1235 W Pearl Street, Anaheim, California 92801, Anaheim, - bed, bath

ACTIVE$1,350,000
1235 W Pearl Street, Anaheim, California 92801
0Bed
0Bath
3,000Sqft
15,682Lot
Year Built
1966
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25237498
Home ConditionFair
Features
Patio
View-
About this home
triplex in the heart of anaheim. unit 1 2 bedroom/ 1 bath unit 2 2bedroom 2 bath and unit 3 2 bedroom 1 bath. No joining walls each unit is their own building.
Price History
Date
Event
Price
10/10/25
Listing
$1,350,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,000 | 2,817 | 57% |
| Lot Size | 15,682 | 7,841 | 86% |
| Price | $1.35M | $1.29M | 57% |
| Price per square foot | $450 | $450 | 50% |
| Built year | 1966 | 1964 | 57% |
| HOA | |||
| Days on market | 27 | 142 | 14% |
Condition Rating
Fair
Built in 1966, this triplex shows a mix of updates across its units. One unit features a more recently updated kitchen with modern wood cabinets, white countertops, stainless steel appliances, and new-looking laminate flooring. However, another unit displays older painted cabinets, older white appliances, though with updated granite-look countertops and wood-look tile flooring. The presence of wall-mounted AC units rather than central HVAC indicates that major system upgrades are likely not comprehensive. While some cosmetic updates have been made, the property's age and inconsistent renovation levels, particularly in kitchens and cooling systems, suggest it is aged but maintained, requiring minor updates to bring all units to a consistent, modern standard.
Pros & Cons
Pros
Strong Income Potential: As a triplex, the property offers multiple rental streams, making it an attractive investment for consistent cash flow and portfolio diversification.
Desirable Unit Configuration: The property features three 2-bedroom units (one with 2 baths), catering to a broad range of tenant needs and maximizing occupancy potential.
Enhanced Tenant Privacy: A significant advantage is that 'no joining walls' means each unit is its own standalone building, offering superior privacy and reduced noise compared to typical multi-unit properties.
Prime Anaheim Location: Situated in the 'heart of Anaheim,' the property benefits from high rental demand due to its proximity to amenities, entertainment, and employment centers.
Substantial Lot Size: The generous 15,682 sqft lot provides ample outdoor space, potential for additional parking, or future development opportunities, subject to local zoning regulations.
Cons
Age of Construction: Built in 1966, the property is over 50 years old, which may indicate a need for significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or general modernization.
Potential for Deferred Maintenance: The description does not mention any recent renovations or updates, suggesting the units might be in original or dated condition, potentially requiring immediate investment to attract premium tenants and maximize rental income.
Lack of Specific Amenities/Features: The property description is basic, lacking details on individual unit amenities, parking provisions, or common area features, which could be a concern for tenant attraction and retention in a competitive market.

