119-135 S Fahrion Pl - Apartments FOR SALE


Anaheim, CA 92805- South Anaheim
$8,750,000 USD
949-942-1302
119-135 S Fahrion Pl, Anaheim, CA for Sale
$8,750,000 USD
Apartments - FOR SALE
1/8
null | 5.23% Cap Rate

119-135 S Fahrion Pl
Anaheim, CA 92805
South Anaheim


OVERVIEW

The Courtyard Apartments is a 32-unit apartment property offering a rare opportunity to acquire a sizeable multifamily asset comprised of four separate, but contiguous 8-unit buildings. Built in 1959, the property features a clean and efficient unit mix of all one-bedroom, one-bathroom units, making it well-positioned to serve a broad renter base seeking functional and affordable apartment living. The two-story buildings are improved with pitched roofs, providing both architectural character and long-term ownership appeal. The property also benefits from 32 open surface parking spaces, offering one parking space per units, in addition to ample street parking due to the surrounding lower-density neighborhood. This parking availability is a meaningful advantage for residents and enhances the overall tenant experience. A key operational feature of The Courtyard Apartments is the existing on-site laundry facilities, which provides residents with added convenience while creating an additional income stream for ownership. Further upside exists through the existing washer and dryer hookups already located inside each unit, allowing a new owner the potential to implement in-unit laundry options over time to further enhance tenant appeal and support future rent growth. With its desirable all one-bedroom unit mix, four contiguous 8-unit buildings, ample parking, pitched roofs, on-site laundry, and additional operational upside through existing in-unit washer and dryer hookups, The Courtyard Apartments represents a compelling investment opportunity with strong fundamentals and meaningful value-add potential.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$547 USD /SF

# OF UNITS

32

PRICE/UNIT

$273,438

CAP RATE

5.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

R3, Anaheim

APN/PARCEL ID

037-173-15,037-173-16,037-173-17,037-173-18

ASK ABOUT THIS PROPERTY

Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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Jason KirklenKirklen Investment GroupMore Info
949-942-1302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.