| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 43rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 816 S Webster Ave, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1972 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
816 S Webster Ave, Anaheim Multifamily Investment
Neighborhood occupancy is steady and renter-occupied housing is prevalent, supporting durable tenant demand; according to WDSuite’s CRE market data, high-cost ownership dynamics in Anaheim further reinforce reliance on multifamily rentals.
Located in Anaheim’s Urban Core, the property benefits from a renter-oriented housing base and solid occupancy fundamentals. Neighborhood occupancy is above the metro median among 516 neighborhoods and sits in the top quintile nationally, indicating consistent leasing conditions. Renter-occupied housing represents a majority of units, which deepens the tenant pool and supports absorption for assets around 816 S Webster Ave.
Daily needs are well served: grocery access is strong (high national percentile), restaurant density is competitive, and park access is favorable. However, cafes and pharmacies are sparse in the immediate neighborhood, which suggests residents rely on nearby corridors for certain conveniences. Average school ratings are roughly middle-of-the-pack nationally, offering stable—but not standout—education options for family renters.
Home values in the neighborhood are elevated versus national norms, which sustains rental demand and can aid pricing power for well-managed assets. Median asking rents are also higher than many U.S. neighborhoods, so leasing strategies should balance revenue goals with retention, given observed rent-to-income levels. The building’s 1972 vintage is older than the neighborhood’s average construction year (1979), implying potential value-add through interior modernization and ongoing capital planning.
Within a 3-mile radius, demographics show a large consumer base with households increasing over the past five years and projected to continue expanding even as average household size trends lower. This pattern points to a broader renter pool and supports occupancy stability for workforce-oriented units, based on CRE market data from WDSuite.
Relative to the Anaheim–Santa Ana–Irvine metro, the neighborhood’s crime rank is toward the higher end (ranked 470 out of 516 neighborhoods), indicating below-average safety compared to many local peers. Nationally, safety indicators are also weaker than average, so investors should underwrite security, lighting, and operating practices accordingly.
Recent year-over-year estimates suggest increases in both violent and property offenses at the neighborhood level. While these statistics vary by block and over time, a prudent plan may include partnering with professional security vendors, reinforcing access controls, and coordinating with local community resources to support resident confidence and retention.
Proximity to a diversified employment base supports commuter convenience and renter demand, with nearby roles in packaging, telecommunications, auto parts distribution, and advanced manufacturing/engineering.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (3.3 miles)
- Time Warner Business Class — telecommunications & business services (6.2 miles)
- LKQ — auto parts distribution (7.4 miles)
- United Technologies — aerospace & manufacturing offices (8.9 miles)
- First American Financial — title & financial services (10.4 miles) — HQ
This 26-unit 1972 asset offers exposure to an Anaheim neighborhood with above-median metro occupancy and a high concentration of renter-occupied housing, which supports ongoing leasing stability. Elevated home values relative to national norms tend to reinforce reliance on multifamily, while household growth within a 3-mile radius expands the tenant base even as average household size declines. According to CRE market data from WDSuite, neighborhood rents and occupancy trends are competitive, positioning well-managed units for steady performance.
The property’s older vintage suggests clear value-add and capital planning opportunities—interior updates and system upgrades can enhance competitiveness versus newer stock. Investors should balance pricing power with retention given rent-to-income dynamics, and incorporate security and operating best practices due to weaker-than-average safety metrics at the neighborhood level.
- Renter-heavy neighborhood and above-median metro occupancy support demand durability
- Elevated local home values sustain multifamily reliance and pricing potential
- 1972 vintage provides value-add upside through modernization and select capex
- Expanding household counts within 3 miles point to a larger renter pool
- Risk: Below-average safety metrics warrant security-focused operations and underwriting