1827 W Gramercy Avenue, Anaheim, California 92801, Anaheim, - bed, bath
ACTIVE$1,590,000
1827 W Gramercy Avenue, Anaheim, California 92801
0Bed
0Bath
3,827Sqft
5,663Lot
Year Built
1960
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24183098
Home ConditionFair
Features
View-
About this home
THIS EXPANSIVE FOURPLEX, SITUATED IN A PRIME ANAHEIM AREA, FEATURES UNIT #A WITH 2 BEDROOMS AND 1 BATH, UNIT #B WITH 2 BEDROOMS AND 1 BATH, UNIT #C WITH 3 BEDROOMS AND 1 BATH, AND UNIT #D WITH 4 BEDROOMS AND 2 BATHS. EACH UNIT BOASTS ITS OWN WATER HEATER, CERAMIC TILES IN THE KITCHEN AND BATHROOM, AND INCLUDES A SINGLE-CAR GARAGE. AN IDEAL HASSLE-FREE INVESTMENT, THIS PROPERTY IS CONVENIENTLY LOCATED NEAR MAJOR SCHOOLS, SHOPPING CENTERS, AND THE 5 AND 91 FREEWAYS. LONG-STANDING FAMILY TENANTS CONTRIBUTE TO LOW BUILDING EXPENSES BY PAYING FOR THEIR OWN GAS, ELECTRICITY, AND TRASH.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,827 | 2,817 | 86% |
| Lot Size | 5,663 | 7,841 | 14% |
| Price | $1.59M | $1.29M | 86% |
| Price per square foot | $415 | $447 | 43% |
| Built year | 1960 | 1960 | 50% |
| HOA | |||
| Days on market | 424 | 188 | 86% |
Condition Rating
Fair
The property was built in 1960. The description mentions ceramic tiles in the kitchen and bathroom, which suggests some level of maintenance. However, given the age and lack of specific details about renovations, it's likely that the property is aged but maintained through regular upkeep and occasional updates. It likely requires minor updates or repairs.
Pros & Cons
Pros
Income Potential: Fourplex property provides immediate rental income from four separate units.
Prime Location: Located in a desirable Anaheim area, close to schools, shopping, and freeways (5 and 91).
Low Building Expenses: Tenants pay for their own gas, electricity, and trash, reducing owner expenses.
Unit Features: Each unit includes its own water heater and a single-car garage.
Stable Tenancy: Long-standing family tenants suggest stability and reduced turnover.
Cons
Property Age: Built in 1960, the property may require updates or repairs to meet modern standards.
Limited Bathrooms: Some units have only one bathroom, which may limit appeal to certain tenants.
Potential for Renovation: Ceramic tiles in kitchen and bathroom may be outdated and require renovation.