| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 34th | Poor |
| Amenities | 26th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 N Park Vista St, Anaheim, CA, 92806, US |
| Region / Metro | Anaheim |
| Year of Construction | 1976 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 N Park Vista St Anaheim Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and occupancy stability, according to WDSuite’s CRE market data. Strengths include a deep renter base and proximity to diverse job centers, with scope for value-add strategies given the asset’s 1976 vintage.
This inner-suburb location in Anaheim offers durable renter demand patterns for workforce housing. The neighborhood posts a 95.7% occupancy rate with a rising five‑year trend, placing it around the upper quartile nationally, per WDSuite’s CRE market data. Renter-occupied housing accounts for a majority of units (56.1%), indicating a deep tenant base that supports leasing velocity and renewal potential for multifamily. The property’s 1976 construction is slightly newer than the neighborhood’s average vintage (1974), which can be competitively positioned against older stock while still warranting targeted modernization over time.
Local amenities are mixed. Restaurant density trends above national norms, and grocery access tracks favorably versus many U.S. neighborhoods, while parks, cafes, and pharmacies are sparser within the immediate neighborhood footprint. Average school ratings in the area trend below national medians; investors should underwrite to resident priorities that emphasize commute convenience and housing value over school-driven decisions.
Within a 3‑mile radius, households have grown over the past five years and are projected to expand further, with smaller average household sizes expected. Income trends are also rising, which, together with a high‑cost ownership landscape, reinforces reliance on rental housing. Median contract rents in the neighborhood sit near the high end nationally and have advanced meaningfully over five years, supporting the case for sustained renter demand while requiring thoughtful lease management given affordability pressure.
Home values in the neighborhood rank high nationally and the value‑to‑income ratio trends well above U.S. medians, signaling a high‑cost ownership market that can sustain rental demand and reduce move‑outs to ownership during typical cycles. Combined with above‑average neighborhood occupancy and NOI per unit performance that ranks well nationally, the location remains competitively positioned within the Anaheim–Santa Ana–Irvine metro.
Safety trends are mixed when viewed across geographies. Within the Anaheim–Santa Ana–Irvine metro’s 516 neighborhoods, this area’s crime rank places it on the safer side of the metro distribution. Nationally, however, the neighborhood scores below the median percentiles, indicating comparatively higher crime exposure than many U.S. neighborhoods. Recent year readings show upticks in both property and violent offense rates; investors should account for this in underwriting through security, lighting, and resident-experience planning, and by monitoring submarket trendlines over multiple periods rather than a single year.
Nearby corporate nodes support a broad commuter base and help stabilize renter demand, led by aerospace/industrial, tech, and financial services employers located within an approximately 5–12 mile radius. The list below highlights United Technologies, Xerox, International Paper, First American Financial, and Western Digital.
- United Technologies — aerospace/industrial offices (4.7 miles)
- Xerox — business services (6.9 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging/industrial (9.5 miles)
- First American Financial — title & financial services (9.8 miles) — HQ
- Western Digital — data storage & technology (12.0 miles) — HQ
The investment thesis centers on durable renter demand, metro‑competitive occupancy, and the area’s high‑cost ownership backdrop that sustains reliance on multifamily housing. Based on CRE market data from WDSuite, neighborhood occupancy runs near the upper quartile nationally with a majority renter-occupied housing share, indicating depth of tenant demand and support for renewal stability. The 1976 vintage is slightly newer than the neighborhood average, giving the property a relative edge versus older comparables while leaving room for targeted capital improvements to drive rent and retention.
Within a 3‑mile radius, households and incomes have grown and are projected to continue rising, pointing to renter pool expansion and potential pricing power. At the same time, elevated rents relative to incomes warrant careful lease management to balance growth with retention. Investors should also monitor safety trendlines and emphasize resident‑experience upgrades where appropriate.
- Metro‑competitive occupancy and deep renter base support leasing stability
- 1976 vintage offers value‑add and modernization levers versus older stock
- High‑cost ownership market reinforces rental demand and renewal potential
- 3‑mile household and income growth support renter pool expansion and pricing power
- Risk: below‑median national safety readings and affordability pressure require proactive asset management