| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 43rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2453 W Ball Rd, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2453 W Ball Rd Anaheim Multifamily Investment
High neighborhood occupancy and a sizable renter-occupied base support durable demand and lease stability, according to WDSuite’s CRE market data. Elevated local home values further reinforce reliance on multifamily housing in this Anaheim location.
Situated in Anaheim’s Urban Core, the neighborhood shows investor-friendly demand signals: occupancy is in the top quartile nationally and above the metro median among 516 neighborhoods, indicating stable leasing conditions. Renter-occupied share of housing units is also high (competitive among Anaheim–Santa Ana–Irvine neighborhoods), pointing to a deep tenant base and steady absorption for garden and midscale multifamily.
Daily-needs access is a strength. Grocery density performs in the top quartile nationally and restaurants are similarly strong, while parks access also trends well versus U.S. peers. By contrast, cafes and pharmacies are thinner locally, so residents rely more on nearby corridors for those services. Average school ratings sit near the national midpoint, offering broad appeal without premium pricing pressure.
Economically, the area is a high-cost ownership market with home values in the upper national percentiles. That context typically sustains rental demand and can aid renewal retention, even as rent-to-income levels suggest affordability pressure is manageable relative to coastal peers. The property’s 1973 vintage is older than the neighborhood’s average construction year (1979), signaling potential value-add and capital planning opportunities to remain competitive against newer stock.
Within a 3-mile radius, demographics indicate a broad working-age population and a renter-occupied share near 53%–55%, supporting multifamily depth. Recent data show households have grown even as average household size edges lower, and near-term projections point to further household increases alongside smaller household sizes; together these trends expand the renter pool and support occupancy stability. Median incomes and contract rents have risen over recent years, and forward-looking multifamily property research points to continued rent growth consistent with regional dynamics, based on WDSuite’s market view.
Safety trends are mixed relative to broader benchmarks. Based on WDSuite’s data, the neighborhood scores below the national average for safety (lower national percentiles) and ranks in the lower tier within the Anaheim–Santa Ana–Irvine metro, placing it below the metro median among 516 neighborhoods. Recent readings indicate an uptick in reported offenses year over year. Investors typically address this with proactive lighting, access controls, and attentive management to support resident retention.
The area draws from a diversified employment base within a 3–10 mile commute, supporting workforce housing demand and lease retention. Notable nearby employers include packaging, telecom, auto parts distribution, and financial services.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (3.3 miles)
- Time Warner Business Class — telecom services (6.3 miles)
- LKQ — auto parts distribution (7.6 miles)
- Xerox — business services (8.9 miles)
- First American Financial — title & financial services (10.2 miles) — HQ
This 20-unit, 1973-vintage asset benefits from a high renter-occupied share and resilient neighborhood occupancy, supporting steady leasing fundamentals. Elevated ownership costs in the submarket help sustain reliance on rentals, while strong grocery and dining access underpins livability. Given its older vintage versus the neighborhood average, the property presents potential value-add and capex planning angles to sharpen competitiveness and drive rent positioning consistent with local demand.
According to CRE market data from WDSuite, occupancy levels in this neighborhood outperform metro medians and sit in upper national tiers, aligning with a broad tenant base within a 3-mile radius and household growth that expands the renter pool. Income trends and directional rent growth support an underwriting case centered on retention and measured rent steps, provided operational focus on resident experience and asset upkeep.
- High neighborhood occupancy and strong renter-occupied share support demand stability
- Elevated home values reinforce reliance on multifamily, aiding renewal retention
- 1973 vintage offers value-add and capital planning opportunities versus newer stock
- Diversified nearby employment base within a reasonable commute supports leasing
- Risk: below-metro safety readings warrant enhanced security and attentive management