| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 35th | Poor |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 S Beach Blvd, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1979 |
| Units | 30 |
| Transaction Date | 2017-03-08 |
| Transaction Price | $2,171,000 |
| Buyer | COBBLESTONE 2016 LP |
| Seller | SAW COBBLESTONE LLC |
900 S Beach Blvd Anaheim Multifamily Investment
Neighborhood fundamentals show resilient renter demand and steady occupancy, with neighborhood occupancy around the mid‑90s according to WDSuite’s CRE market data. For investors, this points to stable cash flow potential in Anaheim’s Urban Core location.
Situated in Anaheim’s Urban Core, the property benefits from a dense amenity base and strong day‑to‑day convenience. The neighborhood’s amenity access ranks competitive among 516 metro neighborhoods and sits in the top quartile nationally, with restaurants and grocery options especially dense. This level of proximity typically supports leasing velocity and retention for workforce‑oriented assets.
The area shows a high renter concentration, with roughly seven in ten housing units renter‑occupied. For multifamily owners, that depth of renter‑occupied stock indicates a large tenant base and supports demand stability across cycles. Neighborhood occupancy is above many U.S. submarkets, reinforcing potential for consistent performance through normal turns.
Vintage context: the asset was built in 1979, somewhat newer than the neighborhood’s average construction year. This positioning can be competitively favorable versus older stock, while still leaving room for targeted system upgrades or common‑area refreshes to enhance rentability and operating efficiency.
Within a 3‑mile radius, demographics indicate a slight population dip in recent years but an increase in households, implying smaller household sizes and a broader leasing pool. Forward‑looking projections point to continued household growth and income gains, which can translate into a larger tenant base and support for occupancy stability and rent collections over time. Elevated home values relative to incomes at the neighborhood level suggest a high‑cost ownership market, which tends to reinforce reliance on multifamily rentals and can aid pricing power when managed carefully.
Safety trends should be considered in context. Relative to 516 metro neighborhoods, this area sits below the metro median for safety and below national averages; however, recent data shows a meaningful year‑over‑year decline in property offenses, a favorable trend for operators monitoring resident experience and retention.
Investors may want to underwrite with realistic assumptions around security measures and community management, while acknowledging the improving direction in property offense rates. Comparative positioning versus the metro remains mixed, but the downward trend is a constructive signal to track in ongoing operations.
Nearby employers span packaging, telecom, auto parts distribution, aerospace/defense, and document technology — a diversified employment base that supports commuter convenience and renter demand for workforce housing.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (2.2 miles)
- Time Warner Business Class — telecom/business services (5.3 miles)
- LKQ — auto parts distribution (6.9 miles)
- United Technologies — aerospace offices (9.9 miles)
- Xerox — document technology/services (10.1 miles)
This 30‑unit, 1979 multifamily asset aligns with a neighborhood characterized by high renter concentration and steady occupancy. According to CRE market data from WDSuite, the neighborhood’s occupancy is elevated versus many U.S. areas and the amenity base is strong by national comparison, supporting leasing durability. The asset’s slightly newer‑than‑local‑average vintage can be a competitive edge against older stock, while selective modernization offers potential to enhance rentability and operating margins.
Within a 3‑mile radius, household counts have increased despite a modest population dip, indicating smaller household sizes and a broader tenant pool — a setup that can support rent growth management and occupancy stability. Elevated home values relative to incomes at the neighborhood level indicate a high‑cost ownership market, which typically sustains multifamily reliance and helps underpin pricing power, provided operators manage affordability pressure thoughtfully.
- Neighborhood occupancy and renter depth support stable demand and retention
- 1979 vintage offers competitive positioning versus older stock with value‑add upside through targeted upgrades
- Dense amenities and diversified nearby employers aid leasing velocity and day‑to‑day livability
- High ownership costs in the area tend to reinforce reliance on rentals, supporting pricing power
- Risks: below‑average safety positioning in metro context and rent‑to‑income pressures warrant prudent underwriting and active management