| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 22nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 808 W Anaheim St, Wilmington, CA, 90744, US |
| Region / Metro | Wilmington |
| Year of Construction | 1987 |
| Units | 44 |
| Transaction Date | 2020-03-19 |
| Transaction Price | $7,700,000 |
| Buyer | ROSAIG LLC |
| Seller | REALTY HOLDINGS PSJC LLC |
808 W Anaheim St Wilmington Multifamily Opportunity
Neighborhood occupancy has remained resilient and renter demand is supported by a high-cost ownership market, according to WDSuite s CRE market data. For investors, the area s renter concentration and stable performance signal durable leasing fundamentals rather than swingy volatility.
Wilmington sits within the Los Angeles-Long Beach-Glendale metro an Urban Core setting with everyday amenities in close reach. Amenity density for cafes, groceries, and restaurants ranks competitive among metro peers (each landing above metro medians and in the mid-90s national percentiles), which tends to support resident convenience and retention for workforce-oriented multifamily.
Neighborhood occupancy is strong and competitive among Los Angeles-Long Beach-Glendale neighborhoods, with the neighborhood 27s occupancy rate sitting in the upper tier nationally. The share of housing units that are renter-occupied is in the top quartile among 1,441 metro neighborhoods and very high versus the nation, indicating depth in the tenant base and a broader pool for leasing. These are neighborhood measures, not property-level metrics.
Ownership costs are elevated here relative to incomes (high national percentiles for home values and value-to-income), which typically sustains reliance on multifamily rentals and can bolster pricing power. At the same time, neighborhood rent-to-income sits comparatively lower versus many U.S. areas, which can mitigate affordability pressure and support lease retention.
Within a 3-mile radius, recent years show a modest decline in population alongside an increase in households, and forecasts point to further household growth with smaller average household sizes. For investors, this dynamic implies a steady or expanding renter pool over the medium term, supporting occupancy stability even as demographics evolve. Average school ratings trail metro and national norms, which may temper appeal for family renters, so underwriting should reflect this.
The property 27s 1987 construction is newer than the neighborhood 27s older housing stock. That positioning can be competitive versus mid-century product, while still leaving room for targeted modernization of systems and interiors to capture value-add upside.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood 27s safety profile ranks above the metro median and is top quartile nationally, indicating lower crime levels compared to many U.S. neighborhoods. Year-over-year trends also indicate marked declines in estimated property and violent offense rates. These are area-level indicators and can vary by block; investors should pair this comparative view with on-the-ground diligence.
Proximity to industrial gases, healthcare, consumer products, and beverage employers supports a broad workforce renter base and convenient commutes for residents at this location. The list below highlights nearby employers that anchor demand from Wilmington and adjacent submarkets.
- Air Products & Chemicals industrial gases (3.3 miles)
- Molina Healthcare healthcare services (4.2 miles) HQ
- Airgas industrial gases (9.3 miles)
- Mattel toys & consumer products (11.9 miles) HQ
- Coca-Cola Downey beverages (13.6 miles)
808 W Anaheim St is a 44-unit 1987-vintage asset in Wilmington, positioned against an older Urban Core housing base. The neighborhood shows competitive occupancy and a high share of renter-occupied units, while elevated ownership costs reinforce demand for multifamily. According to CRE market data from WDSuite, amenity density is strong and area-level crime indicators sit in stronger national percentiles, supporting resident retention potential.
Households within a 3-mile radius have been rising even as overall population edges down, with forecasts calling for further household growth and smaller household sizes a setup that tends to support multifamily leasing depth. The property 27s comparatively newer vintage versus local stock, combined with smaller average unit sizes, suggests potential to compete on attainable pricing while targeting selective renovations for rent premiums.
- Competitive neighborhood occupancy and high renter concentration support stable leasing
- Elevated ownership costs in the area sustain multifamily demand and pricing power
- 1987 vintage versus older local stock offers positioning plus value-add modernization potential
- Household growth (3-mile radius) and smaller household sizes point to a deeper renter pool
- Risks: below-average school ratings and limited parks/pharmacy access may temper some household demand