637 N Anna Drive, Anaheim, California 92805, Anaheim, 92805 - bed, bath
ACTIVE$1,290,000
637 N Anna Drive, Anaheim, California 92805
0Bed
0Bath
3,891Sqft
8,276Lot
Year Built
1960
Close
-
List price
$1.29M
Original List price
$1.39M
Price/Sqft
$332
HOA
-
Days on market
-
Sold On
-
MLS number
OC25246897
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
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.
Price History
Date
Event
Price
12/13/25
Price Change
$1,290,000-7.1%
11/03/25
Listing
$1,388,800
Condition Rating
Fair
Built in 1960, the property's core infrastructure is significantly aged. While the listing mentions 'newer renovations on balcony, roof, Electric panel, water heater and interiors,' the images reveal kitchens and bathrooms that are largely outdated in style and features. Kitchens have older white appliances, basic cabinets, laminate countertops, and dated light fixtures. Bathrooms feature basic vanities, older tub/shower combos, and dated lighting. Some areas show newer laminate flooring, but the overall aesthetic of key living spaces requires substantial cosmetic updates to meet current standards. The property appears maintained and functional, but not recently renovated to a modern quality.
Pros & Cons
Pros
Significant Value-Add Opportunity: The property is currently operating with below-market rents, offering a discerning buyer a clear opportunity to increase income and grow value through rent optimization.
Recent Capital Improvements: Extensive updates including new exterior paint, renovations on balcony, roof, electric panel, water heater, and interiors indicate a well-maintained property with reduced immediate capital expenditure for the new owner.
Stable Tenant Base: The presence of fairly long-term tenants in a desirable rental area suggests a reliable income stream and lower vacancy risk.
Additional Income Streams: The property includes a detached 6-car garage, providing dedicated parking for each unit, and a laundry room that generates extra income, enhancing overall profitability.
Strategic Location: Located in a desirable area of Anaheim, close to Cal State Fullerton and Disneyland, making it highly attractive to a broad tenant pool including students, families, and tourism industry workers.
Cons
Aging Infrastructure: Built in 1960, the property's core infrastructure is over 60 years old. Despite recent renovations, older buildings can incur higher long-term maintenance costs and potential unforeseen issues.
Current Underperformance in Rents: While an opportunity, the 'below market rents' mean the property is not currently maximizing its income potential, requiring active management and potential tenant transitions to achieve market rates.
Proximity to School Playground: Backing directly onto a school playground could lead to increased noise levels during school hours, which might be a deterrent for some prospective tenants seeking a quieter living environment.