| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Poor |
| Demographics | 32nd | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 950 S Gilbert St, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1984 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
950 S Gilbert St, Anaheim — 66-Unit Multifamily
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite’s CRE market data. This West Anaheim location offers daily-needs convenience and a large renter base, supporting income stability for disciplined operators engaged in commercial real estate analysis.
Positioned in Anaheim’s Urban Core, the property benefits from strong daily-needs access: grocery and pharmacy density rank high nationally, while restaurants and cafes are competitive among metro peers. These amenity patterns typically support leasing velocity and retention for workforce-oriented assets.
Neighborhood occupancy measures are solid and broadly in line with national norms, though recent years show modest softening. As context, the area’s renter-occupied share is high compared with neighborhoods nationwide, indicating a deep tenant pool that can support ongoing demand for multifamily units.
Within a 3-mile radius, household counts have grown while average household size has trended lower, signaling more, smaller households entering the market. This dynamic generally favors smaller floor plans and supports occupancy stability as the renter pool expands in terms of households even with flat-to-slightly lower population.
Ownership costs in the surrounding area are elevated by national standards, which tends to reinforce reliance on rental housing and can support pricing power, while rent-to-income metrics indicate manageable affordability pressure relative to high-cost coastal markets. Average school ratings in the immediate neighborhood are weaker, which may influence certain tenant segments, but proximity to employment and daily services helps sustain baseline demand.
Public safety metrics for the neighborhood trend near the national midpoint overall. Property offense estimates have improved markedly year over year, indicating a favorable directional shift, while violent offense measures sit below the national median, suggesting room for continued monitoring. For investors, this points to a generally stable operating context with improving trends rather than a clear outlier in either direction.
Because safety varies by block and over time, prudent underwriting should incorporate on-the-ground checks and recent comparables. At the metro level, the area is competitive among Anaheim-Santa Ana-Irvine neighborhoods rather than a top-quartile standout, reinforcing a balanced, data-driven expectation for leasing and retention.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for residents. Key employers within a practical drive include packaging, telecom, automotive distribution, document technology, aerospace/industrial, and financial services.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (3.5 miles)
- Time Warner Business Class — telecom services (6.5 miles)
- LKQ — automotive distribution (7.6 miles)
- Xerox — document technology (8.8 miles)
- United Technologies — aerospace/industrial (8.9 miles)
- First American Financial — financial services (10.1 miles) — HQ
Built in 1984, the asset is newer than much of the surrounding housing stock, offering a competitive edge versus older properties while still presenting potential to modernize systems and finishes as part of a targeted value-add plan. Neighborhood occupancy is steady and renter concentration is high relative to national benchmarks, supporting a broad tenant base and lease-up resilience. Elevated ownership costs in this part of Orange County tend to sustain rental demand, and rent-to-income metrics suggest manageable retention risk for well-managed properties.
Within a 3-mile radius, households have increased and are expected to rise further even as average household size declines, pointing to a larger, more segmented renter pool that often favors efficient unit mixes—aligned with this property’s smaller average unit size. Amenity access is strong for daily needs, and recent improvements in property offense measures add a constructive directional signal. According to CRE market data from WDSuite, neighborhood rent levels and occupancy track near national norms, indicating a stable baseline for underwriting with room for operational upside through repositioning and expense control.
- Newer-than-area stock (1984) supports competitive positioning with targeted modernization upside
- High renter-occupied share and household growth within 3 miles deepen the tenant base
- Elevated ownership costs reinforce sustained demand for rentals and lease retention
- Strong daily-needs amenities aid leasing and resident stickiness
- Risks: modest recent softening in neighborhood occupancy and below-median school ratings warrant conservative underwriting