About 208 Illinois
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.
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Get your home evaluationFeatures of 208 Illinois
| MLS® # | NP25240630 |
|---|---|
| Price | $1,350,000 |
| Bedrooms | 7 |
| Bathrooms | 5.00 |
| Acres | 0.18 |
| Year Built | 1949 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 208 Illinois |
|---|---|
| Area | 699 - Not Defined |
| City | Anaheim |
| County | Orange |
| Zip Code | 92805 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | None |
| # of Garages | 2 |
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | One, Two |
Exterior
| Lot Description | Near Public Transit |
|---|
Additional Information
| Date Listed | October 15th, 2025 |
|---|---|
| Days on Market | 5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ryan Anderson |
|---|---|
| Office | R L M Equities |
