208 S Illinois, Anaheim, CA 92805

Local realty services provided by:ERA North Orange County Real Estate
208 S Illinois,Anaheim, CA 92805
$1,350,000
  • 7 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:ryan anderson
Office:r l m equities
MLS#:NP25240630
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,350,000

About this home

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.

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Home facts

  • Listing ID #:NP25240630
  • Added:18 day(s) ago
  • Updated:November 03, 2025 at 03:48 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5

Finances and disclosures

  • Price:$1,350,000
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