| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Poor |
| Demographics | 31st | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 510 E Orangewood Ave, Anaheim, CA, 92802, US |
| Region / Metro | Anaheim |
| Year of Construction | 1978 |
| Units | 36 |
| Transaction Date | 2014-03-10 |
| Transaction Price | $6,350,000 |
| Buyer | Tn Investments Properties LLC |
| Seller | Orangewood Pines LLC |
510 E Orangewood Ave Anaheim Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a deep tenant base and steady leasing, according to WDSuite’s CRE market data. Occupancy has been resilient versus national norms, positioning the asset for dependable performance when underwritten conservatively.
Located in Anaheim’s Urban Core, the property benefits from strong neighborhood demand drivers and a renter-leaning housing stock. The share of housing units that are renter-occupied is in the top percentile nationally and in the top quartile among 516 metro neighborhoods, signaling depth in multifamily demand and potential for stable occupancy.
Daily-life amenities are a clear strength: restaurants and cafes are both near the top nationally by density, while grocery access sits above the national median. Parks are also above national median levels. By contrast, pharmacy and childcare locations are sparse locally, which investors should factor into resident services and marketing plans.
Within a 3-mile radius, demographics indicate a growing household base and rising incomes over recent years, with forecasts pointing to continued population growth and a larger pool of households by 2028. Household sizes are trending smaller, which can support consistent demand for well-managed, smaller-format units and diversified floor plans that sustain occupancy stability.
Home values are elevated relative to national benchmarks, reinforcing reliance on rental housing and supporting depth of the renter pool. At the same time, rent-to-income ratios are high for the neighborhood, which introduces affordability pressure; prudent lease management and renewal strategies can mitigate retention risk and sustain pricing power.
The asset’s 1978 vintage is older than the neighborhood’s average construction year. That age profile suggests capital planning for building systems and common-area refreshes, but also potential value-add upside through targeted renovations that improve competitive positioning versus newer stock.
Safety trends are mixed. Compared with neighborhoods nationwide, this area sits below average on safety metrics; within the Anaheim–Santa Ana–Irvine metro it ranks weaker than the median among 516 neighborhoods. Recent data does indicate a year-over-year decline in estimated property offenses, which is a constructive directional signal, though violent-offense metrics remain elevated relative to national percentiles. Investors should underwrite with appropriate security measures and resident experience considerations in mind.
Proximity to diverse corporate offices underpins demand from a broad workforce, supporting retention and steady leasing velocity. Notable nearby employers include Xerox, First American Financial, International Paper, United Technologies, and the Microsoft Technology Center.
- Xerox — corporate offices (4.85 miles)
- First American Financial — title & financial services (6.87 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging & paper products (7.12 miles)
- United Technologies — aerospace & industrial offices (8.32 miles)
- Microsoft Technology Center — technology center (8.90 miles)
510 E Orangewood Ave offers exposure to a renter-heavy Anaheim submarket with solid amenity access and resilient occupancy at the neighborhood level. Based on CRE market data from WDSuite, the area’s renter concentration is among the highest in the metro and supports a larger tenant base that can underpin leasing stability.
The 36-unit property’s 1978 vintage points to potential value-add through systems upgrades and interior renovations, which can lift competitive positioning versus newer stock. Within a 3-mile radius, population growth and rising household incomes are projected to expand the renter pool, while elevated ownership costs in Orange County tend to sustain reliance on multifamily housing. Affordability pressures and localized safety considerations remain underwriting factors, favoring disciplined rent growth assumptions and proactive resident engagement.
- Renter-heavy neighborhood supports depth of demand and occupancy stability
- Strong amenity density (restaurants/cafes) enhances resident livability and retention
- 1978 vintage offers value-add potential via targeted renovations and system upgrades
- 3-mile demographics indicate population growth and income gains supporting future leasing
- Risks: higher rent-to-income ratios and below-median safety metrics require conservative underwriting