10537 Sherrill Street, Anaheim, California 92804, Anaheim, - bed, bath
ACTIVE$2,049,000
10537 Sherrill Street, Anaheim, California 92804
0Bed
0Bath
5,382Sqft
12,632Lot
Year Built
1965
Close
-
List price
$2.05M
Original List price
$2.23M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82013270
Home ConditionExcellent
Features
View-
About this home
Fully renovated fourplex with a ADU (over 750k invested). It has $350k annual gross income. Do remote management or live on site offseting costs (even with the current rates). It has a permitted ADU (added in 2024), a rare large lot with two separate structures and meters. Remodeled in 2022, 2 new storage units, 7 parking spots, a gate, a laundry room plus hookups in each unit. Low-maintenance with high-efficiency appliances (furniture free), Can be delivered vacant if needed. A quite neighborhood near major roads, super popular Super King grocery (2 blocks), Disneyland (10min), Anaheim Convention center etc
Price History
Date
Event
Price
09/10/25
Price Change
$2,049,000-4.7%
08/13/25
Price Change
$2,149,000
07/03/25
Listing
$2,228,400
Condition Rating
Excellent
Despite being built in 1965, the property has undergone a 'fully renovated' transformation in 2022, with an ADU added in 2024, indicating extensive updates within the last 5 years. The images confirm a modern aesthetic throughout, featuring new kitchen cabinets, stainless steel appliances, contemporary light fixtures, and updated bathrooms with modern vanities and tiling. The flooring appears to be consistent, modern laminate or hardwood. The description also notes 'high-efficiency appliances,' supporting the 'new or virtually new' standard. This property meets all criteria for an 'excellent' condition score.
Pros & Cons
Pros
Exceptional Income Potential: The property boasts a significant $350,000 annual gross income, offering a strong return on investment for a multi-unit property.
Extensive Recent Renovation & ADU: Over $750,000 has been invested in a full renovation completed in 2022, including a newly permitted ADU added in 2024, ensuring modern condition and increased unit count.
Strategic Multi-Unit Configuration: Features a rare large lot with two separate structures and meters, plus a newly added ADU, maximizing rental flexibility and tenant privacy.
Ample Parking & Security: Provides seven dedicated parking spots and a gated property, significantly enhancing tenant convenience and security for a multi-unit dwelling.
Prime Anaheim Location: Strategically located near major attractions like Disneyland (10 min), Anaheim Convention Center, and essential amenities, boosting rental demand and property value.
Cons
Recent Price Reductions: Multiple price adjustments from the original list price may indicate an initial overvaluation or a challenging market, potentially raising buyer concerns.
High Capital Outlay: The asking price of $2.049 million represents a substantial investment, which could narrow the pool of potential buyers, especially in the current interest rate environment.
Original Construction Age: Despite extensive renovations, the property's original build year of 1965 might suggest underlying infrastructure or components that could require future attention beyond the recent upgrades.