1336 -1336 1/2 Knott Avenue

Anaheim Single Family Residence for sale

OPPORTUNITY DUPLEX -- NO NEW CONVENTIONAL BANK LOAN MAY BE REQUIRED! Rare opportunity to purchase with an existing approximately 2% first mortgage remaining in place, together with potential seller financing. This creative financing structure may allow a qualified buyer to acquire the property without obtaining a costly new market-rate mortgage. This versatile West Anaheim duplex offers an excellent opportunity for an investor, owner-occupant, or multigenerational household. The front unit features 2 bedrooms and 1 bathroom. The rear unit features 1 permitted bedroom and 1 bathroom, plus an additional unpermitted room currently being used as a second bedroom. The rear unit is tenant occupied and currently rents for approximately $2,300 per month. Each residence offers its own fenced front and rear yard, individual air conditioning and heating, and added privacy. Recent improvements reportedly include remodeled kitchens and bathrooms, updated flooring, and fresh paint. The property also features RV parking and an exceptionally large lot, approximately twice the size of many neighboring properties, providing valuable additional outdoor space, parking flexibility, and potential for a variety of uses subject to applicable regulations and approvals. The front residence's backyard also contains a spacious additional room without plumbing. This room was constructed without permits and is being presented as bonus space only. Buyers must independently investigate its condition, permitted status, and allowable use. The property has previously participated in the Anaheim Housing Authority Section 8 program, offering additional rental-income potential. Conveniently located near Knott's Berry Farm, Disneyland, Huntington Beach, Long Beach, shopping, dining, freeways, and other major Southern California amenities. A unique opportunity combining two-unit living, existing rental income, an oversized lot, RV parking, privacy, flexibility, and exceptionally attractive financing. Financing is subject to seller approval, proof of funds, review of existing loan documents, mutually acceptable terms, and appropriate legal documentation. Buyer and buyer's agent must independently verify permits, allowable uses, unit configuration, square footage, lot size, bedroom and bathroom counts, rental information, tenancy terms, housing-program eligibility, financing terms, and all property improvements. Any unpermitted rooms or improvements are not represented as legal bedrooms, dwelling units, or rentable living space.

3 beds · 2 baths · 1,486 sq ft