Multifamily
1215 S Athena Way
1215 S Athena Way, Anaheim, CA 92806
Listing Price: $1,850,000
Investment Overview
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.
1215 S Athena Way
Investment 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, supporting broad tenant appeal and long-term occupancy stability.
- 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.
- 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 more.
- Situated within walking distance of James Guinn Elementary School and Katella High School, supporting consistent tenant demand from families and long-term renters.
- 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.
- Convenient access to State Route 57, Interstate 5, and ARTIC provides connectivity throughout Orange County and the broader Southern California region.
- 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.
Exclusively Listed By
Listing Price: $1,850,000
Investment 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, supporting broad tenant appeal and long-term occupancy stability.
- 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.
- 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 more.
- Situated within walking distance of James Guinn Elementary School and Katella High School, supporting consistent tenant demand from families and long-term renters.
- 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.
- Convenient access to State Route 57, Interstate 5, and ARTIC provides connectivity throughout Orange County and the broader Southern California region.
- 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.
Investment Overview
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.
Exclusively Listed By
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