| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 38th | Poor |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 644 S Knott Ave, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1974 |
| Units | 58 |
| Transaction Date | 1996-11-12 |
| Transaction Price | $2,408,500 |
| Buyer | HAMILTON ANAHEIM ASSOCIATES LP |
| Seller | TRINIDAD PORT |
644 S Knott Ave Anaheim Multifamily Investment
Neighborhood occupancy trends sit above the metro median, supporting stable leasing dynamics for a 58-unit asset in Anaheim, according to WDSuite’s CRE market data.
The property sits in an Urban Core neighborhood with a B+ rating, positioned 166 out of 516 Anaheim–Santa Ana–Irvine metro neighborhoods. That places it above the metro median and competitive for investors screening infill locations. Amenity access is a relative strength: restaurant, cafe, grocery, and pharmacy densities benchmark in the mid-80s to high-90s national percentiles, helping sustain renter appeal and day-to-day convenience.
Renter demand indicators are constructive. Neighborhood occupancy is in the 82nd national percentile and ranks 216 of 516 locally (above the metro median), aligning with historically steady absorption. The renter-occupied share of housing units is elevated (97th percentile nationally), signaling a deep tenant base that supports renewal velocity and mitigates downtime, particularly for mid-size assets.
Within a 3-mile radius, household counts have risen even as population edged down slightly, and forecasts point to further household growth alongside smaller average household sizes. This typically expands the renter pool and supports occupancy stability for well-located multifamily. Median incomes have trended higher and are projected to continue rising, which can underpin rent levels where product quality and management execution are strong.
Ownership costs are high by national standards (home values in the low-90s national percentile; value-to-income near the top of U.S. neighborhoods). In practice, that high-cost ownership market sustains reliance on rental housing, favoring lease retention for competitive multifamily stock. Average school ratings around 3 of 5 (61st percentile nationally) suggest adequate options for family renters, adding breadth to the demand profile.
Safety metrics are mixed relative to peers. The neighborhood’s crime rank is 455 out of 516 within the Anaheim–Santa Ana–Irvine metro, indicating it trails much of the region on safety. Nationally, overall crime benchmarks in the lower quartile, while property offense sits near the national midpoint and violent offense reads below average. Recent year-over-year readings indicate increases in reported offenses; investors should weigh this with on-site security, lighting, and access controls, and evaluate block-level patterns over time.
For underwriting, consider how safety perceptions may influence leasing velocity and achievable rents versus stronger-ranked submarkets, and incorporate operational measures that can bolster resident experience and retention.
Nearby corporate nodes provide a diversified employment base that supports renter demand and commute convenience, notably in packaging, telecom services, auto parts distribution, and defense-related offices via International Paper Cypress Retail Packaging, Time Warner Business Class, LKQ, Raytheon Public Safety RTC, and International Paper.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (1.6 miles)
- Time Warner Business Class — telecom services (4.4 miles)
- LKQ — auto parts distribution (6.3 miles)
- Raytheon Public Safety RTC — defense & aerospace offices (9.5 miles)
- International Paper — paper & packaging corporate (10.0 miles)
644 S Knott Ave benefits from infill fundamentals: above-median neighborhood occupancy within the Anaheim–Santa Ana–Irvine metro, dense amenities that score in high national percentiles, and a renter-occupied housing profile that indicates a deep tenant base. High ownership costs in the area reinforce reliance on rental housing, which can support retention and pricing power for well-managed, mid-sized assets. These dynamics are consistent with commercial real estate analysis from WDSuite indicating durable renter demand across similar Urban Core pockets.
Within a 3-mile radius, household counts have grown and are projected to expand further even as average household size trends lower, effectively widening the renter pool. Near-term leasing should benefit from convenience retail and services, while the primary risk centers on affordability pressure—rent-to-income ratios are elevated locally—requiring disciplined lease management and product positioning to sustain occupancy and collections.
- Above-median neighborhood occupancy supports stable leasing and renewal capture.
- High amenity density and Urban Core location enhance renter appeal and everyday convenience.
- Elevated home values sustain rental demand, aiding retention and pricing power.
- 3-mile household growth and smaller household sizes point to a larger renter pool.
- Risk: Affordability pressure and safety rankings may temper rent growth; proactive operations and positioning are important.