| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 51st | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10941 Acacia Pkwy, Garden Grove, CA, 92840, US |
| Region / Metro | Garden Grove |
| Year of Construction | 1979 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10941 Acacia Pkwy Garden Grove Multifamily Investment
Neighborhood fundamentals point to steady renter demand and tight occupancy at the submarket level, according to WDSuite’s CRE market data, with elevated ownership costs in Orange County reinforcing reliance on multifamily rentals.
Located in Garden Grove’s Urban Core, the neighborhood rates B+ and is competitive among Anaheim–Santa Ana–Irvine neighborhoods (ranked 165 of 516). Amenity access is a relative strength, with dining, groceries, pharmacies, and childcare density placing the area in the top quartile nationally, supporting day-to-day convenience for residents and reducing friction for leasing.
Neighborhood occupancy is high and comparatively stable for the metro, with the neighborhood-level rate above many U.S. areas (nationally around the 71st percentile). Renter-occupied housing makes up a little over half of neighborhood units (about 51%), indicating a deep tenant base that supports multifamily absorption and retention. These metrics are measured for the neighborhood, not the property.
Within a 3-mile radius, household counts have edged higher even as population has softened modestly over the last five years, implying smaller household sizes and a broader renter pool. Projections indicate additional household growth and decreasing average household size over the next five years, which can translate into more renters entering the market and support for occupancy stability.
Home values in the neighborhood are elevated relative to national norms, and the value-to-income profile sits in a high national percentile. In investor terms, a high-cost ownership market tends to reinforce rental demand and can aid lease retention and pricing power, particularly for well-managed workforce-oriented assets.
Average school ratings trend above the national median, which can bolster neighborhood livability for family renters and support longer tenures in multifamily communities.
Safety trends compare favorably versus many U.S. neighborhoods, with overall crime at a stronger national percentile and the area ranking competitive among 516 metro neighborhoods. Recent estimates show property-related offenses trending lower year over year, while violent incidents ticked up slightly; investors should view this as a mixed but generally stable backdrop that warrants routine monitoring.
All safety references here describe neighborhood-level conditions rather than the property itself. Interpreting the data: a higher national percentile indicates safer conditions compared with neighborhoods nationwide, and ranks are framed relative to the Anaheim–Santa Ana–Irvine metro’s 516 neighborhoods.
The employment base nearby blends manufacturing, technology, and financial services, supporting renter demand through diverse, commutable jobs. The following employers within roughly 5–10 miles are relevant to workforce housing and leasing stability in this submarket.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (5.1 miles)
- Xerox — document technology & services (6.1 miles)
- First American Financial — title & financial services (6.9 miles) — HQ
- Microsoft Technology Center — technology (9.0 miles)
- Western Digital — data storage (9.4 miles) — HQ
The neighborhood surrounding 10941 Acacia Pkwy combines tight occupancy, strong amenity density, and a renter concentration just over half of housing units, supporting a resilient tenant base. Elevated ownership costs in this part of Orange County further sustain reliance on rentals, and within a 3-mile radius, rising household counts alongside smaller household sizes point to continued demand for multifamily units. According to CRE market data from WDSuite, neighborhood occupancy sits above national averages, and amenities rank among the top quartile nationally—favorable signals for leasing performance.
The investment case centers on stable renter demand, workforce-oriented appeal, and the pricing power that can accompany a high-cost ownership environment. Risk management should focus on affordability pressure (rent-to-income considerations) and careful monitoring of macro trends, as local population has softened even while household counts edge higher.
- Tight neighborhood occupancy and deep renter base support leasing stability
- Amenity-rich Urban Core location ranks competitively within the metro
- Elevated ownership costs in Orange County reinforce sustained rental demand
- 3-mile radius shows increasing household counts and smaller household sizes, expanding the renter pool
- Risk: affordability pressure and modest population softening call for proactive lease and retention management