| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 48th | Poor |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3523 W Savanna St, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2019-06-26 |
| Transaction Price | $6,600,000 |
| Buyer | DESAI ABHINANDAN A |
| Seller | CLIPPINGER GRACE Y |
3523 W Savanna St Anaheim Multifamily Value-Add
Neighborhood multifamily occupancy is high and stable in this pocket of Anaheim, according to WDSuite’s CRE market data, supporting consistent tenant demand at the property level. Metrics cited are for the neighborhood, not the asset.
Situated in Anaheim’s Urban Core, the surrounding neighborhood carries a C+ rating and sits above the metro median on several renter-demand indicators. Neighborhood multifamily occupancy ranks 80th of 516 metro neighborhoods and is in the 93rd national percentile — a top‑quartile signal that supports leasing stability and limited downtime between turns. Median contract rents in the area have risen over the last five years and sit in a high national percentile, while the neighborhood’s rent-to-income ratio trends near 0.21, indicating manageable affordability pressure that can aid retention and pricing power.
Amenity access is mixed but serviceable for workforce renters. Cafes rank competitively (86th national percentile) and restaurants are above the national median, while grocery access sits around the 70th percentile. Park and pharmacy counts are thin locally, which may modestly reduce lifestyle convenience; investors should underwrite to resident priorities around daily-needs access rather than green space.
Within a 3‑mile radius, recent demographic data show a modest dip in population alongside an increase in households and smaller average household sizes. Looking forward, projections indicate continued household growth with further downsizing in average household size, expanding the local renter pool and supporting occupancy stability. Household incomes have grown meaningfully and are projected to continue rising, which, coupled with elevated ownership costs in Orange County, reinforces reliance on multifamily housing.
For investors assessing competitive positioning, the neighborhood’s housing metrics place it in the top national quartiles for overall housing quality and NOI per unit, according to CRE market data from WDSuite, suggesting resilient fundamentals relative to many U.S. neighborhoods. Median home values sit in a high national percentile, signaling a high‑cost ownership market that tends to sustain rental demand and lease retention for well‑maintained assets.
Safety indicators for the neighborhood are mixed when benchmarked nationally. Overall crime outcomes are around the national middle, with property offenses trending comparatively better (near the upper half nationally) and recent improvement in property offense rates over the last year placing the area in a stronger national percentile for positive momentum. In contrast, violent‑offense trends have recently moved in the wrong direction, positioning the area below the national middle on that measure. These figures reflect neighborhood conditions across the Anaheim–Santa Ana–Irvine metro (rank comparisons reference 516 neighborhoods) and should be weighed as part of underwriting and management planning.
The area draws from a diversified employment base that supports renter demand through commute convenience and steady payrolls, including packaging, telecom, auto parts distribution, defense services, and healthcare administration.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (1.45 miles)
- Time Warner Business Class — telecom services (4.44 miles)
- LKQ — auto parts distribution (6.47 miles)
- Raytheon Public Safety RTC — defense services (9.60 miles)
- Molina Healthcare — healthcare administration (11.45 miles) — HQ
Built in 1972, this 22‑unit asset offers classic‑vintage value‑add potential in an Anaheim submarket where neighborhood occupancy trends rank near the top of the metro and in the top quartile nationally. The combination of strong renter-occupied share, rising household incomes, and elevated home values in Orange County supports a durable tenant base and lease retention, while moderate rent-to-income levels suggest room for disciplined revenue management. According to CRE market data from WDSuite, neighborhood housing and NOI metrics perform above many national peers, aligning with a thesis focused on steady operations with targeted renovations.
Key underwriting considerations include aging‑asset capital planning and mixed safety trends, as well as thinner access to parks and pharmacies that may influence amenity expectations. Nonetheless, the broader employment base and projected growth in households within 3 miles point to sustained renter pool expansion that can support occupancy stability over a multi‑year hold.
- High neighborhood occupancy and renter concentration support stable demand
- 1972 vintage offers value‑add and modernization upside with targeted capex
- Rising incomes and high ownership costs reinforce multifamily reliance
- Diverse nearby employers underpin leasing and retention
- Risks: aging systems, mixed safety trends, and limited park/pharmacy access