847 S Philadelphia, Anaheim, California 92805, Anaheim, 92805 - 2 bed, 1 bath
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847 S Philadelphia
Anaheim, California 92805
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
1Baths
1,132Sq Ft
7,285Lot Size
Property Price
LIST PRICE$805,000
EST. MARKET VALUE
$759,528
5% AboveMARKET VALUE
SUMMARY
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.
Estimated Market Value
$759,528
Based on Realkey algorithm analyzing recent comparable sales in Anaheim.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 847 S Philadelphia Subject | $805,000* List Price | 2 | 1 | 1,132 | $671 | - |
A 309 E Water Street Sold | $785,000 | 3 | 2 | 950 | $826 | 0.3 mi |
B 1418 E Pat Sold | $810,000 | 3 | 2 | 1,148 | $706 | 0.8 mi |
C 134 W Ball Sold | $670,000 | 3 | 2 | 1,000 | $670 | 0.5 mi |
D 719 S Citron Street S Sold | $735,000 | 3 | 1 | 1,101 | $668 | 0.7 mi |
E 718 S Citron Street Sold | $750,000 | 3 | 1 | 1,118 | $671 | 0.7 mi |
F 615 S Helena Circle Sold | $674,000 | 1 | 1 | 816 | $826 | 0.5 mi |
G 1202 S Palm Active | $846,000 List Price | 4 | 2 | 1,106 | $765 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Development Potential
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.
- Recent Structural Upgrade
The detached garage was recently rebuilt within the last year, offering a modern, sturdy structure that adds immediate value and utility to the site.
CONSRISKS & DEFICIENCIES
- Property Condition
The 1922-built home requires significant 'TLC' and modernization, indicating that a buyer will need to budget for repairs and upgrades.
- Limited Existing Layout
The current configuration of only two bedrooms and one bathroom may be insufficient for modern family needs without a substantial expansion or reconfiguration.
About 847 S Philadelphia
R3 zoning means this home in the heart of Anaheim can be developed into a multiunit property! Close to Disneyland, and the stylish Anaheim Packing District. Home needs some TLC, but has great bones on a huge, useable lot. Come make this your dream home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 7,285 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.7 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,132 | 1,664.668 |
| Lot Size | 7,285 | 7,030.212 |
| Price | $805.0K | $1.02M |
| Price per sq ft | $711 | $641 |
| Built year | 1922 | 1960 |
| HOA | $0 | $222 |
| Days on market | 124 | 46 |
Pricing History
Listed for Sale
Aug 22, 2026
$805,000
$850,000
-5% Price Drop
Initial Listing
Price Change
Jul 14, 2026
$850,000
$865,000
-2% Price Drop
Initial Listing
Price Change
May 8, 2026
$865,000
Initial Listing
Sold
Sep 27, 2017
$456,000
Public Record