| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 26th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 918 W Romneya Dr, Anaheim, CA, 92801, US |
| Region / Metro | Anaheim |
| Year of Construction | 1975 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
918 W Romneya Dr Anaheim Multifamily Value-Add Opportunity
Neighborhood occupancy is in the mid-90s and renter demand is supported by a majority renter-occupied unit base, according to WDSuite’s CRE market data. For investors, this points to stable leasing fundamentals with potential to enhance performance through targeted renovations.
This Urban Core location in Anaheim offers everyday convenience with strong neighborhood amenities. Grocery access sits in the upper tier nationally while restaurants are plentiful, though cafes and pharmacies are limited. Compared with metro peers (516 neighborhoods), amenity depth is competitive and above national averages, supporting resident retention and day-to-day livability.
Rents in the surrounding area have trended upward over the past five years, and neighborhood occupancy is around the mid-90s, which supports cash flow stability for multifamily operators. The neighborhood’s renter-occupied share is about 53% of housing units, indicating a deep tenant base that can aid leasing velocity and renewal rates.
Within a 3-mile radius, demographics show modest population growth in recent years and a rise in household counts, with forecasts calling for additional household expansion even as average household size trends lower. This combination generally enlarges the renter pool and supports occupancy stability and unit absorption. Household incomes in the 3-mile area have strengthened, creating room for sustained rent levels when paired with quality and services residents value.
Home values in the neighborhood are elevated relative to incomes, and the area sits near the top decile nationally on ownership cost metrics. In investor terms, this is a high-cost ownership market, which typically sustains reliance on rental housing and can support pricing power and lease retention for well-managed assets.
Compared with other Anaheim–Santa Ana–Irvine metro neighborhoods (516 total), this neighborhood ranks toward the higher-crime end, indicating below-metro-average safety. Nationally, it falls below the median for safety. Recent data indicate a year-over-year uptick in both property and violent offenses, so investors often underwrite with attention to lighting, access control, and partnership with professional management to support resident experience.
The area draws from a diverse white-collar employment base that supports renter demand through commute convenience to nearby corporate offices, including aerospace/defense, packaging, telecom, and financial services noted below.
- United Technologies — aerospace & defense offices (5.8 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging & paper offices (6.3 miles)
- LKQ — auto parts distribution offices (7.6 miles)
- Time Warner Business Class — telecom offices (7.6 miles)
- First American Financial — title insurance & services (11.0 miles) — HQ
Built in 1975, the asset is older than the neighborhood’s average vintage, creating clear value-add and renovation angles that can modernize finishes and systems to compete with nearby stock. Neighborhood occupancy is in the mid-90s and the renter-occupied share is the majority, supporting a durable tenant base and steady leasing. Elevated ownership costs locally further reinforce reliance on rental housing, which can support retention and measured pricing power for well-managed communities.
Based on commercial real estate analysis from WDSuite, amenity access is strong enough to support daily convenience, with particularly good grocery and dining depth. Forward-looking demographics within a 3-mile radius point to rising household counts and higher incomes alongside smaller household sizes, which typically expand the renter pool and support occupancy stability. The primary risks are the property’s older systems and below-metro-average safety profile, both of which can be addressed through capital planning and professional management.
- Mid-90s neighborhood occupancy and a majority renter-occupied unit base support stable leasing
- 1975 vintage offers value-add and repositioning potential through renovations and system upgrades
- High-cost ownership market reinforces reliance on rentals, aiding retention and pricing power
- 3-mile household and income growth expand the tenant base and support occupancy
- Risks: aging systems requiring capex; safety metrics below metro average; limited cafes/pharmacies nearby