| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 53rd | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 122 S Ohio St, Anaheim, CA, 92805, US |
| Region / Metro | Anaheim |
| Year of Construction | 1976 |
| Units | 20 |
| Transaction Date | 2019-04-08 |
| Transaction Price | $6,475,000 |
| Buyer | AUSPICIOUS PROPERTY LLC |
| Seller | OHIO 2018 LLC |
122 S Ohio St, Anaheim Multifamily Investment
Neighborhood renter concentration and solid occupancy point to durable demand, while high-cost ownership in Orange County supports retention, according to WDSuite s CRE market data.
Livability and demand drivers
The property sits in Anaheim s Urban Core, where the neighborhood ranks above the metro median for housing performance (233rd among 516 neighborhoods) and shows NOI per unit competitive with many U.S. areas (nationally in the high 70s percentile), based on CRE market data from WDSuite. Neighborhood multifamily occupancy is strong and above the national median, supporting income stability for well-managed assets.
Renter-occupied housing comprises a majority of neighborhood units (58% renter concentration; 96th of 516 locally and high-90s percentile nationally), indicating a deep tenant base for multifamily. At the same time, neighborhood rents benchmark in the low 90s percentile nationally, signaling pricing power for quality product but requiring close attention to affordability and lease management.
Everyday amenities are within reach: restaurant and cafe density score in the upper national percentiles (around 90th and mid-90s, respectively), and grocery access trends above the national median. However, park and pharmacy density register at the low end locally, which may modestly weigh on livability perceptions and should be considered in positioning.
Home values in the neighborhood sit in the low 90s percentile nationally and the value-to-income ratio is among the highest nationwide, a hallmark of a high-cost ownership market. For multifamily investors, this landscape tends to reinforce rental reliance and can support retention for well-located properties.
Demographics within 3 miles
Within a 3-mile radius, households have grown modestly over the past five years with population essentially flat, pointing to smaller household sizes and gradual renter pool expansion. Forward guidance indicates continued household growth alongside higher projected incomes, which can support rent collections and occupancy for professionally operated assets.
The property s 1976 vintage is slightly newer than the neighborhood s average construction year (1969). Investors should expect typical mid-1970s systems and finishes; targeted modernization can enhance competitiveness against newer stock while planning for routine capital items.
Safety context
Neighborhood safety indicators are roughly around the national middle based on overall crime percentiles, according to WDSuite s CRE market data. Recent trends are constructive: estimated violent offense rates improved year over year, and property crime shows a notable one-year decline, suggesting momentum in the right direction rather than a structural shift.
Within the Anaheim Santa Ana Irvine metro, the neighborhood is competitive but not top tier on safety. For investors, this typically favors durable occupancy for workforce-oriented assets, while prudent security measures and good site lighting can support tenant retention and operational performance.
Proximity to regional employers supports commute convenience and renter demand, notably across packaging, aerospace and industrial offices, technology services, telecom, and financial services.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (6.1 miles)
- United Technologies — aerospace and industrial offices (6.6 miles)
- Xerox — technology and services (7.6 miles)
- Time Warner Business Class — telecom services (8.3 miles)
- First American Financial — financial services (9.7 miles) — HQ
122 S Ohio St offers a 20-unit, mid-1970s asset positioned in a renter-heavy Anaheim neighborhood where occupancy trends sit above the national median and rents benchmark in the low 90s percentile nationally. According to CRE market data from WDSuite, the area s high-cost ownership environment supports renter reliance, which can underpin leasing stability for well-operated properties.
The 1976 vintage suggests near- to medium-term value-add pathways through targeted interior modernization and system updates, with average unit sizes around 910 square feet providing flexibility for upgrades. Forward-looking 3-mile demographics point to increasing household counts and higher projected incomes, supporting a larger tenant base and potential for steady rent collections, while mindful management of affordability and school quality perceptions remains important.
- Renter concentration and above-median neighborhood occupancy support demand resilience.
- High-cost ownership market reinforces reliance on multifamily, aiding retention and pricing power.
- 1976 construction with ~910 sq. ft. average unit sizes enables targeted value-add upgrades.
- 3-mile outlook shows growing household counts and rising incomes, expanding the renter pool.
- Risk: elevated rent-to-income and lower school ratings require careful lease management and positioning.