Conceptual Elevation Plans
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516 South State College, Anaheim, CA 92806

$2.0M2bd · 1ba · 1,008 sqft
Lot 22,866 sqft•Single Family Residence•
Active
•66d on market•MLS# PW-26189019

Property Description

Rare Anaheim residential development opportunity! This approximately 22,800-square-foot site is zoned R2-2 and offers public-street access from both ends of the property. Rare Anaheim residential development opportunity! This approximately 22,800-square-foot site is zoned RS-2 and offers public-street access from both ends of the property. The property currently has a two-bedroom, one-bath home built in 1905 containing approximately 1,008 square feet, offering potential immediate rental income while a buyer evaluates future development opportunities. Preliminary concepts have been prepared for six attached single-family residences or an alternative eight-unit apartment community. The six-home concept features two-story, three-bedroom residences of approximately 1,800 square feet, attached two-car garages, additional onsite parking and a central through-access driveway. The apartment concept includes eight spacious two-bedroom units with private outdoor areas, landscaping, onsite parking and common recreation space. Ideally suited for homebuilders, apartment developers, build-to-rent investors and residential contractors seeking a well-located Anaheim infill project. APN 083-411-03. Conceptual plans and marketing package are available upon request. All plans, unit counts and development assumptions are conceptual only and have not been approved by the City. Buyer must independently verify zoning, density, permitted uses, setbacks, parking, fire access, utilities, fees and entitlement feasibility with the City of Anaheim and appropriate professionals.

Features & Amenities

FeeBuilt 1905

Property Details

Land Type
Fee
Year Built
1905
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
View
City Lights
Flooring
Tile, Wood
City
Anaheim
Zip Code
92806
County
Orange
Listed byPremier Realty Services, Inc, Victor Esparza

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$10,113.09
Principal & Interest
Loan Amount
$1,600,000
Total Interest
$2,040,712
Total Payment Over 30 Years
$3,640,712
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 2 active · 3 closed

516 South State College, Anaheim, CA 92806

Anaheim · Single Family Residence

$2.0M
Luxury Tier
Beds
2
Baths
1
Sqft
1,008
Lot
22,866 sqft
Year
1905
$/Sqft
$1984
Pool: No✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed in line with the median closed sale of $1,950,000. Price per sqft ($1,984) is a 183% premium to closed comps ($700). Expect a longer timeline — comps averaged 175 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $2.00M· $1,984/sqft
Total list price
Closed comps
vs closed median $1.95M
+$50K (+2.6%)
Active comps
vs active median $1.80M
+$200K (+11.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $730
+$1K (+171.8%)

Active Properties (2)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1417 James WayAnaheim1974533,61210,600$498$1.80M12932
1656 ShafferOrange1964421,8728,033$962$1.80M923
Total: 2 · Average4.52.52,7429,316.5$730$1.80M69
Median3,612$1.80M

Closed Properties (3)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1789 Shaffer StreetOrange201504/22/2025421,7298,500$1.80M$1.80M$1,0401.003532
436 Truslow AvenueFullerton202507/15/20261294,5008,150$2.19M$2.04M$4540.9341026
116 CornellFullerton192210/08/20261073,2176,250$2.00M$1.95M$6060.987925
Total: 3 · Average8.76.03,148.6677,633.333$1.93M$1.93M$700—174.66666666666666
Median3,217$1.95M$1.95M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.