| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 50th | Poor |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2691 W La Palma Ave, Anaheim, CA, 92801, US |
| Region / Metro | Anaheim |
| Year of Construction | 1977 |
| Units | 68 |
| Transaction Date | 2019-09-19 |
| Transaction Price | $9,250,000 |
| Buyer | LA PALMA HOUSING PARTNERS LP |
| Seller | N D P C CORPORATION |
2691 W La Palma Ave Anaheim Multifamily Investment
Neighborhood occupancy is exceptionally tight and elevated home values relative to incomes sustain renter reliance on multifamily housing in this Anaheim inner suburb, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of Anaheim where neighborhood occupancy is reported at the high end of the metro. This figure reflects the neighborhood, not the property, and points to stable leasing conditions and lower downtime risk for multifamily assets.
Daily-needs access is a strength: the area ranks in the top quartile among 516 metro neighborhoods for parks and for grocery and restaurant density, with national percentiles in the mid-90s. School quality also trends strong for the metro, with the neighborhood’s average rating near the top quartile nationally, supporting family-oriented renter retention. Cafe and pharmacy density are thinner, which may modestly reduce walk-to-amenity appeal but is offset by robust parks and shopping access.
Within a 3-mile radius, demographics show a steady renter base: roughly 56% of housing units are renter-occupied, household counts have increased over the past five years, and average household size is trending smaller. This combination implies a larger tenant base and diversified demand across unit types, supporting occupancy stability for well-positioned properties.
Affordability dynamics favor retention. The neighborhood’s rent-to-income ratio sits near the lower half nationally, while home values are elevated relative to incomes (high national percentile for value-to-income). Together, that profile suggests a high-cost ownership market that can reinforce multifamily demand and help sustain pricing power, while keeping resident affordability pressure and lease management considerations in view.
Safety metrics are mixed. Relative to 516 Anaheim–Santa Ana–Irvine neighborhoods, the area’s overall crime rank places it below the metro median, aligning with a lower national percentile for safety. Property offense indicators trend comparatively better than violent offense indicators, landing closer to mid-to-better national percentiles for property-related incidents while violent metrics sit below national averages.
Recent estimates indicate year-over-year volatility, so prudent underwriting should incorporate conservative assumptions and attention to on-site security, lighting, and resident experience programming. Comparisons here are neighborhood-level context, not block-specific conditions.
Nearby employment includes packaging, telecommunications, auto parts distribution, aerospace/industrial operations, and title insurance services, supporting a broad renter pool and commute convenience for workforce tenants.
- International Paper Cypress Retail Packaging — packaging & retail materials (4.0 miles)
- Time Warner Business Class — telecommunications services (4.9 miles)
- LKQ — auto parts distribution (5.6 miles)
- United Technologies — aerospace & industrial operations (8.2 miles)
- First American Financial — title insurance & services (12.2 miles) — HQ
This 68-unit Anaheim asset benefits from tight neighborhood occupancy, elevated ownership costs, and strong daily-needs access that collectively support sustained renter demand and lease retention. According to CRE market data from WDSuite, the surrounding neighborhood sits near the top of the metro for parks and everyday retail access, while school ratings trend in the top quartile nationally — factors that can bolster marketing and renewal performance for stabilized multifamily.
Within a 3-mile radius, household counts are up and the share of renter-occupied housing is substantial, even as average household size trends smaller — dynamics that point to a broadening tenant base and steady demand across compact floorplans. The rent-to-income profile is relatively manageable locally, which can aid collections and retention, though underwriting should account for mixed safety metrics and typical operating discipline around resident experience.
- Tight neighborhood occupancy points to stable leasing and low downtime
- High-cost ownership market supports durable renter demand and pricing power
- 3-mile area shows growing households and a sizable renter-occupied share
- Risks: safety metrics below national averages and thinner boutique amenities/pharmacies