700 S Plymouth Place, Anaheim, California 92806, Anaheim, 92806 - 5 bed, 3 bath
ACTIVE$975,000
700 S Plymouth Place, Anaheim, California 92806
5Beds
3Baths
2,090Sqft
6,600Lot
Price Vs. Estimate
The estimated value ($975,000) is $0 (0%) lower than the list price ($975,000). This property may be overpriced.
Key pros and cons
Top Pros:
Guaranteed Rental Income: The property is currently leased to a long-standing Nursing Care Business, generating $4,700/month with a lease in place until 2027, providing immediate and stable cash flow for an investor.
Top Cons:
Mandatory Lease Assumption: The buyer must assume the existing lease until 2027, which restricts immediate owner-occupancy or the ability to change the property's use for several years.
Compared to the nearby listings
Price:$975.0K vs avg $1.02M ($-50,000)38%
Size:2,090 sqft vs avg 1,833 sqft64%
Price/sqft:$467 vs avg $55916%
More Insights
Built in 1967 (58 years old).
Condition: The property was built in 1967, making it over 50 years old. While a new roof was completed in 2024, which is a significant positive, the listing lacks interior images, especially of the kitchen and bathrooms, which are critical for a higher assessment. The visible window AC unit suggests the cooling system may be outdated or not central. The 'As-Is' sale condition, combined with the age, implies that while the property is described as 'well-maintained' for nursing care standards, it likely requires significant aesthetic updates to the kitchen, bathrooms, flooring, and fixtures to meet current residential quality standards. Major components are functional but show signs of being outdated, fitting the 'Fair' category.
Year Built
1967
Close
-
List price
$975K
Original List price
$1.07M
Price/Sqft
$467
HOA
-
Days on market
-
Sold On
-
MLS number
25565169
Home ConditionFair
Features
View
About this home
Investment Opportunity in Anaheim. Single-Family home located on a corner lot in a quiet and desirable cul-de-sac. 5 bedrooms and 3 bathrooms with a new roof completed in 2024. Approximately 4 miles east of Disneyland, 3 miles north of Angel Stadium, 3 Miles northeast of the Honda Center/OC Vibe. The Property is currently leased to a long-standing Nursing Care Business, generating $4,700/month. The lease is in place until 2027, and the buyer/investor must assume the remainder of the lease. The home is well-maintained and meets nursing care facility standards. Shown by appointment only by the listing agent or homeowner. Property to be sold As-Is.
Nearby schools
4/10
Juarez (Benito) Elementary School
Public,•K-6•0.4mi
5/10
Roosevelt (Theodore) Elementary School
Public,•K-6•0.5mi
2/10
Lincoln (Abraham) Elementary School
Public,•K-6•0.7mi
2/10
South Junior High School
Public,•7-8•0.2mi
1/10
Sycamore Junior High School
Public,•7-8•0.9mi
5/10
Katella High School
Public,•9-12•0.5mi
4/10
Anaheim High School
Public,•9-12•2.1mi
Condition Rating
Fair
The property was built in 1967, making it over 50 years old. While a new roof was completed in 2024, which is a significant positive, the listing lacks interior images, especially of the kitchen and bathrooms, which are critical for a higher assessment. The visible window AC unit suggests the cooling system may be outdated or not central. The 'As-Is' sale condition, combined with the age, implies that while the property is described as 'well-maintained' for nursing care standards, it likely requires significant aesthetic updates to the kitchen, bathrooms, flooring, and fixtures to meet current residential quality standards. Major components are functional but show signs of being outdated, fitting the 'Fair' category.
Pros & Cons
Pros
Guaranteed Rental Income: The property is currently leased to a long-standing Nursing Care Business, generating $4,700/month with a lease in place until 2027, providing immediate and stable cash flow for an investor.
Prime Location & Accessibility: Located on a desirable corner lot in a quiet cul-de-sac, with excellent proximity to major Anaheim attractions including Disneyland, Angel Stadium, and the Honda Center/OC Vibe.
Recent Major Upgrade: A new roof was completed in 2024, significantly reducing immediate capital expenditure for the buyer and enhancing the property's long-term value.
Spacious Layout: With 5 bedrooms and 3 bathrooms, the home offers a generous amount of space, suitable for a large family or its current use as a care facility.
Well-Maintained Condition: The property is described as well-maintained and meets nursing care facility standards, suggesting a good overall condition despite its age.
Cons
Mandatory Lease Assumption: The buyer must assume the existing lease until 2027, which restricts immediate owner-occupancy or the ability to change the property's use for several years.
As-Is Sale Condition: The property is being sold 'As-Is,' meaning the seller will not make repairs, potentially exposing the buyer to unforeseen costs for maintenance or upgrades.
Price Reduction History: Multiple price reductions from the original list price of $1.075M to $975K may indicate initial overpricing or market resistance, suggesting potential challenges in valuation.