| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 33rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 127 W Cypress St, Anaheim, CA, 92805, US |
| Region / Metro | Anaheim |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | 2016-07-28 |
| Transaction Price | $3,980,000 |
| Buyer | NNC CYPRESS SENIOR LLC |
| Seller | BARTH RIC L |
127 W Cypress St Anaheim Multifamily Investment
This 20-unit property built in 1984 benefits from strong neighborhood-level occupancy at 96.3% and robust rental demand in Orange County's established multifamily market, according to CRE market data from WDSuite.
Located in Anaheim's urban core, this neighborhood demonstrates solid fundamentals for multifamily investors. The area maintains 96.3% occupancy rates, ranking in the top quartile nationally among 516 metro neighborhoods, while the rental share of 64.8% indicates strong tenant demand depth. Median contract rents of $1,730 have grown 38% over the past five years, outpacing many comparable Orange County submarkets.
Demographics within a 3-mile radius show a population of approximately 224,000 residents with median household income of $89,900. The area's household composition skews toward families, with average household size of 3.5 people supporting demand for the property's 630 square foot average unit size. Projected population growth of 1.4% through 2028 suggests continued rental pool expansion, while forecasted median income growth to $120,868 supports rent advancement potential.
The property's 1984 vintage aligns with the neighborhood's average construction year of 1966, indicating established building stock that may present value-add opportunities through strategic capital improvements. Home values averaging $767,927 with high ownership costs reinforce rental demand, as elevated purchase prices sustain renter reliance on multifamily housing. The neighborhood's amenity density includes strong grocery access with 6.04 stores per square mile, ranking in the 97th percentile nationally.
Safety metrics for this Anaheim neighborhood show mixed trends that warrant monitoring. Property crime rates of 318 incidents per 100,000 residents rank in the middle tier among Orange County neighborhoods, placing at the 47th percentile nationally. Violent crime rates of 169 incidents per 100,000 residents rank lower at the 23rd percentile nationwide, indicating elevated levels compared to national averages.
Recent trends show property crime increasing 5.3% over the past year, while violent crime has risen 68.9%, both metrics underperforming relative to regional benchmarks. Investors should factor these safety considerations into tenant retention strategies and property management protocols, while monitoring whether local law enforcement initiatives or community development projects may influence future trends.
The property benefits from proximity to major corporate employers across Orange County, providing workforce housing opportunities for professional tenants within reasonable commuting distance.
- United Technologies — aerospace & defense (6.0 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — manufacturing & packaging (6.7 miles)
- Xerox — technology services (7.6 miles)
- Time Warner Business Class — telecommunications (8.6 miles)
- First American Financial — financial services (9.9 miles) — HQ
This 20-unit Anaheim property presents a solid multifamily investment opportunity anchored by strong neighborhood occupancy fundamentals and Orange County's established rental market dynamics. The 96.3% neighborhood occupancy rate ranks in the top quartile nationally, while the area's 64.8% rental tenure share indicates deep tenant demand. Based on commercial real estate analysis from WDSuite, the property's 1984 vintage offers potential value-add opportunities through strategic renovations, particularly given the neighborhood's rent growth trajectory of 38% over five years.
Population growth projections of 1.4% through 2028 within the 3-mile radius support continued rental demand, while forecasted median income increases to $120,868 provide runway for rent advancement. The property's average unit size of 630 square feet aligns well with the area's family-oriented demographics, where average household size of 3.5 people creates demand for appropriately sized rental units.
- Strong occupancy fundamentals with 96.3% neighborhood rate ranking top quartile nationally
- Robust rental demand supported by 64.8% renter-occupied housing units
- Value-add potential through 1984 vintage property improvements
- Population and income growth projections support rent advancement
- Risk consideration: Recent increases in both property and violent crime rates require monitoring