| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 34th | Poor |
| Amenities | 26th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2944 E Frontera St, Anaheim, CA, 92806, US |
| Region / Metro | Anaheim |
| Year of Construction | 1976 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2944 E Frontera St Anaheim Multifamily Investment
This 108-unit property sits in a neighborhood with 95.7% occupancy rates and strong rental tenure, where 56.1% of housing units are renter-occupied according to CRE market data from WDSuite.
This inner suburb neighborhood ranks in the 92nd percentile nationally for rental occupancy share, with 56.1% of housing units occupied by renters. The area maintains a 95.7% occupancy rate, positioning above the 75th percentile among 516 metro neighborhoods. Current median contract rents of $2,063 reflect 25.9% growth over five years, while the rent-to-income ratio suggests manageable affordability for tenants.
Demographics within a 3-mile radius show a stable household base of approximately 45,300 households, with projections indicating 43.5% household growth through 2028. The median household income of $101,522 has increased 30.9% over five years, supporting rental demand fundamentals. Forecast data suggests continued renter pool expansion, with median household income projected to reach $133,665.
The 1976 construction year aligns with the neighborhood average vintage of 1974, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Home values averaging $564,817 with 32.2% five-year appreciation reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing. The neighborhood's grocery store density ranks in the 73rd percentile nationally, supporting tenant retention through convenient access to essential services.
The neighborhood's overall crime metrics rank 464th among 516 metro neighborhoods, placing it in the 24th percentile nationally for safety performance. Property offense rates show an estimated 286.5 incidents per 100,000 residents, ranking in the upper half of metro neighborhoods at 138th position. However, recent trends indicate elevated year-over-year increases in both property and violent offense rates that warrant monitoring for potential impacts on tenant retention and leasing velocity.
The property benefits from proximity to major corporate offices within the broader Orange County employment corridor, providing workforce housing opportunities for commuting professionals.
- United Technologies — aerospace & defense (4.6 miles)
- Xerox — technology services (7.0 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — manufacturing (9.7 miles)
- First American Financial — financial services (9.9 miles) — HQ
- Western Digital — technology (12.1 miles) — HQ
This 108-unit property built in 1976 operates in a neighborhood with strong rental fundamentals, including 95.7% occupancy rates and a tenant base supported by growing household incomes. The area's 56.1% renter occupancy share ranks in the 92nd percentile nationally, indicating sustained multifamily demand. Commercial real estate analysis from WDSuite shows the neighborhood's NOI per unit averaging $9,488, ranking in the 77th percentile among metro neighborhoods.
Demographic projections within a 3-mile radius forecast 43.5% household growth through 2028, expanding the potential tenant pool while median household incomes are projected to increase 31.7% to $133,665. The property's 1976 vintage presents value-add renovation opportunities for investors seeking to enhance unit features and capture rent premiums in a market where contract rents have grown 25.9% over five years.
- High rental tenure with 56.1% renter occupancy ranking 92nd percentile nationally
- Strong neighborhood occupancy at 95.7% with growing household income base
- Value-add potential from 1976 vintage in market with 25.9% rent growth
- Proximity to major employers including United Technologies and technology headquarters
- Risk consideration: Recent increases in crime rates may impact tenant retention and require enhanced security measures