1827 W Gramercy Avenue, Anaheim, California 92801, Anaheim, - bed, bath

home-pic
ACTIVE$1,475,000
1827 W Gramercy Avenue, Anaheim, California 92801
0Bed
0Bath
3,827Sqft
5,663Lot
Year Built
1960
Close
-
List price
$1.48M
Original List price
$1.48M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25197984
Home ConditionFair
Features
View-

About this home

EXPANSIVE FOURPLEX IN PRIME ANAHEIM LOCATION THIS WELL-MAINTAINED FOURPLEX OFFERS AN EXCEPTIONAL INVESTMENT OPPORTUNITY IN ONE OF ANAHEIM’S MOST DESIRABLE NEIGHBORHOODS. THE PROPERTY INCLUDES: - UNIT A: 2 BEDROOMS, 1 BATHROOM - UNIT B: 2 BEDROOMS, 1 BATHROOM - UNIT C: 2 BEDROOMS, 1 DEN, 1 BATHROOM - UNIT D: 3 BEDROOMS, 2 BATHROOMS EACH UNIT IS EQUIPPED WITH ITS OWN WATER HEATER, FEATURES CERAMIC TILE FLOORING IN BOTH THE KITCHEN AND BATHROOM, AND INCLUDES A DEDICATED SINGLE-CAR GARAGE. CONVENIENTLY LOCATED. CLOSE TO MAJOR SCHOOLS, SHOPPING CENTERS, AND EASY ACCESS TO THE 5 AND 91 FREEWAYS, THIS PROPERTY OFFERS BOTH COMFORT AND CONVENIENCE FOR TENANTS. LOW-MAINTENANCE INVESTMENT. LONG-TERM FAMILY TENANTS HELP KEEP OPERATING COSTS LOW BY COVERING THEIR OWN UTILITIES—INCLUDING GAS, ELECTRICITY, AND TRASH—MAKING THIS A TRULY HASSLE-FREE INCOME PROPERTY.

Price History

Date
Event
Price
09/03/25
Listing
$1,475,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds00
Baths00
Square foot3,8272,817
86%
Lot Size5,6637,841
14%
Price$1.48M$1.29M
71%
Price per square foot$385$447
14%
Built year19601960
50%
HOA
Days on market63141
29%
Condition Rating
Fair

Built in 1960, this quadruplex is an older property. While the description states it is 'well-maintained' and features 'ceramic tile flooring in both the kitchen and bathroom,' the lack of interior photos prevents a full assessment of the style and condition of kitchens, bathrooms, appliances, and fixtures. The exterior images show a building consistent with its age, with older window styles and general architecture that suggests it has not undergone a major modern renovation. The 'ceramic tile' update, while positive, is likely 15-30 years old, aligning with the 'Fair' category's criteria for an aged but maintained property where major components are functional but show signs of being outdated. It is clearly not 'Excellent' or 'Good' due to its age and apparent lack of recent, extensive modernization, but it is also not 'Poor' or 'Tear-down' as it is described as well-maintained and occupied by long-term tenants.
Pros & Cons

Pros

Exceptional Investment Opportunity: This property is a well-maintained fourplex, explicitly marketed as an 'exceptional investment opportunity' and a 'hassle-free income property' in a desirable market.
Prime & Convenient Location: Situated in a 'prime Anaheim location' within one of its 'most desirable neighborhoods,' offering excellent access to major schools, shopping centers, and the 5 and 91 Freeways.
Low-Maintenance & Cost-Efficient Operation: Described as a 'low-maintenance investment' with long-term family tenants covering their own utilities (gas, electricity, trash), significantly reducing landlord operating costs.
Diverse Unit Mix & Dedicated Amenities: Features a desirable mix of 2-bedroom and 3-bedroom units, each equipped with its own water heater and a dedicated single-car garage, enhancing tenant appeal and functionality.
Stable Tenant Base: The presence of 'long-term family tenants' suggests a stable occupancy history and potentially lower turnover rates, contributing to consistent income.

Cons

Property Age & Potential for Updates: Built in 1960, the property's age may imply older infrastructure, systems, or aesthetics that could require significant capital expenditures for modernization or deferred maintenance in the future.
Limited Modern Amenities/Finishes: While well-maintained, the description primarily highlights ceramic tile and individual water heaters, suggesting a lack of modern upgrades such as central air conditioning, in-unit laundry (beyond water heater), or contemporary kitchen/bathroom finishes across all units.
Potential for Below-Market Rents: The mention of 'long-term family tenants' could indicate that current rents may be below market value, potentially limiting immediate income upside for a new investor without tenant turnover or significant rent increases.

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