
516 South State College, Anaheim, CA 92806
516 South State College, Anaheim, CA 92806
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
Property Details
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Comparative Market Analysis
Luxury Tier · 2 active · 3 closed
Anaheim · Single Family Residence
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.
Active Properties (2)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1417 James Way | Anaheim | 1974 | 5 | 3 | 3,612 | 10,600 | $498 | $1.80M | 129 | 32 |
| 1656 Shaffer | Orange | 1964 | 4 | 2 | 1,872 | 8,033 | $962 | $1.80M | 9 | 23 |
| Total: 2 · Average | 4.5 | 2.5 | 2,742 | 9,316.5 | $730 | $1.80M | 69 | |||
| Median | 3,612 | $1.80M | ||||||||
Closed Properties (3)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1789 Shaffer Street | Orange | 2015 | 04/22/2025 | 4 | 2 | 1,729 | 8,500 | $1.80M | $1.80M | $1,040 | 1.00 | 35 | 32 |
| 436 Truslow Avenue | Fullerton | 2025 | 07/15/2026 | 12 | 9 | 4,500 | 8,150 | $2.19M | $2.04M | $454 | 0.93 | 410 | 26 |
| 116 Cornell | Fullerton | 1922 | 10/08/2026 | 10 | 7 | 3,217 | 6,250 | $2.00M | $1.95M | $606 | 0.98 | 79 | 25 |
| Total: 3 · Average | 8.7 | 6.0 | 3,148.667 | 7,633.333 | $1.93M | $1.93M | $700 | — | 174.66666666666666 | ||||
| Median | 3,217 | $1.95M | $1.95M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.