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.
Listed by Jason Kirklen
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License #01939655
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Kirklen Investment Group
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949-942-1302
Last updated June 11, 2026
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Source: CRMLS #OC26126398
Listing Facts
TypeMulti-family
NeighborhoodThe Colony
Days on Prevu6
Amenities
Parking
Location
Mortgage Calculator
Listing History
06/10/2026
Listed by Kirklen Investment Group
$8,750,000
Property Details for 119 S Fahrion Place
Association
Amenities
Community Features: Curbs, Gutter(s), Storm Drain(s), Sidewalks
Exterior
Construction
Number Of Units Total: 32
Property Attached: Yes
Stories Total: 2
Year Built: 1959
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: courtyard
Measurements
Building Area Total: 16,160
Building Area Units: Square Feet
Lot Features: 6-10 Units/Acre
Lot Size Acres: 0.73
Lot Size Area: 31,799
Lot Size Source: Assessor
Lot Size Square Feet: 31,799
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.23
Gross Income: $676,051.00
Operating Expense: $218,528.00
Taxes
Parcel Number: 03717315
Other
Location
Tax Lot: 5
Parking
Parking
Open Parking Spaces: 32
Parking Total: 32
Utilities
Equipment
Heating: Forced Air
Has Heating: Yes
Laundry Features: Common Area
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 119 S Fahrion Place.
Does this multi-family home have parking?
Yes, there are 32 parking spaces available for 119 S Fahrion Place.
How does 119 S Fahrion Place compare to other multi-family homes in The Colony?
This multi-family home is listed 404% above the average price for multi-family homes in The Colony and has been on the market for 89 less days than the typical home in this area.
119 S Fahrion Place is a -bedroom multi-family home for sale in Anaheim CA 92805. On Prevu for 6 days at $8,750,000. This residence is located in The Colony. The median listing price for multi-family homes in this area is $1,299,000. Additional amenities include parking. Browse more multi-family home listings in Anaheim.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.