| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 38th | Poor |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 145 S Western Ave, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1973 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
145 S Western Ave Anaheim Multifamily Investment
Renter-occupied housing is prevalent and neighborhood occupancy trends sit above the metro median, according to WDSuite’s CRE market data. Elevated ownership costs in Anaheim support durable renter demand while reinforcing the case for steady operations under disciplined commercial real estate analysis.
The property is positioned in Anaheim’s Urban Core, where the neighborhood rates B+ and is competitive among Anaheim-Santa Ana-Irvine neighborhoods (166 out of 516). Local amenities are a standout: neighborhood counts for restaurants, cafes, and grocery stores sit in the mid-90s national percentiles, with parks and pharmacies also strong. This amenity density supports day-to-day convenience and helps with resident retention.
From an income and operations lens, neighborhood occupancy is above the metro median, and net operating income per unit benchmarks in the top quartile nationally. The neighborhood’s renter-occupied share is high (97th percentile nationally), indicating a deep tenant base for multifamily assets and potential leasing stability through cycles. Median school ratings are slightly above national average, offering a balanced family appeal within an urban context.
Within a 3-mile radius, households have increased even as overall population has edged lower in recent years, with forecasts calling for more households and smaller average household sizes by 2028. That combination typically expands the renter pool and supports occupancy and absorption for professionally managed communities.
Home values in the neighborhood rank in a high national percentile, reflecting a high-cost ownership market that can sustain reliance on rentals and support pricing power for well-maintained assets. At the same time, rents relative to incomes point to affordability pressure, so operators should emphasize renewal strategies and value communication to manage turnover risk.
Vintage context: the asset’s 1973 construction is slightly older than the neighborhood average (1975). Investors should underwrite ongoing capital planning and selective renovations to maintain competitiveness versus newer stock, particularly in kitchens, baths, common areas, and building systems.
Safety indicators are mixed and warrant monitoring. Compared with 516 metro neighborhoods, the area’s crime rank places it below the metro median, and national percentiles indicate it is below the national median for violent safety while property crime sits closer to the middle of national peers. Recent trend readings point to an uptick year over year, so investors should incorporate prudent security measures and review recent comps and insurer feedback as part of due diligence.
As always, safety conditions can vary by block and over time; comparing multiple periods and speaking with property managers and local stakeholders can help contextualize on-the-ground conditions relative to the broader Anaheim-Santa Ana-Irvine region.
Nearby employers span packaging, telecom services, auto parts distribution, and defense-related operations, supporting a diverse commuter base that can reinforce renter demand and retention at workforce-oriented communities.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging operations (2.3 miles)
- Time Warner Business Class — telecom/business services (4.3 miles)
- LKQ — auto parts distribution (6.0 miles)
- Raytheon Public Safety RTC — defense-related operations (9.4 miles)
- International Paper — corporate offices (9.7 miles)
This 78-unit, 1973-vintage community benefits from a high-renter neighborhood profile, strong amenity access, and occupancy levels above the metro median, supporting day-to-day stability. Elevated ownership costs in the area underpin reliance on multifamily housing, while top-quartile income performance at the neighborhood level indicates competitive revenue potential for well-operated assets. Based on CRE market data from WDSuite, these dynamics compare favorably to broader national multifamily benchmarks.
Capital plans should account for the property’s vintage, with value-add opportunities in interiors and systems likely to enhance positioning against newer supply. Household growth within a 3-mile radius—driven by smaller household sizes—suggests a gradually expanding renter pool, though rent-to-income pressures argue for measured renewal strategies and amenity/ service differentiation to support retention.
- Above-metro occupancy and high renter concentration support leasing stability
- High-cost ownership market reinforces multifamily demand and pricing power
- Amenity-rich Urban Core location with nationally strong retail and services access
- 1973 vintage offers value-add and systems-upgrade potential to drive NOI
- Risks: affordability pressures and mixed safety trends require disciplined lease and OpEx management