516 S State College, Anaheim, California 92806, Anaheim, - bed, bath

home-pic
ACTIVE$2,500,000
516 S State College, Anaheim, California 92806
2Beds
1Bath
1,008Sqft
22,866Lot
Year Built
1905
Close
-
List price
$2.5M
Original List price
$3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25008298
Home ConditionTear down
Features
View-

About this home

THE VALUE IS IN THE LAND! Welcome to 516 S State College Blvd, Anaheim, CA, a unique opportunity to own a versatile property in a prime location. This single-family home sits on a generous plot of land, offering endless possibilities for customization and expansion. Whether you're looking to create your dream home or invest in a property with significant potential, this location is ideal. The existing structure provides a solid foundation for renovation or redevelopment, allowing you to tailor the space to your specific needs and preferences. The spacious lot offers ample room for outdoor living, gardening, or even additional structures, making it a perfect canvas for your vision. Located in the vibrant city of Anaheim, this property is conveniently situated near a variety of amenities, including shopping, dining, and entertainment options. The bustling atmosphere of the area ensures that you'll never be far from the action, while the property's generous size offers a sense of privacy and tranquility. This is a rare chance to acquire a property with such flexibility and potential in a sought-after location. Whether you're an investor, developer, or homeowner looking to create a personalized space, 516 S State College Blvd presents an exceptional opportunity. Don't miss out on the chance to make this property your own and capitalize on its possibilities. Contact us today to explore the potential of this unique offering.

Nearby schools

2/10
Lincoln (Abraham) Elementary School
Public,K-60.5mi
4/10
Juarez (Benito) Elementary School
Public,K-60.6mi
5/10
Roosevelt (Theodore) Elementary School
Public,K-60.6mi
2/10
South Junior High School
Public,7-80.4mi
1/10
Sycamore Junior High School
Public,7-80.7mi
5/10
Katella High School
Public,9-120.7mi
4/10
Anaheim High School
Public,9-122.0mi

Price History

Date
Event
Price
08/29/25
Price Change
$2,500,000
01/15/25
Listing
$2,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (46 Listings)
Beds23
2%
Baths12
2%
Square foot1,0081,803
2%
Lot Size22,8667,350
94%
Price$2.5M$1.01M
98%
Price per square foot$2,480$572
98%
Built year19051962
2%
HOA
Days on market293152
98%
Condition Rating
Tear down

The property was built in 1905, making it over 100 years old. The listing description explicitly states, 'THE VALUE IS IN THE LAND!' and mentions 'renovation or redevelopment' of the existing structure, indicating the current building is not considered a primary asset. There are no interior images provided, which strongly suggests the interior is in unlivable or extremely poor condition, requiring demolition or extensive rehabilitation beyond typical renovation. This aligns perfectly with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment, with no major renovations in the past 50 years.
Pros & Cons

Pros

Exceptional Land Value & Development Potential: The property's primary value lies in its generous 22,866 sqft lot, offering significant potential for redevelopment, expansion, or creating a custom dream home in a sought-after area.
Prime Anaheim Location: Conveniently situated in a vibrant part of Anaheim, providing easy access to a variety of amenities including shopping, dining, and entertainment options.
Versatile Investment Opportunity: This property appeals to a broad range of buyers, including investors, developers, and homeowners looking for a highly customizable space with significant long-term potential.
Spacious Lot for Privacy & Expansion: Despite its urban setting, the large lot size offers ample room for outdoor living, gardening, or additional structures, providing a sense of privacy and tranquility.
Existing Structure as a Foundation: The current 1905-built structure, while old, is described as a 'solid foundation' for renovation or redevelopment, offering flexibility rather than requiring an immediate full tear-down.

Cons

Outdated & Limited Existing Structure: Built in 1905 with only 1008 sqft, 2 beds, and 1 bath, the existing home is significantly outdated and small, requiring substantial renovation or complete redevelopment to meet modern living standards.
High Price Point for Land-Centric Value: The $2.5 million list price is primarily for the land, which may deter buyers seeking a move-in ready home and narrows the market to those specifically looking for a development or major renovation project.
No Specific View: The property explicitly states 'view: None', which could be a drawback for buyers prioritizing scenic outlooks, especially given the price point.

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