906 S Fann Street, Anaheim, California 92804, Anaheim, 92804 - bed, bath
906 S Fann Street
Anaheim, California 92804
Property Price
SUMMARY
Analysis of 906 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.
Built in 1960, this multi-unit property features interiors that are functional but dated. Kitchens have basic white cabinets, laminate countertops, and older appliances. Bathrooms are similarly basic. While some units have updated wood-look laminate flooring, and the roof is new (4 years old), the overall condition, including visible window AC units and older electrical/gas meters, suggests that major systems are functional but show signs of being outdated. The property description also indicates units are under market rent, implying further renovations are needed to maximize income, aligning with a 'Fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Large Scale Investment Opportunity
This offering includes 14 units across two buildings (902 & 906 Fann), providing a substantial multi-family investment opportunity in a single transaction.
- Prime Rental Location
Situated in a desirable Anaheim rental location, just one block from Euclid and Ball, offering excellent access to restaurants and public transportation, enhancing tenant appeal.
- Significant Income Upside Potential
All units are currently under market rent, with a conservative pro forma indicating a potential annual income increase from $121,260 to $191,000 for 7 units, suggesting substantial value-add through rent optimization.
CONSRISKS & DEFICIENCIES
- Current Under-Market Rents
While offering upside, the current rental income is below market potential, requiring active management and potential tenant turnover/renovations to achieve the projected higher income.
- Age of Property & Potential System Updates
Built in 1960, the property is over 60 years old. Although the roof is new, other major systems (e.g., plumbing, electrical, HVAC) may be original or require significant capital expenditure for modernization.
- Unspecified Interior Unit Condition
The description highlights curb appeal but lacks details on the interior condition of the 14 units. Achieving market rents will likely necessitate unit renovations, representing an additional investment cost and potential vacancy periods.
About 906 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 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. 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. The building also has a coin operated laundry facility that generates income. 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
- 1960
- Lot Size
- 6,312 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 | 4,566 | 5,105 | 50% |
| Lot Size | 6,312 | 7,730 | 50% |
| Price | $2.10M | $1.97M | 50% |
| Price per sq ft | $460 | $392 | 50% |
| Built year | 1960 | 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