Marcus & Millichap Sells 35-Unit Knott-Orange Apartments In Anaheim For $9.65 Million

Knott-Orange Apartments is a multifamily property located at 515 South Knott Avenue in Anaheim, California, featuring 35 units spread across an area of 32,325 square feet. The property, encompassing 1.25 acres, has been sold for $9,650,000, translating to a price per unit of $275,714 and a price per square foot of $299.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,650,000
• Units: 35
• Square Feet: 32,325
• Price Per Unit: $275,714
• Price Per Square Foot: $299
• Date of Sale: 10/27/2026
• Market: Anaheim, CA
• Brokers: Nick Kazemi, Tyler Leeson, Matthew Kipp & Drew Holden - Marcus & Millichap

The buyer, a Southern California-based property management company, plans to renovate the unit interiors and make improvements to the property to enhance rental income. The representation for the seller in this transaction was carried out by brokers Nick Kazemi, Tyler Leeson, Matthew Kipp, and Drew Holden from Marcus & Millichap, who also procured the buyer.