| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 43rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2674 W Lincoln Ave, Anaheim, CA, 92801, US |
| Region / Metro | Anaheim |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | 2012-12-03 |
| Transaction Price | $5,875,000 |
| Buyer | Lincoln Villas Apartment |
| Seller | Stephen & Monika Caplis |
2674 W Lincoln Ave Anaheim Multifamily Investment
This 48-unit property benefits from strong neighborhood occupancy at 96.6% and a renter-heavy housing market with 59.1% of units occupied by renters, according to CRE market data from WDSuite.
Located in Anaheim's urban core, this neighborhood demonstrates solid rental fundamentals with occupancy rates ranking in the top quartile nationally at 96.6%. The area maintains a strong rental market with 59.1% of housing units occupied by renters, ranking in the top decile among 516 metro neighborhoods. Median contract rents of $1,718 have increased 23.2% over five years, indicating sustained demand despite affordability pressures.
The property's 1978 construction year aligns closely with the neighborhood average of 1979, suggesting consistent building stock that may present value-add renovation opportunities. Demographic data within a 3-mile radius shows a stable population of approximately 247,000 residents with household income growth of 41.2% over five years, supporting rental demand fundamentals.
Home values averaging $800,369 with 65.3% appreciation over five years reinforce rental demand by maintaining elevated ownership costs. The rent-to-income ratio of 0.28 suggests manageable affordability for tenants while supporting pricing power. Amenity density includes 6.07 grocery stores per square mile, ranking in the 97th percentile nationally, enhancing tenant appeal and retention potential.
Net operating income per unit averages $9,021 in the neighborhood, ranking in the top quartile among metro properties at 74th percentile nationally. This metric, combined with stable occupancy trends and a mature rental market, indicates established cash flow potential for multifamily investors.
Safety metrics present a mixed profile requiring investor attention. Property crime rates rank 162nd among 516 metro neighborhoods with a 46th percentile nationally, indicating moderate performance relative to other markets. However, property crime has increased 89.6% year-over-year, ranking 451st among metro neighborhoods and in the 14th percentile nationally.
Violent crime shows more concerning trends, with rates ranking 400th among metro neighborhoods and in the 22nd percentile nationally. Year-over-year violent crime increases of 223.1% place the neighborhood in the 7th percentile nationally. Investors should factor these safety dynamics into tenant retention strategies, security considerations, and insurance planning when evaluating this opportunity.
The neighborhood benefits from proximity to diverse corporate employers supporting workforce housing demand, including packaging, technology, and defense contractors within reasonable commuting distance.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging & manufacturing (3.3 miles)
- Time Warner Business Class — telecommunications services (5.4 miles)
- LKQ — automotive parts & services (6.5 miles)
- United Technologies — aerospace & defense (8.8 miles)
- First American Financial — insurance & financial services (11.3 miles) — HQ
This 48-unit property presents a solid cash flow opportunity anchored by neighborhood occupancy rates of 96.6% and strong rental market fundamentals. The 1978 construction year offers potential value-add upside through strategic renovations and unit improvements. Commercial real estate analysis shows the area's 59.1% renter occupancy rate creates sustained demand, while median rents of $1,718 with 23.2% five-year growth demonstrate pricing power despite affordability considerations.
Demographic projections within a 3-mile radius indicate household growth of 41.6% over the next five years, expanding the potential tenant base from approximately 72,000 to 102,000 households. Home values averaging $800,369 with significant appreciation maintain elevated ownership barriers, supporting rental demand. However, investors should monitor rising crime trends and factor security enhancements into capital planning.
- Strong neighborhood occupancy at 96.6% ranks in top quartile nationally
- Rental-heavy market with 59.1% renter occupancy supports demand
- Projected household growth of 41.6% over five years expands tenant pool
- 1978 vintage offers value-add renovation opportunities
- Rising crime trends require security considerations and monitoring