847 S Philadelphia, Anaheim, California 92805, Anaheim, 92805 - 2 bed, 1 bath
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Anaheim, California 92805
This property presents a High-Potential Investment Opportunity with a List Price of $865,000—positioned above the $756,263 Fair Market Value. While the home carries a Fair Condition Rating of 5, the R3 Zoning on a 7,285 sqft lot provides significant upside for development. The recently rebuilt detached garage adds immediate utility, while the month-to-month tenancy offers flexible transition options. This asset is ideal for Buy-and-Hold Investors or Real Estate Developers focused on long-term value-add through unit expansion and site optimization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 847 S Philadelphia Subject | $865,000* List Price | 2 | 1 | 1,132 | $668 | - |
A 718 S Citron Street Sold | $750,000 | 3 | 1 | 1,118 | $671 | 0.7 mi |
B 719 S Citron Street S Sold | $735,000 | 3 | 1 | 1,101 | $668 | 0.7 mi |
C 842 S Anaheim Boulevard Sold | $760,000 | 3 | 1 | 910 | $835 | 0.1 mi |
D 314 S Ohio Sold | $799,000 | 3 | 1 | 1,469 | $544 | 0.9 mi |
E 1206 S Palm Active | $866,000 List Price | 4 | 2 | 1,106 | $783 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 with no significant interior updates noted. The exterior shows peeling paint and weathered wood, while the interior features worn hardwood floors and dated wall heating systems. The listing explicitly mentions the home 'could use some TLC' and highlights R3 zoning for redevelopment, suggesting the value is primarily in the land or a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7285, living area = 1132.
The property is zoned R3 on a large, flat 7,285 sqft lot, providing a significant opportunity to increase value by building one or two additional units.
The detached garage was recently rebuilt within the last year, offering a modern, sturdy structure that adds immediate value and utility to the site.
The 1922-built home requires significant 'TLC' and modernization, indicating that a buyer will need to budget for repairs and upgrades.
The current configuration of only two bedrooms and one bathroom may be insufficient for modern family needs without a substantial expansion or reconfiguration.
This property is zoned for R3, meaning it would be a great opportunity for someone looking to build one or two additional units. The backyard is huge and flat. The detached garage was recently rebuilt within the last year. The home could use some TLC, but it has great potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,132 | 1,450 | 22% |
| Lot Size | 7,285 | 6,180 | 78% |
| Price | $865.0K | $904.0K | 36% |
| Price per sq ft | $764 | $668 | 80% |
| Built year | 1922 | 1953 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 135 | 4% |
May 8, 2026
$865,000
Initial Listing
Sep 27, 2017
$456,000
Public Record