1215 S Athena Way - Apartments FOR SALE


Anaheim, CA 92806- South Anaheim
$1,850,000 USD
714-713-9086
1215 S Athena Way, Anaheim, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/16
null | 4.45% Cap Rate

1215 S Athena Way
Anaheim, CA 92806
South Anaheim


HIGHLIGHTS

  • The property features a highly marketable mix of one, 2 Bed/1 Bath, two, 2 Bed/2 Bath, and one, 3 Bed/2 Bath units.
  • Each unit benefits from private laundry hookups located within its assigned garage.
  • Ownership has completed multiple building-wide improvements, including new dual-pane windows and sliding doors, and more.
  • Situated within walking distance of James Guinn Elementary School and Katella High School.
  • The property is located approximately 0.5 miles from OCVibe, Anaheim’s emerging 100-acre entertainment and mixed-use district.
  • Convenient access to State Route 57, Interstate 5, and ARTIC provides connectivity throughout the region.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire 1215 South Athena Way, a 4-unit multifamily property located in Anaheim, CA. Built in 1972, the property offers a desirable unit mix, strong parking, and meaningful recent improvements in a well-located Anaheim submarket. The property consists of two and three-bedroom units, each with private outdoor space and individual laundry hookups located within the unit’s assigned garage, a highly sought-after amenity that supports tenant retention and rental demand. Current ownership has completed a full interior renovation of one unit while also investing in multiple property-wide improvements, establishing a clear and proven renovation path for future ownership. The renovated unit highlights the achievable rental and lifestyle upside through modern finishes, while the remaining units provide immediate value-add potential through continued interior upgrades over time. The property is supported by 7 total parking spaces, including three single-car garages, one two-car garage, and two surface spaces, along with recently upgraded windows, garage doors, and major building systems. Combined with its proximity to major employment, entertainment, and transit corridors, 1215 South Athena Way represents a compelling opportunity for both owner-operators and long-term investors seeking a well-maintained Anaheim asset with future upside. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$426 USD /SF

# OF UNITS

4

PRICE/UNIT

$462,500

CAP RATE

4.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RM1200

APN/PARCEL ID

253-171-03

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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