902 S Fann Street, Anaheim, California 92804, Anaheim, 92804 - bed, bath
902 S Fann Street
Anaheim, California 92804
Property Price
SUMMARY
Analysis of 902 S Fann Street, Anaheim, California 92804 is currently available with a list price of $2,100,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Anaheim Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1959, making it 65 years old. While the roof is a recent update (4 years old), the interior images show kitchens and bathrooms with dated styles, older white appliances, and basic fixtures. The presence of window AC units indicates a lack of central HVAC. The units are functional and appear maintained, but they have not undergone extensive modern renovations and would require significant updates to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Substantial Investment Portfolio
Acquisition of 14 units across two mirror-match buildings offers significant scale and immediate portfolio diversification for an investor.
- High-Demand Location
Situated in a prime Anaheim rental market, offering excellent access to major employment hubs, tourist attractions (Disneyland, Knott's Berry Farm), public transport, and local amenities.
- Significant Income Upside
Current rents are below market, presenting a clear opportunity to substantially increase annual income from $121,260 (for 7 units) to a pro forma of $191,000 (for 7 units), maximizing return on investment.
CONSRISKS & DEFICIENCIES
- Current Under-Market Rents
While offering future upside, the existing under-market rents mean the property currently generates lower cash flow than its potential, requiring active management to realize full income.
- Age of Construction
Built in 1959, the buildings are over six decades old, which may necessitate future capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or general modernization not explicitly detailed.
- Recent Price Adjustment
A notable price reduction from the original listing price could indicate an initial overvaluation or a slower market response, potentially signaling a need for further negotiation or a longer time to close.
About 902 S Fann Street
Excellent opportunity to own 14 units in Prime Anaheim rental location! This property is 7 units and is being sold with the mirror-match building next door also with its 7 units. 902 Fann and 906 Fann, Anaheim are being sold together. each building has 7 units; 3 2-bedroom units and 4 1-bedroom units, each unit has a 1 car garage. each unit has separate gas and electric meters. The roof is 4 years old. The building also has a coin operated laundry facility that generates income. All units are under market rent but there is still $121,260 in annual income for 7 units with a conservative Pro Forma of $191,000. Located 1 block to Euclid and Ball with many restaurants and also public transportation as well as close proximity to Disneyland, Knott's Berry farm and all the employment opportunities that Anaheim's Hotels, restaurants and attractions has to offer. Excellent curb appeal will make you proud when you drive by and check out the jewel in your investment portfolio!.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1959
- Lot Size
- 12,763 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,568 | 5,106 | 50% |
| Lot Size | 12,763 | 10,955.5 | 50% |
| Price | $2.10M | $1.97M | 50% |
| Price per sq ft | $460 | $392 | 50% |
| Built year | 1959 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 395 | 352 | 0% |
Pricing History
Listed for Sale
Jan 28, 2026
$2,100,000
Initial Listing
Price Change
Feb 5, 2025
$2,300,000
Initial Listing