932 N Harbor Boulevard, Anaheim, California 92805, Anaheim, - bed, bath
ACTIVE UNDER CONTRACT$749,000
932 N Harbor Boulevard, Anaheim, California 92805
0Bed
0Bath
1,036Sqft
5,227Lot
Year Built
1923
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25196294
Home ConditionPoor
Features
View-
About this home
Seller has not raised the rents in over ten years. Current tenants paying significantly under market rents with no current lease. 3 Private Garages + 1 open space. Untapped revenue streams: laundry room and private garages. Expenses shown below are estimates and adjusted property tax. Contact broker for the offering memorandum which has all the details.
Price History
Date
Event
Price
09/01/25
Listing
$749,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (5 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,036 | 1,740 | 33% |
| Lot Size | 5,227 | 5,308 | 50% |
| Price | $749K | $893K | 17% |
| Price per square foot | $723 | $480 | 67% |
| Built year | 1923 | 9690978 | 33% |
| HOA | |||
| Days on market | 65 | 184 | 17% |
Condition Rating
Poor
Built in 1923, this property is over 100 years old with no indication of major renovations in the MLS description or visible in the exterior images. The description explicitly states the seller has not raised rents in over ten years and tenants are paying significantly under market, strongly implying the property has not been updated to modern standards. While not explicitly 'unlivable' (as it's tenant-occupied), a property of this age without stated updates will almost certainly require substantial repairs and rehabilitation, including major system replacements (plumbing, electrical, HVAC, roof) to meet current safety, comfort, and market standards. The lack of interior photos, especially of kitchens and bathrooms, further suggests these areas are likely very outdated and in poor condition, requiring significant investment.
Pros & Cons
Pros
Significant Rent Upside: Current tenants are paying significantly under market rents with no current lease, offering immediate potential for substantial income increase upon acquisition.
Untapped Revenue Streams: The property presents additional income opportunities through the implementation of a laundry room and monetization of private garages.
Ample Parking: With three private garages and one open space, the property offers valuable and desirable parking solutions for tenants.
Flexible Tenancy: The absence of current leases provides a new owner with immediate flexibility to adjust rents or restructure tenancy agreements.
Income-Generating Asset: As a residential income duplex, the property is well-suited for investors seeking consistent cash flow and long-term appreciation in a desirable market.
Cons
Advanced Age of Property: Built in 1923, the property is over 100 years old, suggesting potential for deferred maintenance, outdated systems, and the need for significant capital expenditures.
Limited Property Condition Details: The listing description lacks information regarding the physical condition, interior features, or recent renovations, which may imply the property requires substantial updates.
Immediate Low Cash Flow: Despite future upside, the current under-market rents mean the property generates lower immediate cash flow until rent adjustments are successfully implemented, requiring initial investment or patience.