| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 38th | Poor |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3230 W Lincoln Ave, Anaheim, CA, 92801, US |
| Region / Metro | Anaheim |
| Year of Construction | 1975 |
| Units | 62 |
| Transaction Date | 2019-02-28 |
| Transaction Price | $17,280,000 |
| Buyer | Ronald Kolar |
| Seller | Rex DeLong |
3230 W Lincoln Ave Anaheim Multifamily Investment
This 62-unit property benefits from neighborhood-level occupancy of 96.8%, reflecting strong tenant retention in a renter-dominated market. The area's high rental share supports consistent demand fundamentals, according to WDSuite's CRE market data.
Located in Anaheim's urban core, this neighborhood ranks in the top quartile nationally for amenities, with exceptional access to restaurants, cafes, and grocery stores that enhance tenant appeal. The area maintains a 96.8% occupancy rate, ranking above metro median among 516 Orange County neighborhoods, indicating stable rental demand patterns.
Built in 1975, the property aligns with the neighborhood's average construction year, positioning it for targeted value-add renovations without obsolescence concerns. Demographics within a 3-mile radius show household growth of 5.2% over five years, supporting an expanding tenant base. Median household income of $92,217 provides solid rental capacity, while the area's 51.6% rental share creates a substantial renter pool.
Home values averaging $663,707 represent a significant ownership barrier, with a value-to-income ratio ranking in the top national percentile. This dynamic tends to keep households in the rental market longer, supporting tenant retention and lease renewal rates. Contract rents have increased 32% over five years, though investors should monitor affordability pressures given the area's rent-to-income ratio.
The neighborhood's safety profile presents mixed indicators that require careful evaluation. While property crime rates rank competitively among Orange County neighborhoods, recent increases in both property and violent crime warrant attention from investors focused on long-term tenant retention.
Violent crime rates rank below metro median among the 516 neighborhoods in the region, though year-over-year increases suggest monitoring local security measures and tenant feedback will be important for maintaining occupancy levels. Property crime trends show similar patterns, indicating the need for appropriate security investments as part of any value-add strategy.
The employment base within commuting distance includes diversified corporate offices spanning packaging, telecommunications, and healthcare, supporting workforce housing demand for middle-income renters.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging and manufacturing (2.4 miles)
- Time Warner Business Class — telecommunications services (4.2 miles)
- LKQ — automotive parts distribution (5.9 miles)
- Raytheon Public Safety RTC — defense and aerospace (9.3 miles)
- Molina Healthcare — healthcare services (12.2 miles) — HQ
This 62-unit property leverages Anaheim's stable rental fundamentals, with neighborhood-level occupancy of 96.8% reflecting consistent tenant demand in a market where renters comprise over half of all households. The 1975 construction year aligns with area norms, creating renovation upside without obsolescence risk, while household growth within a 3-mile radius supports an expanding renter pool.
High home ownership costs, with values averaging over $660,000, create natural barriers to homebuying that benefit rental retention. According to CRE market data from WDSuite, the area's employment diversity and amenity density rank in the top quartile nationally, supporting tenant appeal and lease-up velocity for well-positioned properties.
- Strong occupancy fundamentals with 96.8% neighborhood-level rates above metro median
- Renter-dominated market with 51.6% rental share supporting consistent demand
- Value-add potential from 1975 vintage aligned with neighborhood construction patterns
- High ownership barriers create natural rental market protection
- Risk consideration: Recent crime increases require security investment planning