1215 South Athena Way
Anaheim, CA 92806
Property Overview
Property Facts
- Price $1,850,000
- Units 4
- Price Per Unit $462,500
- Building Size (SF) 4,345
- Current CAP Rate 4.45%
- Lot Size (AC) 0.19
- Current GIM 15.23
- Year Built 1972
- APN 253-171-03
- Property Type Multifamily
The Offering
The Leeson Group of 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.
