906 S Fann Street, Anaheim, California 92804, Anaheim, 92804 - 0 bed, 0 bath
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Anaheim, California 92804
This Multi-Family Investment Asset represents a Strong Value Opportunity with a List Price of $2,100,000, positioned accurately at its $2,099,724 Fair Market Value. Currently maintaining a Fair Condition Rating, the property features seven units with separate gas and electric meters and individual one-car garages, significantly reducing owner utility overhead. The primary value-add potential lies in the rental upside, with current income of $121,260 trailing a $191,000 Pro Forma target. This asset is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers looking to capture forced appreciation in a prime Anaheim rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 906 S Fann Street Subject | $2,100,000* List Price | 0 | 0 | 4,566 | $460 | - |
A 902 S Fann Street Active | $2,100,000 List Price | 0 | 0 | 4,568 | $460 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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window AC units and older electrical/gas meters, suggests that major systems are functional but show signs of being outdated.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.
This offering includes 14 units across two buildings (902 & 906 Fann), providing a substantial multi-family investment opportunity in a single transaction.
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.
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.
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.
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.
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.
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!.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 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 | 441 | 398 | 0% |
Jan 28, 2026
$2,100,000
Initial Listing
Feb 5, 2025
$2,300,000
Initial Listing