Amusement Parks such as Disneyland.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.5 | 50% |
| Baths | 0.0 | 1.5 | 50% |
| Square foot | 3,891 | 3,320.5 | 50% |
| Lot Size | 8,276 | 7,558.5 | 50% |
| Price | $1.25M | $1.14M | 50% |
| Price per sq ft | $321 | $346 | 50% |
| Built year | 1960 | 1974 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 170 | 277 | 50% |
Mar 9, 2026
$1,250,000
$1,300,000
-4% Price Drop
Initial Listing
Jan 17, 2026
$1,300,000
$1,290,000
+1% Price Increase
Initial Listing
Dec 13, 2025
$1,290,000
$1,388,800
-7% Price Drop
Initial Listing
Nov 3, 2025
$1,388,800
Initial Listing