| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 72nd | Best |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4200 E Anaheim St, Long Beach, CA, 90804, US |
| Region / Metro | Long Beach |
| Year of Construction | 2013 |
| Units | 32 |
| Transaction Date | 2015-05-19 |
| Transaction Price | $15,000,000 |
| Buyer | Hunt Enterpises |
| Seller | First Capital Holdings |
4200 E Anaheim St Long Beach 32-Unit Multifamily
Renter demand in the surrounding neighborhood is supported by a high renter-occupied share and a high-cost ownership market, with occupancy trending steady according to WDSuite’s CRE market data. Positioned in Long Beach an urban core submarket the asset benefits from durable tenant depth rather than one-off drivers.
Long Beach s urban core setting provides everyday convenience and lifestyle access attractive to renters. Neighborhood amenities score above national norms (amenities in the top quartile nationally), with particularly strong park availability (parks density in the top percentile nationwide) and a healthy mix of cafés and restaurants. One operational note: pharmacy options are thinner within the immediate neighborhood, which may slightly extend resident errands.
Neighborhood schools average around the middle of the pack versus national peers, suggesting balanced family appeal without being the primary draw. Transit and arterial connectivity through this corridor link residents to employment nodes across Long Beach and the broader Los Angeles-Long Beach-Glendale metro, supporting commute flexibility and leasing depth.
Multifamily fundamentals are a core strength locally. Neighborhood occupancy is in the mid-90s and sits above the metro median among 1,441 neighborhoods, indicating stable absorption and limited chronic vacancy. The renter-occupied share is high (about three-quarters of housing units are renter-occupied), pointing to a deep tenant base and recurring leasing velocity. Median contract rents sit at the higher end nationally, consistent with an urban coastal market.
Within a 3-mile radius, demographics show modest population softening in recent years but growth in household counts and a shift toward higher-income brackets, expanding the potential renter pool. Forecasts indicate further gains in households and incomes through the mid-term, which generally supports occupancy stability and pricing power. Elevated home values in the neighborhood relative to national benchmarks create a high-cost ownership market, reinforcing reliance on multifamily rentals and aiding lease retention.
Safety trends should be evaluated in context. The neighborhood ranks toward the lower end for crime among 1,441 metro neighborhoods and sits below most neighborhoods nationwide, indicating a comparatively higher incidence of reported crime than metro and national averages. Recent year-over-year estimates also point to an uptick in both property and violent offense rates.
For underwriting, investors typically account for this with prudent security measures, leasing practices, and resident engagement. Monitoring citywide and precinct-level initiatives, plus trend direction over the next few reporting cycles, can help clarify whether conditions are stabilizing or improving relative to nearby Long Beach submarkets.
The area draws from a diversified employment base that supports workforce and professional renter demand, with convenient commutes to healthcare administration, industrial gases, and packaging operations noted below.
- Molina Healthcare — healthcare administration (3.5 miles) — HQ
- Air Products & Chemicals — industrial gases (5.5 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (7.0 miles)
- Airgas — industrial gases (7.0 miles)
- Time Warner Business Class — telecom services (7.7 miles)
Built in 2013, the property is newer than the neighborhood s predominantly mid-20th-century stock, offering competitive positioning versus older assets while entering mid-life systems planning. Neighborhood multifamily metrics signal depth: occupancy remains above the metro median and renter-occupied housing is prevalent, which supports ongoing tenant demand. Elevated local home values relative to national benchmarks further sustain reliance on rentals and can aid lease retention.
Within a 3-mile radius, households and income levels have been rising and are projected to continue increasing, pointing to a larger tenant base over the next several years. According to CRE market data from WDSuite, the area’s revenue potential is competitive nationally, while median rents and rent-to-income dynamics call for active renewal management to protect retention and pricing.
- 2013 vintage offers competitive positioning versus older local stock with manageable mid-life capex planning
- Above-metro neighborhood occupancy and high renter-occupied share support leasing stability
- High-cost ownership market reinforces renter reliance and can support pricing power
- 3-mile household and income growth expands the tenant base, aiding demand durability
- Risks: elevated neighborhood crime relative to metro and national levels; rent-to-income pressures require disciplined renewals