735 N Philadelphia, Anaheim, California 92805, Anaheim, 92805 - 0 bed, 0 bath
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Anaheim, California 92805
This High-Potential Investment Opportunity is a turnkey, fully leased duplex listed at $1,350,000, positioned slightly above the $1,327,366 Fair Market Value. Featuring a Condition Rating of 2, this asset includes significant capital improvements like a new roof and plumbing, ensuring immediate stability. With $7,200 in monthly gross income and complete ADU architectural plans ready for submission, the property offers a clear path to increased density. This is a stabilized, income-producing asset ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 735 N Philadelphia Subject | $1,350,000* List Price | 0 | 0 | 2,094 | $634 | - |
A 716 N Harbor Sold | $998,000 | 3 | 2 | 1,730 | $577 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is described as a turnkey, fully renovated duplex with extensive recent capital improvements including a new roof, new plumbing, new windows, and fresh exterior paint, meeting the criteria for a high-quality renovation under 5 years old.
The property is a turnkey, fully leased duplex generating $7,200 in monthly gross income, providing immediate stability and a strong cap rate for investors.
Architectural plans for an ADU conversion are already complete and ready for submission, offering a clear path to increase density and future rental revenue.
Significant upgrades including a new roof, new plumbing, and new windows minimize near-term maintenance expenses and enhance the property's long-term durability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 8045.
Several assigned schools, such as Sycamore Junior High and Lincoln Elementary, have low performance ratings, which may limit the property's appeal to families.
While electric and gas are separately metered, the property relies on a single water meter, complicating utility billing and expense management between units.
Turnkey, fully renovated duplex generating $7,200 per month in gross rental income. Situated on a 7,841 square foot lot, this exceptional investment features two detached homes, both extensively remodeled and fully leased. The property has undergone significant capital improvements, including new plumbing, a new roof, new windows, fresh exterior paint, and new hardscape, providing a low-maintenance investment for years to come. Utilities include three electric meters, two gas meters, and one water meter. A detached two-car garage and additional alley-access parking offer ample parking options. Architectural plans and supporting documents for an ADU conversion are complete and on hand, ready for submission to the City, presenting an outstanding value-add opportunity for future income potential (buyer to verify all plans, permits, and development requirements). This is a rare opportunity to acquire a stabilized, income-producing property with immediate cash flow and significant upside.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,094 | 2,916 |
| Lot Size | 7,841 | 8,276 |
| Price | $1.35M | $1.41M |
| Price per sq ft | $645 | $485 |
| Built year | 1965 | 1969 |
| HOA | $0 | $528 |
| Days on market | 7 | 84 |
Jul 15, 2026
$1,350,000
Initial Listing
Mar 13, 2024
$950,000
Public Record