| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 43rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 721 S Webster Ave, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | 1996-07-15 |
| Transaction Price | $487,500 |
| Buyer | KIM YONG JA |
| Seller | KIM JAMES J |
721 S Webster Ave Anaheim Multifamily Investment
Neighborhood-level occupancy remains resilient with a high share of renter-occupied units, supporting stable leasing, according to WDSuite’s CRE market data. Elevated ownership costs in Anaheim’s Urban Core further sustain rental demand.
Situated in Anaheim’s Urban Core, the property benefits from neighborhood fundamentals that favor multifamily demand. The area’s occupancy is above national norms and the share of renter-occupied housing is elevated, indicating a deep tenant base and supportive renewal dynamics based on CRE market data from WDSuite. With a 1972 construction year versus a neighborhood average from the late 1970s, investors should plan for capital projects while also evaluating value-add or modernization to enhance competitive positioning.
Livability drivers are anchored by everyday convenience: grocery access sits in the top quartile nationally, and restaurants are also top quartile, helping sustain renter appeal and lease retention. Park access is comparatively strong as well. By contrast, pharmacies and cafes/childcare are limited locally, which slightly tempers amenity breadth but does not materially detract from daily-needs access.
Education quality trends near the national middle, suggesting broadly serviceable school options without being a primary draw for premium rents. Home values in the neighborhood are elevated relative to most U.S. areas, a high-cost ownership context that tends to reinforce reliance on multifamily housing and can support pricing power. At the same time, rent-to-income metrics point to affordability pressure in some segments, making disciplined lease management and renewal strategies important for retention.
Demographic statistics aggregated within a 3-mile radius show households have increased in recent years even as average household size edged lower, expanding the local renter pool. Forecasts point to a continued increase in households over the next five years, which supports occupancy stability and absorption potential for well-positioned assets.
Safety indicators for the neighborhood trend below national medians, with recent data indicating higher-than-typical property and violent offense rates compared with many U.S. neighborhoods. Conditions can vary by block and over time; investors often mitigate exposure through standard measures such as lighting, access controls, and proactive on-site management.
Within the Anaheim-Santa Ana-Irvine metro context, trends should be evaluated alongside leasing strategy and unit mix, as safety perceptions can influence marketing timelines and retention, particularly for value-add repositioning. Monitoring updated local reports and comparing against similarly situated Urban Core neighborhoods can help calibrate assumptions.
Proximity to a diversified employment base supports renter demand and commute convenience, anchored by packaging, communications, auto parts distribution, diversified industrial, and title/financial services employers noted below.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (3.3 miles)
- Time Warner Business Class — communications services (6.2 miles)
- LKQ — auto parts distribution (7.4 miles)
- United Technologies — diversified industrial offices (8.9 miles)
- First American Financial — title & financial services (10.4 miles) — HQ
721 S Webster Ave is a 36-unit 1972 vintage asset positioned in an Urban Core neighborhood where renter concentration and occupancy trends support stable operations. Elevated home values in the area sustain reliance on rental housing, while grocery, restaurant, and park access test in the top quartile nationally, reinforcing day-to-day livability that can aid retention. According to CRE market data from WDSuite, neighborhood occupancy is above national norms, and rents sit at levels consistent with high-cost ownership markets, underscoring demand depth alongside the need for attentive affordability management.
The 1972 vintage is older than the neighborhood average, pointing to capital planning and value-add potential through unit upgrades, systems modernization, and curb appeal improvements. Demographic statistics aggregated within a 3-mile radius indicate growing household counts and smaller household sizes, expanding the renter pool and supporting leasing durability for well-managed assets.
- Strong renter base and above-average neighborhood occupancy support leasing stability
- Elevated home values reinforce multifamily demand and potential pricing power
- Top-quartile access to groceries, restaurants, and parks supports retention
- 1972 vintage offers value-add and systems modernization upside with targeted capex
- Risk: Safety trends below national medians and affordability pressure require active management