| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 58th | Fair |
| Amenities | 49th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9922 Broadway, Anaheim, CA, 92804, US |
| Region / Metro | Anaheim |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | 2019-02-25 |
| Transaction Price | $6,800,000 |
| Buyer | James Colombo |
| Seller | Nathan Holthouser |
9922 Broadway Anaheim Multifamily Investment
Neighborhood renter demand is deep and occupancy has remained firm at the area level, according to WDSuite’s CRE market data, supporting stable operations for a 25-unit asset in a high-cost ownership market.
Livability supports multifamily performance in this Urban Core pocket of Anaheim. Neighborhood housing metrics sit in the top quartile nationally, and average school ratings test above the national median, which can aid retention for family-oriented renters. Daily needs are convenient with grocery options and restaurants ranking among the strongest nationally, while parks, pharmacies, and cafes are comparatively limited within the neighborhood footprint.
For investors, the area’s housing utilization is a key signal: the share of housing units that are renter-occupied is elevated, indicating a sizable tenant base and dependable leasing funnel. Neighborhood occupancy has trended upward over the past five years and sits solidly above the national median, which historically supports income stability through cycles (figures refer to the neighborhood, not the property, based on CRE market data from WDSuite).
Ownership costs are high relative to incomes locally, and home values rank in the top decile nationally. This dynamic tends to reinforce reliance on rental housing, while a rent-to-income ratio near the neighborhood level suggests manageable affordability pressure for many households — a mix that can support lease retention and reduce turnover volatility.
Within a 3-mile radius, demographics show a slight population contraction alongside growth in household counts and rising household incomes over the last five years, pointing to smaller household sizes and a larger renting cohort over time. Forward-looking estimates indicate further rent growth at the area level and continued income gains, which together can underpin pricing power where unit quality and positioning are competitive.
The property’s 1989 vintage is newer than the neighborhood’s average construction year, suggesting relative competitiveness versus older stock; investors should still plan for targeted systems modernization and finishes updates to support rent positioning and durability.
Safety outcomes in this neighborhood track below the national median and are among the lower-ranked areas within the 516 neighborhoods in the Anaheim–Santa Ana–Irvine metro. Recent estimates also indicate year-over-year increases in both violent and property offenses at the neighborhood level. Investors typically account for these dynamics through security design, lighting and access controls, and resident engagement practices, and by underwriting with conservative lease-up and marketing assumptions.
Proximity to a diversified employment base supports renter demand and commute convenience, particularly for packaging, telecommunications, auto parts distribution, aerospace/industrial, and financial services workers noted below.
- INTERNATIONAL PAPER Cypress Retail Packaging — retail packaging (4.1 miles)
- Time Warner Business Class — telecommunications (6.5 miles)
- LKQ — auto parts distribution (7.3 miles)
- United Technologies — aerospace/industrial offices (8.1 miles)
- First American Financial — title insurance & services (10.5 miles) — HQ
9922 Broadway is a 25-unit, 1989-vintage asset with larger average floor plans that align with family and roommate demand profiles common in this Anaheim submarket. Neighborhood fundamentals — high renter concentration, solid occupancy, and elevated ownership costs — point to durable leasing and a deep tenant base. According to CRE market data from WDSuite, area occupancy has strengthened over the past five years while rents and incomes have advanced, supporting a thesis of steady cash flow with room for operational optimization.
The vintage is slightly newer than the neighborhood average, offering a competitive baseline versus older stock; selective capital focused on interiors, building systems, and curb appeal can position units to capture local rent growth while managing affordability-related retention. Key risks include below-median safety readings and limited park/cafe amenities in the immediate area, which argue for conservative underwriting and thoughtful resident experience investments.
- Deep renter-occupied housing base and solid neighborhood occupancy support stable leasing
- High-cost ownership market sustains multifamily demand and pricing power
- 1989 vintage with value-add potential through systems and interior upgrades
- Household growth and rising incomes within 3 miles expand the tenant pool over time
- Risk: below-median safety and limited parks/cafes warrant conservative assumptions and property-level mitigations