208 S Illinois, Anaheim, CA 92805

About this property

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.

Listing description from the November 2025 sale, as reported to CRMLS.

Sale history

$1,135,000

Sold November 2025 · listed $1,350,000, on market October 2025 · MLS #NP25240630 · Source: CRMLS

Listing Agent: Ryan Anderson · Listing Office: R L M Equities · Contact: 949-290-0199 · Bought with: Randall Mycorn · R L M Equities

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