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825 S Claudina Street, Anaheim, California 92805, Anaheim, 92805 - bed, bath

825 S Claudina Street, Anaheim, California 92805 home-pic-0
ACTIVE$1,499,000
825 S Claudina Street, Anaheim, California 92805
0Bed
0Bath
2,636Sqft
7,841Lot
Year Built
1916
Close
-
List price
$1.5M
Original List price
$1.3M
Price/Sqft
$569
HOA
-
Days on market
-
Sold On
-
MLS number
OC24184467
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(83th), sqft - 2636(67th), beds - undefined(50th), baths - undefined(50th).

Welcome to a charming triplex, complemented by an ADU, located in the vibrant heart of Anaheim, near the Disneyland Resort and the city's entertainment hub. This residential income property blends comfort and convenience, offering an outstanding opportunity for investors or homeowners seeking consistent rental income. The property features three distinct units, each with its own unique appeal and functionality, plus an ADU. Whether you're an experienced investor or a homeowner looking to generate extra income, this property is a perfect match. The first unit includes 3 bedrooms and 2 bathrooms. The second unit offers 2 bedrooms and 1 bathroom. The third unit also provides 2 bedrooms and 1 bathroom. The ADU is a 2-bedroom, 1-bath unit. With the addition of the Accessory Dwelling Unit (ADU), this property presents an excellent opportunity to maximize rental income and tap into the growing demand for multifamily housing. This is a rare chance to unlock additional income potential while boosting the property’s overall value and appeal.

Condition Rating
Poor
The property was built in 1916, making it over a century old. The listing explicitly highlights its 'Advanced Age' and 'Lack of Renovation Details,' indicating 'significant deferred maintenance' and 'outdated systems (plumbing, electrical)' that will require 'substantial capital expenditures.' The visible window-mounted AC units further confirm outdated cooling systems. With no interior images, especially of kitchens and bathrooms, and considering the property's age and the stated weaknesses, it is highly probable that these critical areas, along with major systems, require substantial repairs and rehabilitation to meet current quality standards and provide modern comfort.
Pros & Cons

Pros

Exceptional Income Potential: The property features a triplex plus an ADU, totaling four distinct rental units, which maximizes rental income and capitalizes on the strong demand for multifamily housing.
Strategic Location: Located in the vibrant heart of Anaheim, near the Disneyland Resort and the city's entertainment hub, ensuring high tenant demand and potential for premium rental rates.
Versatile Investment Opportunity: Appeals to a broad range of buyers, from experienced investors seeking consistent cash flow to homeowners looking to generate significant supplemental income.
Diverse Unit Configuration: Offers a mix of 3-bedroom and 2-bedroom units, catering to a broader range of potential tenants and household sizes.
ADU Value Add: The inclusion of an Accessory Dwelling Unit (ADU) significantly boosts the property's overall value and income-generating capacity, aligning with current market trends.

Cons

Advanced Age of Property: Built in 1916, the property is over a century old, which likely implies significant deferred maintenance, outdated systems (plumbing, electrical), and potential for substantial capital expenditures.
Lack of Renovation Details: The description does not specify any recent renovations or updates to the individual units or major building systems, suggesting potential for significant modernization costs to attract premium tenants.
Unspecified Parking & Utilities: Absence of information regarding dedicated parking for multiple units and whether utilities are separately metered could lead to tenant disputes or increased landlord operational costs.

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