119 S Fahrion Place Overview
- Time on Site:
- 19 days
- Visits:
- 0
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.
119 S Fahrion Place Facts & Features
- Type Multi-Family
- Sq. ft. 16,160
- Price/Sq.ft. $541
- Lot 0.73 Acres
Details
General
Association/HOA
- Common Interest: Community Apartment
Income/Expenses
- Electric Expense: 2231.0
- Fuel Expense: 1577.0
- Gardener Expense: 4476.0
- Gross Income: 676051.0
- Gross Scheduled Income: 696960.0
- Insurance Expense: 33800.0
- Maintenance Expense: 22432.0
- Net Operating Income: 457523.0
- New Taxes Expense: 108240.0
- Operating Expense: 218528.0
- Water Sewer Expense: 8521.0
Building Information
- New Construction: No
- Year Built: 1959
Location/Region
- Country: US
- County Or Parish: Orange
- MLS Area Major: 699 - Not Defined
- Postal City: ANAHEIM
Community/Development
- Community Features: Curbs,Gutter(s),Storm Drain(s),Sidewalks
Rent/Lease Information
- Land Lease: No
- Tenant Pays: Electricity,Gas,Trash Collection
General Information
- Listing Terms: Cash,Cash to New Loan,1031 Exchange
- Parcel Number: 03717315
- Property Sub Type: Apartment
- Property Type: Residential Income
- Rent Control: No
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage: No
Building Interior
- Building Area Total: 16160.0
- Building Area Units: Square Feet
General Information
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: courtyard
- Fireplace Features: None
- Fireplace: No
- Laundry Features: Common Area
- Stories Total: 2
Exterior
Parking Information
- Open Parking Spaces: 32.0
- Parking Total: 32.0
Lot Information
- Additional Parcels Description: 03717316, 03717317, 13717318
- Additional Parcels: Yes
- Lot Features: 6-10 Units/Acre
- Lot Size Acres: 0.73
- Lot Size Area: 31799.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 31799.0
- Lot Size Units: Square Feet
- Number Of Buildings: 4
- Number Of Separate Electric Meters: 36
- Number Of Separate Gas Meters: 36
- Number Of Separate Water Meters: 4
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: Yes
General Information
- Number Of Units Total: 32
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
119 S Fahrion Place Neighborhood
Community
92805 (ANAHEIM) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.119 S Fahrion Place Monthly Cost
119 S Fahrion Place Market Data
Based on the last 30 days in this zip code
119 S Fahrion Place History
| Date | Value | Agent |
|---|---|---|
| 6/10/2026Source: CRMLS | June 10, 2026 |
Contact Information: [email protected] - 949-942-1300