| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Poor |
| Demographics | 31st | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 E Orangewood Ave, Anaheim, CA, 92802, US |
| Region / Metro | Anaheim |
| Year of Construction | 1976 |
| Units | 22 |
| Transaction Date | 1993-09-24 |
| Transaction Price | $320,500 |
| Buyer | CHAO HSIEN TAI |
| Seller | BOZARJIAN RICHARD |
400 E Orangewood Ave Anaheim Multifamily Investment
Neighborhood metrics point to a deep renter base and steady occupancy, according to WDSuite’s CRE market data, with rents positioned at the higher end for the metro. Investors should underwrite for demand durability while managing affordability sensitivity at the neighborhood level.
Located in Anaheim’s Urban Core, the property sits in a renter-driven neighborhood where approximately three-quarters of housing units are renter-occupied. That concentration supports a larger tenant base and helps stabilize leasing, though it can also heighten competition among operators to retain residents.
Amenity density is a relative strength: restaurant and cafe counts rank near the top among 516 metro neighborhoods and test in the top decile nationally, while grocery and park access trend above national norms. These factors generally enhance livability and can support tenant retention compared with submarkets that are more car-dependent.
Neighborhood occupancy is above the national average but sits below the metro median among 516 neighborhoods, indicating stable demand with room for operational differentiation. Median neighborhood rents are high by national standards, which supports revenue potential but increases the need for precise lease management and renewal strategies.
Within a 3-mile radius, demographics indicate modest population growth to date with further expansion projected, alongside rising household incomes and a growing household count. This points to an expanding renter pool that can support occupancy and absorption over a multi-year hold, even as average household size trends down.
The asset’s 1976 vintage is older than the neighborhood’s average construction year. Investors should plan for capital expenditures and consider value-add or systems modernization to maintain competitive positioning versus younger stock.
Compared with other neighborhoods in the Anaheim–Santa Ana–Irvine metro (516 total), the area ranks in the lower half for safety, and it sits below the national average by percentile. This suggests investors should account for security, lighting, and community engagement measures in operating plans.
Property crime rates benchmark below national percentiles but have shown recent year-over-year improvement, while violent-offense measures remain weaker than national norms. Framing these trends at the neighborhood level helps set expectations for marketing, resident screening, and on-site protocols without overgeneralizing to specific blocks.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for residents. Key employers within commuting distance include Xerox, First American Financial, International Paper, United Technologies, and the Microsoft Technology Center.
- Xerox — corporate offices (4.9 miles)
- First American Financial — corporate offices (6.9 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — corporate offices (7.1 miles)
- United Technologies — corporate offices (8.3 miles)
- Microsoft Technology Center — corporate offices (8.9 miles)
400 E Orangewood Ave is a 22-unit asset positioned in a high-amenity, renter-heavy Anaheim neighborhood. Neighborhood occupancy trends are above national averages but below the metro median, suggesting steady demand with opportunity to capture share through operations and selective upgrades. High neighborhood rent levels and elevated home values reinforce reliance on multifamily housing, supporting long-term renter demand.
The 1976 vintage creates a clear value-add path through modernization and targeted systems investment to better compete with 1980s-and-newer stock. Within a 3-mile radius, recent population growth and projected increases in households indicate a larger tenant base ahead, which can support occupancy stability; according to CRE market data from WDSuite, neighborhood metrics align with sustained leasing but warrant careful attention to affordability and renewal strategies.
- Renter-heavy neighborhood supports demand depth and leasing stability.
- High amenity density (food, cafes, parks) aids retention and positioning.
- 1976 vintage offers value-add and systems modernization potential.
- Occupancy above national average with room to outperform metro peers through operations.
- Risk: elevated neighborhood rents vs. incomes and below-metro safety rankings require prudent underwriting and on-site measures.