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29494985
29494991

1215 S Athena Way, Anaheim, CA 92806

TL
CA CA 01451551
Marcus & Millichap - Orange County
CT
CA 02111248
Marcus & Millichap - Orange County
TL
Marcus & Millichap RE Invest
Listed by Marcus & Millichap - Orange County, Marcus & Millichap RE Invest
$1,850,000
130 days on market
Updated 47 days ago

1215 S Athena Way

Details
APN 25317103
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,345
Net Rentable (SqFt) 4,345
Units 4
Cap Rate 4.45%
NOI $82,272
Pro-Forma Cap Rate 5.31%
Pro-Forma NOI $98,277
Price per SqFt $426
Year Built 1972
Buildings 1
Stories 2
Acreage 0.190
Zoning Assessor
Ownership Fee Simple

Multifamily | 4 Units | $462,500/unit

Marketing description

1215 South Athena Way is 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 units 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.

Investment highlights

DESIRABLE UNIT MIX

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, supporting broad tenant appeal and long-term occupancy stability.

PRIVATE GARAGES WITH IN-UNIT LAUNDRY HOOKUPS

Each unit benefits from private laundry hookups located within its assigned garage, a rare feature for a 4-unit property that significantly enhances tenant convenience and marketability.

RECENT IMPROVEMENTS REDUCE NEAR-TERM EXPENSES

Ownership has completed multiple building-wide improvements, including new dual-pane windows and sliding doors, new garage doors with automatic openers, recently replaced water heaters, and full property fumigation, reducing near-term capital requirements.

WALKABLE ACCESS TO LOCAL SCHOOLS

Situated within walking distance of James Guinn Elementary School and Katella High School, supporting consistent tenant demand from families and long-term renters.

NEAR OCVIBE & POPULAR DESTINATIONS

The property is located approximately 0.5 miles from OCVibe, Anaheim’s emerging 100-acre entertainment and mixed-use district anchored by Angel Stadium and Honda Center.

EXCELLENT REGIONAL CONNECTIVITY

Convenient access to State Route 57, Interstate 5, and ARTIC provides connectivity throughout Orange County and the broader Southern California region.

PROXIMITY TO MAJOR DESTINATIONS

Minutes from Disneyland and Downtown Anaheim, with convenient proximity to Old Towne Orange, offering residents access to major employment centers, dining, retail, and lifestyle amenities.

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Listing Contacts

TL
CA CA 01451551
Marcus & Millichap - Orange County
CT
CA 02111248
Marcus & Millichap - Orange County
TL
Marcus & Millichap RE Invest
Listed by Marcus & Millichap - Orange County, Marcus & Millichap RE Invest

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,272.00
$6,856.00/mo

Valuation Metrics

0
DSCR
4.45%
Cap Rate
4.45%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
Name
Tyler Leeson
License
CA 01451551
Brokerage Phone
7147139086
Name
Christian Tait
License
02111248
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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