927 N Magnolia, Anaheim, California 92801, Anaheim, 92801 - 3 bed, 2 bath
ACTIVE$728,000$1,207/sqft
Est. Value: $631,165
-13%
AboveEstimate
927 N Magnolia, Anaheim, California 92801
3Beds
2Baths
1,207Sqft
6,500Lot
Price Vs. Estimate
The estimated value ($631,164.6) is $96,835.4 (13%) lower than the list price ($728,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU & Income Potential: The property offers strong potential for an Accessory Dwelling Unit (ADU) due to its layout, sizable lot, detached rear garage, and rear alley access, making it ideal for investors, multi-generational living, or rental income opportunities.
Top Cons:
Extensive Renovation Required: As a 'fixer-upper,' the property will require significant investment in time, capital, and effort for necessary renovations and modernization to bring it to current standards.
Compared to the nearby listings
Price:$728.0K vs avg $869.9K ($-141,900)5%
Size:1,207 sqft vs avg 1,288 sqft32%
Price/sqft:$603 vs avg $65832%
More Insights
Built in 1955 (71 years old).
Condition: Built in 1955, this property is explicitly described as a 'fixer-upper' requiring 'extensive renovation.' The images confirm severe neglect, with tarps covering parts of the structure, significant debris, and overall dilapidation. This level of disrepair, combined with the age and lack of apparent major renovations, strongly suggests the existing structure is beyond economical repair, and its value is primarily in the land for redevelopment.
Year Built
1955
Close
-
List price
$728K
Original List price
$728K
Price/Sqft
$603
HOA
-
Days on market
-
Sold On
-
MLS number
PW25277793
Home ConditionTear down
Features
Patio
View-
About this home
Rare fixer-upper opportunity offering strong upside and possible ADU potential (buyer to verify). Situated on a sizable lot with rear alley access, this property features a detached rear garage, allowing two separate points of entry. The layout and lot configuration offer excellent potential for an ADU with separate access, making it ideal for investors, multi-generational living, or rental income opportunities. The property is well-suited for renovation, expansion, or future development
M
Malto Vo
Listing Agent
Condition Rating
Tear down
Built in 1955, this property is explicitly described as a 'fixer-upper' requiring 'extensive renovation.' The images confirm severe neglect, with tarps covering parts of the structure, significant debris, and overall dilapidation. This level of disrepair, combined with the age and lack of apparent major renovations, strongly suggests the existing structure is beyond economical repair, and its value is primarily in the land for redevelopment.
Pros & Cons
Pros
ADU & Income Potential: The property offers strong potential for an Accessory Dwelling Unit (ADU) due to its layout, sizable lot, detached rear garage, and rear alley access, making it ideal for investors, multi-generational living, or rental income opportunities.
Sizable Lot for Development: With a generous 6500 sqft lot, there is ample space for renovation, expansion, or future development, providing significant upside potential.
Value-Add Fixer-Upper: Presented as a 'rare fixer-upper opportunity offering strong upside,' this property is perfect for buyers looking to customize, add value, and build equity through renovation.
Strategic Anaheim Location: Located in Anaheim, a desirable Southern California city, the property benefits from access to amenities, employment centers, and attractions, contributing to its long-term appeal and value.
Rear Alley Access & Detached Garage: The unique combination of rear alley access and a detached garage provides practical benefits for separate entry points and parking, crucial for ADU development and overall property flexibility.
Cons
Extensive Renovation Required: As a 'fixer-upper,' the property will require significant investment in time, capital, and effort for necessary renovations and modernization to bring it to current standards.
Age of Property (1955): Built in 1955, the home is nearly 70 years old, suggesting that major systems (plumbing, electrical, HVAC) and components may be outdated and require costly replacement or upgrades.
Modest Current Living Space: With 1207 sqft for a 3-bedroom, 2-bathroom layout, the current living area is modest, which may necessitate expansion for buyers desiring more spacious living accommodations.