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
•45d 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 · 5 active · 5 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 145.4% above the median closed sale of $815,000. Price per sqft ($1,984) is a 161% premium to closed comps ($759). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $2.00M· $1,984/sqft
Total list price
Closed comps
vs closed median $815K
+$1.19M (+145.4%)
Active comps
vs active median $750K
+$1.25M (+166.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $753
+$1K (+163.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
298 Paseo Rio BlancoAnaheim1975321,2135,500$906$1.10M13762
421 Adele StreetAnaheim1920211,0407,043$720$749,0001057
726 Emily StreetAnaheim1940211,1315,450$729$825,0004553
5651 Plaza De SantosAnaheim1972219822,000$702$689,500252
935 FairviewAnaheim1954321,0636,469$706$750,0003251
Total: 5 · Average2.41.41,085.85,292.4$752.6$822,50045.2
Median1,063$750,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
848 LemonAnaheim193010/02/2026211,0183,840$799,800$775,000$7610.976955
9912 Pacific AvenueAnaheim195410/05/2026221,1397,347$950,000$935,000$8210.983953
300 Ranchito StreetAnaheim195209/29/2026318967,280$769,000$765,000$8540.9914752
6231 Twin PeakAnaheim198709/18/2026331,4523,400$950,000$940,000$6470.997352
829 KenmoreAnaheim195409/21/2026321,1457,200$799,000$815,000$7121.028250
Total: 5 · Average2.61.81,1305,813.4$846,000$846,000$759—82
Median1,139$815,000$815,000

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.