| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 14th | Poor |
| Amenities | 35th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 329 E Anaheim St, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 2007 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
329 E Anaheim St, Wilmington CA Multifamily Opportunity
Built in 2007, this 21‑unit asset is positioned in a renter-heavy pocket where neighborhood occupancy trends are steady, according to WDSuite’s CRE market data. Expect durable demand drivers with room for value-add through modernization and tenant experience improvements.
The property sits within the Los Angeles-Long Beach-Glendale metro and serves workforce renters drawn to port, logistics, and service employment nodes. Neighborhood occupancy is approximately 95% (neighborhood-level, not property-specific), and the area’s renter-occupied share is high by national comparison, signaling depth in the tenant base for multifamily owners.
At the neighborhood level, restaurants and groceries track above national averages (roughly mid‑60s to mid‑70s national percentiles), while cafes and pharmacies are limited. For investors, this creates practical day‑to‑day convenience without relying on lifestyle retail as a primary draw. Amenity access within the metro is not a top performer (ranked 1,039 among 1,441 Los Angeles metro neighborhoods), but core needs are met and supported by nearby employment centers.
Home values in the immediate area skew high versus the nation (85th percentile), and the value‑to‑income ratio ranks among the highest nationally (99th percentile). In practice, this high‑cost ownership context tends to reinforce reliance on rental housing and can support pricing power, though operators should balance this with lease management to mitigate retention risk as rent burdens rise. Median contract rents at the neighborhood scale have risen over the past five years, aligning with sustained renter demand.
The asset’s 2007 vintage is newer than the neighborhood’s older housing stock (average vintage 1958). That relative youth can enhance competitive positioning versus older comparables, with selective upgrades focused on interiors, building systems, and curb appeal likely to drive value‑add potential and support leasing velocity.
Demographic statistics are aggregated within a 3‑mile radius: over the last five years, households increased even as population edged down, indicating smaller average household sizes and a more distributed renter pool. Looking ahead, forecasts point to further growth in total households by 2028 alongside a modest decline in population, which can expand the number of renting households and support occupancy stability for well‑managed properties.
Safety indicators are mixed when viewed against national and metro benchmarks. Overall crime performance aligns near the national middle (about the 53rd percentile nationally), which is competitive among many Los Angeles neighborhoods (ranked 754 out of 1,441 in the metro). Property offenses run higher than national norms, but recent year‑over‑year estimates indicate notable improvement. Violent‑offense measures also show improvement versus the prior year, suggesting momentum in the right direction.
For investors, this implies standard operational vigilance: reinforce lighting and access controls, maintain active engagement with local resources, and underwrite to security and insurance line items consistent with submarket norms. Monitoring ongoing trend data can help calibrate expense assumptions as conditions evolve.
Nearby employers provide a diversified employment base that underpins renter demand and supports retention through commute convenience. Key nodes include healthcare administration, industrial gases, consumer products, and telecommunications.
- Air Products & Chemicals — industrial gases (2.8 miles)
- Molina Healthcare — healthcare administration (3.5 miles) — HQ
- Airgas — industrial gases (8.8 miles)
- Mattel — consumer products/toys (12.3 miles) — HQ
- Time Warner Business Class — telecommunications (12.9 miles)
329 E Anaheim St offers a 21‑unit, 2007‑built community in a renter‑heavy Wilmington location where neighborhood occupancy remains steady and day‑to‑day amenities are adequate for workforce households. The asset’s newer vintage versus the area’s older stock supports competitive positioning, with targeted renovations likely to translate into leasing velocity and durable cash flow. According to CRE market data from WDSuite, the neighborhood shows high renter concentration and sustained rent growth at the area level, while elevated ownership costs locally continue to reinforce reliance on multifamily housing.
Demographics within a 3‑mile radius indicate rising household counts despite modest population contraction, implying smaller household sizes and a broader renter pool over time. Operators should underwrite to strong tenant demand and potential pricing power, balanced against rent‑to‑income pressures and normalizing expenses for security and insurance.
- Newer 2007 construction relative to local stock supports competitive positioning and targeted value‑add.
- High renter concentration and steady neighborhood occupancy support demand stability.
- Elevated ownership costs in the area reinforce reliance on rentals, aiding pricing power.
- 3‑mile trends show growing household counts, indicating a broader tenant base over time.
- Risks: affordability pressure (rent‑to‑income), mixed safety metrics, and amenity depth below top metro tiers.