32-Unit Apartment
For Sale
$8,750,000
119 S Fahrion Place, Anaheim, CA 92805
Four contiguous two-story buildings offer one-bedroom homes, surface parking, and shared laundry facilities.
Property Size16,160 SF
Days on Market57
Property Features for 119 S Fahrion Place
General Information
Standard status
Active
Size
16,160 SF
Total Parking Spaces
32
Property subtype
Apartment
Units
Unit Mix
32 x 1BR/1BA
Multifamily Units
32
Parking per Unit
1
Amenities
on-site laundry
in-unit washer/dryer hookups
Building Details
Building Size
16,160 SF
Year Built
1959
Buildings
4
Stories
2
Listing Agency:
Kirklen Investment Group
Listed By:
Jason Kirklen · License #01939655
Source:
Velocityrealtysd
Added: Jun 10
Changed: Aug 4
Last Checked: Aug 5 at 5:02AM
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
Investment Insights
Based on property information with market context.
Located at 119 S Fahrion Place in Anaheim, California, this apartment property contains 32 one-bedroom, one-bathroom residences across four contiguous buildings. Constructed in 1959, the two-story improvements feature pitched roofs and a straightforward residential configuration suited to efficient apartment operations. Each residence also includes existing washer and dryer hookups, providing a basis for future in-unit laundry implementation.
The property provides 32 open surface parking spaces, corresponding to one space per residence, with additional street parking in the surrounding lower-density neighborhood. On-site laundry facilities serve current residents and provide an additional operating feature. The consistent unit layout, dedicated parking, shared laundry, and existing hookups create a practical physical platform for continued ownership and future improvements.
The property provides 32 open surface parking spaces, corresponding to one space per residence, with additional street parking in the surrounding lower-density neighborhood. On-site laundry facilities serve current residents and provide an additional operating feature. The consistent unit layout, dedicated parking, shared laundry, and existing hookups create a practical physical platform for continued ownership and future improvements.
Key Highlights
- 32 one‑bedroom, one‑bathroom apartment units
- Four contiguous 8‑unit buildings
- 32 open surface parking spaces, or one per unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $484.8k | $30.00 |
| − Vacancy | −$26.7k | −$1.65 |
| EGI | $458.1k | $28.35 |
| − OpEx | −$206.2k | −$12.76 |
| NOI | $252.0k | $15.59 |
16,160 SF · lease $30.00/SF/yr · vacancy 5.50% · expense 45.00%
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.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four contiguous two-story buildings offer one-bedroom homes, surface parking, and shared laundry facilities.
Where is this apartment building located?
The property is located at 119 S Fahrion Place 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 one‑bedroom, one‑bathroom apartment units; Four contiguous 8‑unit buildings; 32 open surface parking spaces, or one per unit
