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1215 S Athena Way

Anaheim, CA 92806
  • $1,850,000
  • STATUS: Active
  • ON SITE: 102 Days
  • ID#: OC26022232
UPDATED: 58 min ago
$1,850,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Listing Agent(s): Christian Tait of Marcus & Millichap RE Invest (949-419-3200) and Tyler Leeson of ()


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 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T17:37:37.08. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/172594999
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1215 S Athena Way Anaheim, CA 92806

  • Price: $1,850,000
  • Status: Active
  • On Site: 102 Days
  • Updated: 58 min ago
  • ID#: OC26022232
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1972
Built
Neighborhood:
Other
County:
Orange
Area:
78 - Anaheim East of Harbor
Property 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 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.
Exterior Features

Entry Level 1 Entry Location First level Lot Features Street Level Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.45 Common Interest Community Apartment Community Features CurbsGutter(s)Street LightsSidewalks Electric Expense 762 Fuel Expense 763 Garage YN Yes Gross Income 121500 Gross Scheduled Income 121500 Insurance Expense 3603 Land Lease YN No Laundry Features Washer HookupElectric Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Maintenance Expense 4000 Net Operating Income 82272 New Construction YN No New Taxes Expense 21022 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 35583 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 762 Vacancy Allowance 3645 Vacancy Allowance Rate 3 Water Sewer Expense 762 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T17:37:37.08. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
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Hemet CA, 92545
Listing Agent(s): Christian Tait of Marcus & Millichap RE Invest (949-419-3200) and Tyler Leeson of ()