32-Unit Apartment
For Sale
$8,750,000
119-135 S Fahrion Pl, Anaheim, CA 92805
32 one-bedroom, one-bath units across four contiguous two-story buildings with on-site laundry and parking.
Property Size16,160 SF
Days on Market132
Property Features for 119-135 S Fahrion Pl
General Information
Standard status
Active
Size
16,160 SF
Total Parking Spaces
32
Property subtype
Multi-Family
Additional Details
Multifamily Units
32
Amenities
on-site laundry facilities
washer and dryer hookups in each unit
Building Details
Building Size
16,160 SF
Year Built
1959
Stories
2
Units
32
Listing Agency:
Kirklen Investment Group
Listed By:
Jason Kirklen · License #CA 01939655
Source:
Commercialcafe
Added: Jun 23
Changed: Oct 25
Last Checked: Oct 30 at 10:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kirklen Investment Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Courtyard Apartments is a 32-unit apartment property comprised of four separate, but contiguous, two-story 8-unit buildings. Built in 1959, the buildings feature pitched roofs and offer a consistent unit mix of all one-bedroom, one-bathroom apartments.
The property includes 32 open surface parking spaces, providing one parking space per unit, along with additional street parking in the surrounding lower-density neighborhood. An on-site laundry facility is also available for residents. In addition, each unit includes existing washer and dryer hookups, which may support future in-unit laundry options.
Designed with a functional layout and straightforward configuration, the asset combines uniform apartment features with practical resident services and parking capacity suitable for multifamily ownership.
The property includes 32 open surface parking spaces, providing one parking space per unit, along with additional street parking in the surrounding lower-density neighborhood. An on-site laundry facility is also available for residents. In addition, each unit includes existing washer and dryer hookups, which may support future in-unit laundry options.
Designed with a functional layout and straightforward configuration, the asset combines uniform apartment features with practical resident services and parking capacity suitable for multifamily ownership.
Key Highlights
- 32‑unit apartment property built in 1959 with all one‑bedroom, one‑bath unit mix
- Four separate, but contiguous 8‑unit buildings make up the 32‑unit Courtyard Apartments
- Two‑story buildings with pitched roofs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,975
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,039,500
$5.0M
Cap Rate 7%
$3,599,643
$3.6M
Cap Rate 9%
$2,799,722
$2.8M
Market Conditions
NOI Build-Up for 16,160 SF
Gross rent
$484.8K $30.00/SF
− Vacancy
−$26.7K −$1.65/SF
EGI
$458.1K $28.35/SF
− OpEx
−$206.2K −$12.76/SF
NOI
$252.0K $15.59/SF
Area
ZIP 92805
Vacancy
5.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,039,500
Cap Rate 7%
$3,599,643
Cap Rate 9%
$2,799,722
Alternative Uses
Best Use
Apartment 5plus
$3.60M
$3.15M – $4.20M
NOI $251,975 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.94M
$4.32M – $5.76M
NOI $345,488 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 92805, CA
74,633
Population
23,195
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
71%
High-School Grad
6.2 sq mi
ZIP Area
12,038
Density / Sq Mi
$85,623
Median Household Income
$38,180
Median Earnings
$2,045
Median Rent
$667,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 32 one-bedroom, one-bath units across four contiguous two-story buildings with on-site laundry and parking.
Where is this apartment building located?
The property is located at 119-135 S Fahrion Pl Anaheim, CA.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: 32‑unit apartment property built in 1959 with all one‑bedroom, one‑bath unit mix; Four separate, but contiguous 8‑unit buildings make up the 32‑unit Courtyard Apartments; Two‑story buildings with pitched roofs
