208 S Illinois, Anaheim, CA 92805

$1,135,000

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Listed by Ryan Anderson, from R L M Equities
(If provided) CoList: from

Sold listing courtesy of Randall Mycorn from

Sold Price
$1,135,000
List Price
$1,350,000
Closing Date
Nov 21, 2025
MLS#
CRNP25240630
Status
SOLD
Lot Size
7,750
Listing Area
699 - Not Defined

Property Description

Below Market Rents = Significant Rent Growth Opportunity. Updated units in the area command substantially higher rents than current in-place leases. With selective renovations (kitchens, baths, flooring, paint, windows), rents can be increased several hundred dollars per unit per month, dramatically improving cash flow and property value. Making this property well over a 5.5% CAP on market rents. Front triplex + detached rear unit appeals to a wide range of tenants. Rear unit could command a premium (privacy, standalone structure). Potential for long-term hold, cash flow, or future redevelopment. Current rents are well below market. Immediate upside through interior renovations and bringing rents to market levels. Additional potential through exterior cosmetic improvements, utility bill-backs (RUBS), and improved management.

Additional Information

Garage Parking
No Parking
Laundry Facilities
None
Levels
One Story
Lot Size
7,750
Neighborhood
699 - Not Defined
Numberof Units
4
Pool Description
None
Unincorporated Yn
Yes

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