1336 S Knott Avenue, Anaheim, CA 92804

Property Description

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 structure could allow a qualified buyer to acquire the property without obtaining a costly new market-rate mortgage. This versatile West Anaheim two-unit property offers excellent flexibility for an investor, owner-occupant or multigenerational household. Each residence features its own fenced front and rear yard, individual air conditioning and heating. Recent improvements reportedly include remodeled kitchens and bathrooms, updated flooring and fresh paint. The front residence's backyard also contains a spacious additional room without plumbing. The room was constructed without permits and is being presented as bonus space only; buyers must investigate its condition, permitted status and allowable use. The property has previously participated in the Anaheim Housing Authority Section 8 program, offering attractive rental-income potential. Conveniently located near Knott's Berry Farm, Disneyland, Huntington Beach, Long Beach, shopping, dining and other major Southern California amenities. A unique opportunity combining privacy, flexibility, income potential 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, bedroom and bathroom counts, rental information, housing-program eligibility, financing terms and all property improvements. The additional backyard room is unpermitted and is not represented as a legal bedroom, dwelling unit or rentable living space.