| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 41st | Poor |
| Amenities | 43rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1251 N Placentia Ave, Anaheim, CA, 92806, US |
| Region / Metro | Anaheim |
| Year of Construction | 1973 |
| Units | 56 |
| Transaction Date | 2021-06-14 |
| Transaction Price | $12,200,000 |
| Buyer | C2C PLACENTIA LLC |
| Seller | PARK TERRACE APTS LLC |
1251 N Placentia Ave Anaheim Multifamily Investment
This 56-unit property built in 1973 operates in a neighborhood with strong occupancy fundamentals, where multifamily property research indicates 97.3% occupancy rates exceed metro averages by a meaningful margin.
The neighborhood surrounding 1251 N Placentia Ave demonstrates solid rental market fundamentals within Orange County's Anaheim-Santa Ana-Irvine metro. With 97.3% occupancy rates ranking in the top quartile among 516 metro neighborhoods, the area shows consistent tenant retention and absorption. Median rents of $1,870 position the market competitively within the broader Orange County landscape, supporting stable cash flow potential for multifamily operators.
The property's 1973 construction year aligns with the neighborhood average of 1964, presenting potential value-add opportunities through strategic renovations and unit improvements. At 705 square feet per unit on average, the property offers efficiency-focused housing that appeals to Orange County's cost-conscious renter base. The neighborhood's 57% renter-occupied housing share creates a substantial tenant pool, while grocery store access ranks in the 85th percentile nationally, supporting resident retention.
Demographics within a 3-mile radius show household income growth of 39% over five years, reaching a median of $94,649, indicating improving purchasing power among the renter base. The area maintains 23% of residents under 18 and 29% aged 18-34, providing a diverse tenant mix. Forecasts suggest household growth of 46% through 2028, potentially expanding the renter pool and supporting occupancy stability as new households enter the market.
The neighborhood demonstrates moderate safety metrics with property crime rates at 265 incidents per 100,000 residents, ranking around the metro median among 516 Orange County neighborhoods. Notably, recent trends show property crime declining 9.7% year-over-year, while violent crime decreased 33.3%, suggesting improving conditions that support tenant retention and property values.
These safety improvements, combined with the area's established residential character and proximity to major employment centers, contribute to a stable operating environment for multifamily properties. Investors should monitor these positive trends as part of ongoing asset management and tenant relations strategies.
The property benefits from proximity to major corporate employers throughout Orange County, providing workforce housing for professionals across technology, finance, and manufacturing sectors.
- United Technologies — aerospace & defense (4.4 miles)
- Xerox — technology services (7.8 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — manufacturing (8.6 miles)
- First American Financial — financial services HQ (10.5 miles)
- Western Digital — technology manufacturing HQ (12.8 miles)
This 56-unit Anaheim property presents a compelling value-add opportunity in a neighborhood with demonstrated rental market strength. The 97.3% occupancy rate significantly outperforms typical metro averages, while commercial real estate analysis from WDSuite shows the area ranking in the top quartile for occupancy stability among Orange County neighborhoods. The 1973 vintage offers renovation upside potential, allowing investors to capture rent premiums through strategic unit improvements and common area enhancements.
Demographic trends support long-term rental demand, with household growth projected at 46% through 2028 and median income rising 39% over the past five years. The neighborhood's 57% renter occupancy share creates substantial tenant depth, while declining crime rates and proximity to major employers like United Technologies and First American Financial enhance the location's appeal to working professionals.
- Strong occupancy fundamentals with 97.3% rates ranking top quartile metro-wide
- Value-add potential through 1973 vintage property improvements
- Growing household base with 46% projected expansion through 2028
- Risk consideration: Older building stock requires capital expenditure planning for major systems