| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 56th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1511 Anaheim St, Harbor City, CA, 90710, US |
| Region / Metro | Harbor City |
| Year of Construction | 1972 |
| Units | 56 |
| Transaction Date | 2004-06-11 |
| Transaction Price | $1,339,000 |
| Buyer | ANAHEIM GARDENS HOUSING LLC |
| Seller | ANAHEIM GARDENS CORP |
1511 Anaheim St Harbor City Multifamily Investment
Neighborhood fundamentals point to steady renter demand and resilient occupancy, according to WDSuite’s CRE market data. With a sizable renter base and strong local incomes, this asset screens as a practical hold with value-add potential.
Rated B and categorized as Urban Core, the neighborhood ranks 687 out of 1,441 Los Angeles metro neighborhoods — above the metro median. Amenity access is mixed: restaurants and groceries perform in the top quartile nationally, while cafes, parks, and pharmacies are limited, suggesting daily needs are covered but lifestyle retail is thinner nearby. Average school ratings sit modestly above national midline, which can support family-oriented renter retention.
Multifamily indicators are constructive. Neighborhood occupancy trends are competitive nationally (around the 73rd percentile), and median contract rents benchmark above most U.S. neighborhoods. Average NOI per unit also places solidly above national midline, reinforcing income stability in the submarket based on CRE market data from WDSuite.
Tenure dynamics show a renter-occupied share around 52.7%, indicating a sizable renter concentration and a deeper tenant base for leasing and renewals. Elevated home values (top decile nationally) and a high value-to-income ratio suggest a high-cost ownership market that tends to sustain reliance on rentals and can support pricing power, while the neighborhood’s rent-to-income levels indicate manageable affordability pressure from an investor’s lease management perspective.
The property’s 1972 vintage is modestly older than the neighborhood’s average construction year (1978), which points to practical value-add and systems modernization opportunities to sharpen competitive positioning versus newer stock. Within a 3-mile radius, recent population has softened slightly while household counts edged higher and are projected to grow further as average household size declines — dynamics that can expand the renter pool even as headcount trends level. Forecasts also point to higher median contract rents over the next five years, supporting a constructive revenue outlook if renovations align with local price sensitivity.
Safety indicators are mixed and should be underwritten with care. The neighborhood’s crime rank is 965 out of 1,441 Los Angeles metro neighborhoods, which is below the metro average. Nationally, property offenses benchmark in lower percentiles, while violent offenses sit below national midline but have improved meaningfully year over year.
Trend-wise, the estimated violent offense rate shows a strong one-year decline (top quartile nationally), suggesting recent momentum in the right direction. Investors should focus on property-level security design, lighting, and partnership with responsive management to support resident experience relative to nearby submarkets.
Proximity to diversified employers supports a steady commuter renter base, with industrial gases, healthcare administration, consumer products, and airline operations within practical drive times. These employment nodes can aid leasing velocity and retention.
- Air Products & Chemicals — industrial gases (4.5 miles)
- Molina Healthcare — healthcare administration (6.0 miles) — HQ
- Airgas — industrial gases (10.2 miles)
- Mattel — toy manufacturing (10.6 miles) — HQ
- Southwest Airlines Counter — airline operations (12.6 miles)
1511 Anaheim St offers scale at 56 units with neighborhood metrics that favor durable renter demand. Occupancy and NOI per unit sit above national midlines, and elevated ownership costs in the area tend to reinforce multifamily reliance. Built in 1972, the asset is slightly older than nearby stock, creating a straightforward value-add path through interior upgrades and selective building systems work to compete against newer assets.
Within a 3-mile radius, household counts have edged up and are projected to rise further as average household size declines, pointing to a larger tenant base even as population growth moderates. Expected rent gains over the next five years, referenced in WDSuite’s commercial real estate analysis, support a measured case for revenue growth if renovations align with local affordability and unit mix.
- Occupancy and NOI per unit trend above national midlines, supporting income stability.
- High-cost ownership market sustains renter reliance and pricing power potential.
- 1972 vintage enables value-add via interiors and targeted systems upgrades.
- 3-mile household growth and smaller household sizes expand the renter pool.
- Risk: Safety metrics lag metro averages; plan for security and active management.