| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 43rd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 910 S Webster Ave, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1974 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
910 S Webster Ave Anaheim Multifamily Investment
This 25-unit property built in 1974 offers value-add potential in a neighborhood with 96.6% occupancy rates and strong rental demand fundamentals.
The property sits in an urban core neighborhood with strong rental fundamentals, featuring a 96.6% occupancy rate that ranks in the top quartile among 516 metro neighborhoods. With 59.1% of housing units renter-occupied, the area demonstrates solid rental demand dynamics that support multifamily investment stability.
Built in 1974, this property aligns with the neighborhood's average construction year of 1979, presenting potential value-add opportunities through strategic renovations and unit improvements. The area shows resilient rental metrics with median contract rents of $1,718 and a strong net operating income per unit average of $9,021, ranking in the upper quartile nationally.
Demographics within a 3-mile radius reveal a stable tenant base with 254,076 residents and household income growth of 42% over five years. The area maintains competitive grocery store density at 6.07 per square mile, ranking in the 97th percentile nationally, while restaurant density of 14.16 per square mile supports tenant retention through walkable amenities.
Forward-looking indicators show household growth projections of 40.3% through 2028, expanding the potential renter pool and supporting sustained occupancy levels. However, investors should monitor the rent-to-income ratio of 0.28, which suggests affordability pressures that may require careful lease management and renewal strategies.
The neighborhood's safety profile presents mixed indicators that warrant careful consideration. Property crime rates of 334 incidents per 100,000 residents rank near the metro median among 516 neighborhoods, though recent trends show an 89.6% increase in property offenses over the past year.
Violent crime rates at 174 incidents per 100,000 residents place the area in the lower quartile nationally, with a concerning 223% year-over-year increase. These trends suggest investors should factor security considerations into property management strategies and tenant retention planning, while monitoring local law enforcement initiatives and community safety programs.
The area benefits from proximity to established corporate offices that provide workforce housing demand, with several major employers within commuting distance supporting tenant stability.
- INTERNATIONAL PAPER Cypress Retail Packaging — manufacturing & packaging (3.3 miles)
- Time Warner Business Class — telecommunications (6.3 miles)
- LKQ — automotive parts distribution (7.5 miles)
- United Technologies — aerospace & defense (9.0 miles)
- First American Financial — financial services (10.3 miles) — HQ
This 25-unit property presents a compelling value-add opportunity in a neighborhood with demonstrated rental demand fundamentals. According to CRE market data from WDSuite, the area maintains 96.6% occupancy rates while showing strong NOI performance in the upper quartile nationally. The 1974 construction year aligns with neighborhood averages, offering renovation upside potential to capture higher rents in a market with growing household formation.
Demographic projections within a 3-mile radius show 40.3% household growth through 2028, expanding the renter pool and supporting sustained occupancy levels. The high renter-occupied housing share of 59.1% reinforces rental demand, while proximity to established corporate employers provides workforce housing stability. However, investors should plan for potential capital improvements and monitor affordability pressures given current rent-to-income ratios.
- Strong occupancy fundamentals with 96.6% neighborhood rates ranking top quartile metro-wide
- Value-add potential through strategic renovations of 1974 vintage units
- Growing household base with 40.3% projected increase supporting rental demand
- Established corporate employer base within commuting distance
- Risk consideration: Recent uptick in crime trends requires security planning and monitoring