9592 Katella Avenue, Anaheim, California 92804, Anaheim, 92804 - 3 bed, 2 bath
ACTIVE$870,000
9592 Katella Avenue, Anaheim, California 92804
3Beds
2Baths
1,267Sqft
8,680Lot
Price Vs. Estimate
The estimated value ($870,000) is $0 (0%) lower than the list price ($870,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8680, living area = 1267.
Top Cons:
Significant Overpricing: The current list price of $870,000 is 20% higher than the estimated property value of $693,059, suggesting a substantial overvaluation that could deter potential buyers and prolong market time.
Compared to the nearby listings
Price:$870.0K vs avg $959.5K ($-89,500)24%
Size:1,267 sqft vs avg 1,519 sqft20%
Price/sqft:$687 vs avg $63564%
More Insights
Built in 1956 (69 years old).
Condition: Built in 1956, this property is over 60 years old. The listing description explicitly states it's an 'opportunity' for those 'looking to remodel, expand, or build something new,' and the property analysis notes it 'heavily implies the need for extensive remodeling, expansion, or a complete rebuild.' The exterior image shows a neglected yard and a dated structure, and the complete absence of interior photos (especially of the kitchen and bathrooms) strongly suggests these areas are in very poor or original, unmaintained condition. The property requires substantial repairs and rehabilitation, making it far from move-in ready and likely uncomfortable or unsafe in its current state without significant investment.
Year Built
1956
Close
-
List price
$870K
Original List price
$888K
Price/Sqft
$687
HOA
-
Days on market
-
Sold On
-
MLS number
PW25193310
Home ConditionPoor
Features
Patio
View-
About this home
Opportunity knocks with this 3-bedroom, 2-bath home sitting on a spacious corner lot in Garden Grove! Zoned R3, the property opens the door to endless possibilities—whether you’re looking to remodel, expand, or build something new. The generous yards provide room for outdoor living or future additions, making it a versatile option for homeowners and investors alike. Just minutes from Disneyland, the location offers both convenience and long-term growth potential. Although the mailing address is Anaheim, the property belongs to the City of Garden Grove.
Condition Rating
Poor
Built in 1956, this property is over 60 years old. The listing description explicitly states it's an 'opportunity' for those 'looking to remodel, expand, or build something new,' and the property analysis notes it 'heavily implies the need for extensive remodeling, expansion, or a complete rebuild.' The exterior image shows a neglected yard and a dated structure, and the complete absence of interior photos (especially of the kitchen and bathrooms) strongly suggests these areas are in very poor or original, unmaintained condition. The property requires substantial repairs and rehabilitation, making it far from move-in ready and likely uncomfortable or unsafe in its current state without significant investment.
Pros & Cons
Pros
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 = 8680, living area = 1267.
R3 Zoning & Development Potential: The R3 zoning on a spacious 8680 sqft corner lot offers significant development opportunities, including multi-unit construction or substantial expansion, appealing strongly to investors and developers.
Prime Location: Situated just minutes from Disneyland, the property benefits from high demand, strong rental potential, and long-term appreciation prospects in a highly sought-after area.
Generous Corner Lot: The spacious 8680 sqft corner lot provides ample outdoor space, enhanced privacy, and significant room for future additions or landscaping improvements.
Versatile Investment Opportunity: The property's characteristics (R3 zoning, large lot, prime location) make it a flexible asset for various strategies, from a complete rebuild to a significant remodel or expansion.
Growth Potential: Its proximity to major attractions and the inherent flexibility due to zoning and lot size position it well for future value appreciation and diverse use cases.
Cons
Significant Overpricing: The current list price of $870,000 is 20% higher than the estimated property value of $693,059, suggesting a substantial overvaluation that could deter potential buyers and prolong market time.
Age and Implied Condition: Built in 1956, the property's description heavily implies the need for extensive remodeling, expansion, or a complete rebuild, indicating significant additional capital expenditure will be required beyond the purchase price.
History of Price Reductions: The property has undergone multiple price reductions from its original listing of $888,000 to $870,000, which may signal buyer resistance or an initial overestimation of market value, potentially impacting buyer confidence.