| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 38th | Poor |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3340 W Orange Ave, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1976 |
| Units | 29 |
| Transaction Date | 2016-03-01 |
| Transaction Price | $6,100,000 |
| Buyer | Matthew Hoyt |
| Seller | --- |
3340 W Orange Ave, Anaheim Multifamily Investment
Positioned in an Urban Core pocket of Anaheim with resilient renter demand and steady neighborhood occupancy, this asset benefits from a deep tenant base and strong amenity access, according to CRE market data from WDSuite.
Anaheim s Urban Core setting around 3340 W Orange Ave offers investors everyday convenience that supports leasing stability. Amenity access is a relative strength the neighborhood s amenity mix is competitive among Anaheim Santa Ana Irvine neighborhoods (37th of 516), and nationally it sits in the top quartile for restaurants, cafes, groceries, parks, and pharmacies. This concentration of daily-needs retail tends to reduce friction for residents and can aid retention.
Neighborhood occupancy is strong at the area level and ranks above the metro median (216th of 516) with an 82nd percentile national standing, based on CRE market data from WDSuite. The renter-occupied share of housing units is high (about seven in ten), indicating a sizable renter pool that can support multifamily absorption and stabilize turnover cycles.
Demographic indicators are aggregated within a 3-mile radius. Recent years show a modest decline in population alongside an increase in household counts and smaller average household sizes. For investors, that combination typically points to more housing demand per resident and a broader base of prospective renters, which can support occupancy stability even as household composition shifts.
Ownership costs in this submarket are elevated relative to incomes (nationally top percentile value-to-income ratio) and home values are high versus many U.S. neighborhoods. In practice, a high-cost ownership market often reinforces reliance on rental housing, supporting pricing power for well-managed assets, though it also heightens rent-to-income pressure an important consideration for lease management and renewals.
Safety metrics for the neighborhood track below national safety averages overall (crime and violent offense measures sit in the mid-20s percentiles nationally), while property crime levels are closer to the national middle. This mix suggests investors should underwrite prudent security and lighting standards and consider resident communication around safety without assuming outlier risk levels.
Year-over-year indicators show recent increases in reported offenses at the neighborhood level. For underwriting, this argues for conservative assumptions on operating expenses related to security and potential insurance, while recognizing that trends can shift with local enforcement and community initiatives.
Nearby corporate employers provide a diverse employment base that supports renter demand and commute convenience, including International Paper, Time Warner Business Class, LKQ, Raytheon Public Safety RTC, and International Paper s regional facilities.
- INTERNATIONAL PAPER Cypress Retail Packaging packaging & logistics (1.8 miles)
- Time Warner Business Class telecom services (4.4 miles)
- LKQ automotive parts (6.3 miles)
- Raytheon Public Safety RTC defense & technology offices (9.6 miles)
- International Paper packaging & distribution (9.9 miles)
This 29-unit Anaheim asset sits in a B+ rated neighborhood with amenity density that outperforms most U.S. areas and an above-metro neighborhood occupancy profile. A high renter-occupied share at the neighborhood level indicates a deep tenant base, while elevated ownership costs locally tend to sustain rental demand. According to CRE market data from WDSuite, neighborhood occupancy remains in the upper tiers nationally, supporting a case for steady leasing and measured rent growth, provided management stays attentive to affordability and renewal strategies.
Household growth within a 3-mile radius, alongside smaller average household sizes, expands the pool of prospective renters even as overall population softens slightly. Investors should balance these strengths against affordability pressure (high rent-to-income ratios) and softening safety indicators by underwriting conservative renewals, emphasizing unit quality, and leveraging the area s strong daily-needs retail and employment proximity to support retention.
- Above-metro neighborhood occupancy and strong national standing support leasing stability
- High renter-occupied share signals depth of tenant base for multifamily demand
- Elevated ownership costs reinforce reliance on rental housing and pricing power
- 3-mile area shows more households and smaller sizes, expanding the renter pool
- Risks: affordability pressure and recent safety softening warrant conservative underwriting