| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 55th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 118 N Claudina St, Anaheim, CA, 92805, US |
| Region / Metro | Anaheim |
| Year of Construction | 1978 |
| Units | 100 |
| Transaction Date | 2014-02-04 |
| Transaction Price | $17,687,000 |
| Buyer | VILLAGE CENTER PRESERVATION LIMITED PART |
| Seller | VILLAGE CENTER APARTMENTS LP |
118 N Claudina St, Anaheim Multifamily Investment
Strong renter demand and high neighborhood occupancy point to durable income potential, according to WDSuite’s CRE market data.
Situated in Anaheim’s Urban Core, the property benefits from a neighborhood rated A and competitive among the 516 metro neighborhoods, with dense retail and daily-needs access supporting renter retention. Restaurant, grocery, park, and pharmacy density rank in the upper percentiles nationally, giving residents walkable convenience that helps stabilize leasing.
Neighborhood occupancy is elevated (measured for the neighborhood, not this property) and sits in the 94th percentile nationally, while renter-occupied housing share is also high (97th percentile), indicating a deep tenant base. Median contract rents in the area are above national norms, yet the rent-to-income ratio benchmarks lower than many U.S. neighborhoods, which can aid renewal rates and reduce turnover risk for operators.
Within a 3-mile radius, population and households have expanded over the last five years, with projections pointing to further household growth and smaller average household sizes. For multifamily investors, that combination typically supports a larger tenant base and steady absorption of well-located units. Home values in the neighborhood are high relative to the nation (90th percentile), which reinforces reliance on multifamily rentals and supports pricing power where unit quality and management execution are strong.
Construction in the immediate area skews newer than this asset’s 1978 vintage (neighborhood average construction year is 1991). That age gap suggests value-add potential through selective renovations, systems upgrades, and common-area modernization to remain competitive against more recently built stock.
Safety indicators for the neighborhood are mixed compared with national benchmarks. Overall crime levels sit below the national median (42nd percentile), and violent offense measures rank lower nationally (23rd percentile), signaling a need for standard security and property management best practices. Within the metro context, the neighborhood places 325 out of 516, indicating it trails the metro median on safety.
Trend-wise, estimated property offense rates have declined year over year, with improvement consistent with higher-performing areas nationally (70th percentile for the pace of reduction). Investors may want to account for lighting, access control, and resident engagement strategies as part of ongoing operations, while noting the directional improvement.
Nearby corporate offices provide a broad employment base and convenient commutes that can support leasing stability, including United Technologies, International Paper, Xerox, Time Warner Business Class, and First American Financial.
- United Technologies — corporate offices (6.0 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — corporate offices (6.8 miles)
- Xerox — corporate offices (7.5 miles)
- Time Warner Business Class — corporate offices (8.8 miles)
- First American Financial — corporate offices (9.8 miles) — HQ
This 100-unit, 1978-vintage asset sits within an A-rated Anaheim neighborhood characterized by dense amenities, above-average neighborhood occupancy, and a high share of renter-occupied housing units. According to commercial real estate analysis from WDSuite, these fundamentals generally support durable cash flow, with high-cost ownership in the area further reinforcing multifamily demand. The property’s older vintage versus the neighborhood average (1991) presents a clear path for value-add via interior updates and building systems upgrades to remain competitive with newer stock.
Within a 3-mile radius, recent and projected household growth alongside smaller average household sizes suggests an expanding renter pool. Elevated amenity access and commute convenience to a diversified set of corporate offices should continue to underpin leasing, while prudent capital planning can address age-related needs and support long-term positioning.
- High neighborhood occupancy and deep renter base support revenue stability
- Amenity-dense Urban Core location aids retention and leasing velocity
- Value-add upside from 1978 vintage versus newer neighborhood stock
- Proximity to multiple corporate offices underpins demand and renewals
- Risks: older systems and below-national safety benchmarks require ongoing investment and operational focus