| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 38th | Poor |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3354 W Orange Ave, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1973 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3354 W Orange Ave Anaheim Multifamily Investment
Stabilized renter demand is supported by a high renter-occupied share and strong neighborhood occupancy, according to WDSuite’s CRE market data. Metrics cited reflect neighborhood conditions, not the property, offering investors context on depth of the tenant base and leasing durability.
The property sits in Anaheim s Urban Core, where daily needs are well covered: grocery and restaurant density ranks in the upper tier of the metro and tests in the top percentiles nationally. Amenities and parks are accessible, and average school ratings are modestly above national norms, which can aid family retention and broaden the resident profile.
Neighborhood occupancy is strong and competitive among Anaheim Santa Ana Irvine neighborhoods, helping support income stability at similar assets. The area shows a high share of renter-occupied housing units (neighborhood-level tenure), which typically indicates a deeper tenant pool for multifamily. Median contract rents track on the higher side for the region, and the rent-to-income profile suggests some affordability pressure, warranting attentive lease management and renewal strategy.
Within a 3-mile radius, household counts have grown while average household size has trended lower, suggesting more households across smaller living arrangements. That pattern points to a broader renter pool and supports occupancy stability, even as total population has been relatively flat to slightly lower over recent years. Forward-looking estimates indicate continued increases in households, which can sustain leasing velocity for well-positioned product.
Home values in the neighborhood are elevated relative to incomes, marking a high-cost ownership market. For investors, this environment tends to reinforce reliance on rental housing, supporting demand depth and pricing power at appropriately positioned communities.
Safety indicators for the neighborhood are mixed. Relative to the Anaheim Santa Ana Irvine metro, the neighborhood s crime rank is 455 out of 516 neighborhoods, indicating below-metro-average safety conditions. Nationally, property-related incidents sit near the middle of the pack, while violent-offense metrics trend weaker versus national comparables. Recent year-over-year changes have been volatile, so prudent operators often budget for enhanced lighting, access control, and community engagement to support resident comfort.
Investors should interpret these figures as neighborhood-level context rather than block-specific predictions. Well-executed property management and physical improvements can meaningfully influence resident experience irrespective of broader area trends.
Nearby corporate offices span packaging, telecom/business services, auto parts distribution, defense technology, and healthcare administration. This mix supports workforce housing demand and commute convenience that can aid retention for comparable multifamily assets.
- INTERNATIONAL PAPER Cypress Retail Packaging packaging (1.8 miles)
- Time Warner Business Class business services/telecom (4.4 miles)
- LKQ auto parts distribution (6.3 miles)
- Raytheon Public Safety RTC defense & aerospace offices (9.6 miles)
- Molina Healthcare healthcare administration (11.8 miles) HQ
Built in 1973, the asset is slightly older than the neighborhood average vintage, creating potential value-add and capital planning opportunities to improve competitive positioning versus newer stock. Strong neighborhood occupancy and a high renter-occupied share indicate a sizable tenant base, while elevated ownership costs in this part of Orange County tend to sustain rental demand. According to CRE market data from WDSuite, rent levels are on the higher side for the area, so disciplined renewal and income qualification practices are prudent to support retention.
Within a 3-mile radius, household counts have been rising even as household sizes edge lower, pointing to a broader renter pool and more leasing opportunities for functional unit mixes. These fundamentals, combined with convenient access to a diversified employer base, support a durable long-term thesis for well-managed multifamily.
- High-cost ownership market supports sustained renter demand and pricing power
- Competitive neighborhood occupancy underpins income stability versus metro peers
- 1973 vintage offers value-add potential through targeted renovations and systems updates
- Household growth within 3 miles expands the tenant base and supports leasing velocity
- Risk: rent-to-income pressures require careful underwriting, renewal strategy, and expense control