| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 49th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 527 N Magnolia Ave, Anaheim, CA, 92801, US |
| Region / Metro | Anaheim |
| Year of Construction | 1987 |
| Units | 21 |
| Transaction Date | 2009-08-01 |
| Transaction Price | $3,375,000 |
| Buyer | Latikas Vilas LLC |
| Seller | 527 N. Magnolia LLC |
527 N Magnolia Ave Anaheim 21-Unit Multifamily Investment
Neighborhood occupancy is strong and renter concentration is high, supporting stable leasing fundamentals according to WDSuite’s CRE market data. Positioning a 1987-vintage, 21-unit asset here favors durable demand with potential value-add upside.
Located in Anaheim’s Urban Core, the immediate neighborhood rates B+ and is competitive among 516 metro neighborhoods (ranked 151) for overall performance, per WDSuite. Amenity access is a clear strength, with dense clusters of restaurants, cafes, groceries, and pharmacies that typically support resident retention and day-to-day convenience.
Operationally, the neighborhood’s occupancy is competitive among Anaheim-Santa Ana-Irvine neighborhoods (top 40% by rank out of 516) and renter-occupied housing is prevalent (high renter concentration by national comparison). For investors, that depth of the tenant base tends to support leasing stability and reduces downtime risk relative to lower-renter submarkets.
Within a 3-mile radius, households have grown while population edged down modestly, indicating smaller household sizes and a broader renter pool. Forecasts point to further household gains alongside income growth, which can support rent levels and occupancy over time rather than require outsized concessions. Elevated home values locally reinforce reliance on multifamily housing, a factor that can aid tenant retention and pricing power in professionally managed properties.
The property’s 1987 construction is older than the neighborhood’s average vintage (2000). That age profile suggests planning for capital expenditures and creates a value-add path through targeted renovations and systems upgrades to remain competitive against newer stock.
Safety indicators are mixed in this pocket of Anaheim. Relative to the metro, crime levels place the neighborhood below the metro median (ranked in the lower half among 516 neighborhoods). Nationally, composite safety sits below the midpoint, while property offenses track closer to national norms and have eased year over year. Recent reporting shows volatility in violent offense rates on a one-year lookback, which warrants routine monitoring and standard risk-mitigation measures.
For investors, the takeaway is pragmatic: apply typical operating practices (lighting, access controls, and resident engagement) and underwrite to neighborhood-average assumptions rather than best-in-metro outcomes, reviewing trend data periodically as part of asset management.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for workforce tenants, including packaging, telecom, automotive distribution, and industrial/aerospace operations listed below.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (3.8 miles)
- Time Warner Business Class — telecom services (5.3 miles)
- LKQ — automotive parts distribution (6.2 miles)
- United Technologies — industrial/aerospace offices (8.3 miles)
- International Paper — packaging (9.9 miles)
This 21-unit, 1987-vintage asset benefits from a deep renter pool and competitive neighborhood occupancy, supported by amenity-rich surroundings and elevated ownership costs that sustain reliance on multifamily housing. According to CRE market data from WDSuite, the area ranks competitively within the metro on occupancy and NOI per unit, aligning with a thesis centered on durable demand and steady lease-up dynamics rather than outsized volatility.
Household growth within a 3-mile radius, alongside income gains and projections for continued household formation, underpins a larger tenant base and supports rent levels over the medium term. Given the property’s older vintage relative to neighborhood averages, a targeted renovation and systems plan can unlock value-add potential and reinforce competitive positioning against newer stock.
- Competitive neighborhood occupancy and high renter concentration support leasing stability
- Amenity-dense location near diverse employers aids retention and pricing power
- 1987 vintage offers value-add potential through strategic renovations and capital planning
- Household and income trends within 3 miles expand the renter pool over time
- Risks: safety metrics below metro median and older systems; underwrite to prudent operating assumptions