| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 33rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 N East St, Anaheim, CA, 92805, US |
| Region / Metro | Anaheim |
| Year of Construction | 1979 |
| Units | 63 |
| Transaction Date | 2014-08-18 |
| Transaction Price | $4,506,500 |
| Buyer | HUNG CHUANG TI |
| Seller | BENTLEY ROBERT E |
201 N East St Anaheim Multifamily Investment
This 63-unit property built in 1979 sits in a neighborhood with 96.3% occupancy and strong rental demand. The area's 64.8% renter-occupied share ranks in the top 4% nationally according to CRE market data from WDSuite.
The property occupies an Urban Core neighborhood in Anaheim with fundamentals that support rental demand. The area maintains 96.3% occupancy, placing it in the upper half among the region's 516 neighborhoods. With 64.8% of housing units renter-occupied, this location ranks in the 96th percentile nationally, indicating strong multifamily demand characteristics.
Built in 1979, this property aligns with the neighborhood's average construction year of 1966, presenting potential value-add opportunities through strategic capital improvements. The immediate area shows established rental dynamics with median contract rents of $1,730, though investors should monitor affordability pressures as rent-to-income ratios indicate potential retention considerations.
Demographics within a 3-mile radius show a population of approximately 203,000 with 60.7% renter-occupied housing units. The area exhibits strong amenity density with 6.04 grocery stores per square mile, ranking in the 97th percentile nationally, and comparable restaurant density. However, the neighborhood shows limited café and childcare amenities, which may affect tenant preferences in certain demographics.
The location benefits from proximity to employment centers, with median household income of $81,138 in the immediate neighborhood. Forward-looking demographics suggest household formation growth, with projections indicating a 51.8% increase in total households by 2028, potentially expanding the renter pool and supporting occupancy stability.
The neighborhood's safety profile shows mixed indicators that require careful evaluation. Property crime rates of 318 incidents per 100,000 residents place the area near the metro median among 516 neighborhoods, with a 47th percentile ranking nationally. However, recent trends show property crime increasing 5.3% year-over-year, which investors should monitor for potential impacts on tenant retention.
Violent crime presents more significant concerns, with rates of 168.5 incidents per 100,000 residents ranking in the lower quartile regionally and 23rd percentile nationally. The area has experienced a 68.9% increase in violent crime over the past year, placing it in the bottom quartile for crime trends among metro neighborhoods. These factors warrant consideration in lease pricing strategies and property management approaches.
The property benefits from proximity to major corporate employers, providing workforce housing opportunities within reasonable commuting distance of established business centers.
- United Technologies — aerospace & defense (5.6 miles)
- Xerox — business services (7.4 miles)
- International Paper Cypress — manufacturing & packaging (7.4 miles)
- Time Warner Business Class — telecommunications (9.3 miles)
- First American Financial — financial services (9.8 miles) — HQ
This 63-unit Anaheim property presents a value-add opportunity in a fundamentally strong rental market. The neighborhood's 96.3% occupancy and 64.8% renter-occupied housing share demonstrate sustained multifamily demand, while the 1979 construction year offers renovation upside potential. Projected household growth of 51.8% by 2028 within the 3-mile radius supports long-term tenant pool expansion, though investors should carefully evaluate recent crime trends and affordability pressures in underwriting.
The location benefits from established employment proximity and strong amenity density, particularly grocery access ranking in the 97th percentile nationally. According to multifamily property research from WDSuite, the area's rental tenure characteristics and occupancy stability indicate mature rental demand fundamentals, though the vintage presents both renovation requirements and value creation opportunities through strategic capital deployment.
- High occupancy neighborhood (96.3%) with strong renter demand characteristics
- Value-add potential through strategic renovations of 1979-vintage property
- Projected 51.8% household growth supports expanding tenant base
- Proximity to major employers including Fortune 500 headquarters
- Risk consideration: Recent increases in violent crime require active management