| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 48th | Poor |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 729 S Knott Ave, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1989 |
| Units | 54 |
| Transaction Date | 2006-06-01 |
| Transaction Price | $12,867,750 |
| Buyer | Spring Lake Anaheim, LLC |
| Seller | EFI Knott LLC |
729 S Knott Ave Anaheim Multifamily Investment
This 54-unit property benefits from exceptional neighborhood occupancy rates at 98.8%, ranking in the top quartile nationally. Strong rental demand fundamentals are supported by commercial real estate analysis showing above-average household income growth within the Anaheim-Santa Ana-Irvine metro.
This Urban Core neighborhood ranks 326th among 516 metro neighborhoods with a C+ rating, demonstrating competitive fundamentals for multifamily investors. The area maintains exceptional occupancy stability at 98.8%, ranking in the top 15% nationally among neighborhoods, indicating strong rental demand and tenant retention dynamics.
Demographics within a 3-mile radius show solid income fundamentals with median household income of $97,486, up 31.8% over five years. The area maintains a balanced renter-owner split with 45.3% of housing units renter-occupied, providing a substantial tenant base. Population projections through 2028 anticipate continued household growth, supporting occupancy stability and lease-up velocity.
The 1989 construction year aligns with neighborhood averages, suggesting consistent building stock without immediate major capital expenditure pressures. Median contract rents of $2,012 reflect strong pricing power, while rent-to-income ratios indicate manageable affordability levels for tenant retention. Home values averaging $747,924 with 36.6% five-year appreciation reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Amenity density supports tenant appeal with above-average restaurant and cafe concentrations, though grocery and park access rank below metro medians. School ratings average 2.33 out of 5, which may influence family tenant demographics but aligns with urban core rental market expectations.
Safety metrics show mixed trends requiring ongoing monitoring. Property crime rates rank 97th among 516 metro neighborhoods, placing the area above median with a 59th national percentile. Notably, property crime declined 29.3% year-over-year, indicating improving conditions that support tenant retention and leasing stability.
Violent crime presents a different profile, with rates ranking 284th among metro neighborhoods at the 36th national percentile. However, investors should note the 103.8% year-over-year increase in violent crime rates, which warrants attention in lease management and security planning considerations.
The surrounding employment base features diverse corporate operations within reasonable commuting distance, supporting workforce housing demand and tenant stability.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging & manufacturing (1.5 miles)
- Time Warner Business Class — telecommunications (4.4 miles)
- LKQ — automotive parts distribution (6.4 miles)
- Raytheon Public Safety RTC — defense & aerospace (9.6 miles)
- Molina Healthcare — healthcare services (11.5 miles) — HQ
This 54-unit Anaheim property demonstrates strong occupancy fundamentals with neighborhood-level rates of 98.8% ranking in the top quartile nationally. The 1989 vintage aligns with area norms while offering potential value-add opportunities through strategic renovations. Demographics within a 3-mile radius support sustained rental demand, with household income growth of 31.8% over five years and projected continued household formation through 2028.
According to CRE market data from WDSuite, the Urban Core location benefits from above-average net operating income per unit at $8,776, ranking in the 72nd national percentile. Home values averaging $747,924 with strong appreciation reinforce rental demand as elevated ownership costs sustain multifamily housing reliance. However, investors should monitor recent violent crime increases and below-average school ratings that may influence tenant demographics.
- Exceptional occupancy stability at 98.8% neighborhood rate, top quartile nationally
- Strong household income growth of 31.8% supports rent escalation potential
- Above-average NOI per unit performance at $8,776 annually
- High home values reinforce rental demand dynamics
- Risk factor: Recent violent crime increases require security planning consideration