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119-135 S Fahrion Pl

$8,750,000

119-135 S Fahrion Pl, Anaheim, CA 92805

Active
Last Updated: 06/11/2026

16,160 sqft

Building Size

0.73 acres

Lot Area

Details:
Building Size:    16,160 sqft
Lot Area:    0.73 acres
Units:    32
Year Built:    1959
Floors:    2
Highlights:
  • Four Contiguous 8-Unit Apartment Buildings Require No On-Site Manager and Shared Common Courtyards
  • 31% Rental Upside By Installing In-Unit Washer/Dryers and Further Upside Can Be Captured by Implementing a RUBS program
  • Well-Located with Proximity to 91, 57 and 5 Freeways Allow Easy Access to the Greater Orange County Area
  • Separately Metered for Gas & Electricity
  • Multiple On-Site Laundry Rooms for Tenant Convenience
  • Recent Exterior Building and Landscaping Improvements
Description:

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.

Anaheim is a city in Orange County, California, part of the Los Angeles metropolitan area. As of the 2010 United States Census, the city had a population of 336,265, making it the most populous city in Orange County and the 10th-most populous city in California. Anaheim is the second-largest city in Orange County in terms of land area and is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two major sports teams: the Anaheim Ducks ice hockey club and the Los Angeles Angels baseball team.

Anaheim’s city limits extend from Cypress in the west to the Riverside County line in the east and encompass a diverse collection of neighborhoods and communities. Anaheim Hills is a master-planned community located in the city’s eastern stretches that is home to many of the city’s affluent. Downtown Anaheim has three mixed- use historic districts, the largest of which is the Anaheim Colony. The Anaheim Resort, a commercial district, includes the Disneyland Resort, with its two theme parks, multiple hotels, and retail district, and numerous hotels and retail complexes.

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