| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 33rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 E La Palma Ave, Anaheim, CA, 92805, US |
| Region / Metro | Anaheim |
| Year of Construction | 1973 |
| Units | 74 |
| Transaction Date | 1993-10-01 |
| Transaction Price | $3,241,451 |
| Buyer | STATE STREET BANK AND TRUST COMPANY |
| Seller | CHICAGO TITLE COMPANY |
1000 E La Palma Ave Anaheim Multifamily Opportunity
Neighborhood occupancy around the mid-90s suggests steady leasing performance for stabilized assets, according to CRE market data from WDSuite; note this reflects the surrounding neighborhood, not the property.
Neighborhood context and livability
Positioned in Anaheim’s Urban Core, the property sits in a renter-centric neighborhood where the share of housing units that are renter-occupied is high (competitive among 516 metro neighborhoods). That depth of renter concentration supports demand stability for multifamily investors. According to WDSuite’s CRE market data, neighborhood occupancy trends in the upper tier nationally, which can aid renewal capture and reduce downtime across cycles.
Daily needs are well-supported: grocery and park access both benchmark in the top percentiles nationwide, while cafes and pharmacies are comparatively limited. For investors, this mix favors practical livability and broad household appeal even if coffee-shop density is modest. Median contract rents in the neighborhood sit on the higher side of the national distribution, consistent with Orange County pricing power.
Within a 3-mile radius, demographics indicate a stable population and an increase in households over the last five years, pointing to smaller average household sizes and a gradually expanding tenant base. Forward views in the same radius show further gains in household count and incomes, which typically support occupancy stability and rent management for well-positioned assets.
The ownership landscape is a high-cost ownership market (home values rank in the upper national percentiles). Elevated ownership costs tend to reinforce renter reliance on multifamily housing and can support lease retention. Neighborhood rent-to-income ratios sit in a manageable range locally, which can moderate affordability pressure and aid collections. Built in 1973, the asset is newer than the neighborhood’s average vintage and may be relatively competitive versus older stock, though targeted modernization of systems and finishes can still unlock value-add upside.
Safety context
Based on WDSuite’s CRE market data, the neighborhood’s safety profile trends below the national middle (national percentile in the lower third). Within the Anaheim-Santa Ana-Irvine metro, the neighborhood ranks 413 out of 516, indicating investors should underwrite prudent security measures and asset-level operations.
Property-related offenses are closer to the national middle, while violent offense indicators are weaker and have shown a recent uptick. For underwriting, this typically argues for attention to lighting, access control, and resident engagement, comparing loss runs and premiums against regional peers rather than block-level assumptions.
The surrounding employment base mixes aerospace/industrial, packaging, technology/printing, auto parts distribution, and financial services, supporting a broad commuter renter pool and lease retention for workforce-oriented units. Nearby anchors include United Technologies, INTERNATIONAL PAPER Cypress Retail Packaging, Xerox, LKQ, and First American Financial.
- United Technologies — aerospace/industrial offices (5.2 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (7.3 miles)
- Xerox — technology/printing (8.0 miles)
- LKQ — auto parts distribution (8.8 miles)
- First American Financial — financial services (10.4 miles) — HQ
This 74-unit, 1973-vintage property aligns with a neighborhood that exhibits strong renter concentration and above-median occupancy, supporting income durability relative to many U.S. locations. High grocery and park access bolster livability, while a high-cost ownership market in Orange County sustains reliance on rentals and can aid retention. According to CRE market data from WDSuite, neighborhood NOI per unit benchmarks above national medians, consistent with the local rent and occupancy profile.
Demographic indicators within a 3-mile radius show a steady population with growth in households and higher-income segments, expanding the potential renter pool over the medium term. As a slightly newer-than-average asset for the area, the property can remain competitive versus older stock, and targeted renovations may capture value-add upside. Risks to underwrite include below-average safety metrics and a thinner cafe/pharmacy amenity set, emphasizing the importance of operational execution and unit-level finishes.
- Renter-heavy neighborhood and upper-tier occupancy support stable leasing and renewals.
- High grocery and park access enhance day-to-day livability for a broad tenant base.
- 1973 vintage offers relative competitiveness versus older stock with value-add potential via modernization.
- High-cost ownership market reinforces multifamily demand and can aid rent retention.
- Risks: below-average safety metrics and limited cafe/pharmacy density require stronger on-site operations and amenity strategy.