| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Poor |
| Demographics | 22nd | Poor |
| Amenities | 49th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12171 Trask Ave, Garden Grove, CA, 92843, US |
| Region / Metro | Garden Grove |
| Year of Construction | 1976 |
| Units | 26 |
| Transaction Date | 2003-09-22 |
| Transaction Price | $3,600,000 |
| Buyer | WEYMAR U ROBERT |
| Seller | OLMSTED RUTH C |
12171 Trask Ave Garden Grove Micro-Unit Investment
Neighborhood-level occupancy is high and renter concentration is substantial, supporting depth of demand for smaller units, according to WDSuite’s CRE market data.
Situated in Garden Grove within the Anaheim–Santa Ana–Irvine metro, the property benefits from strong neighborhood-level occupancy (top quartile nationally) and a high share of renter-occupied housing units, signaling a broad tenant base. These metrics reflect neighborhood conditions, not the property, and are drawn from CRE market data from WDSuite.
Everyday convenience skews toward food-and-beverage density: restaurants sit near the 99th percentile nationally and cafés also index high, while childcare access is competitive. By contrast, grocery, parks, and pharmacies are sparse within the immediate neighborhood, which can influence resident shopping patterns but does not typically deter leasing when dining and services are close by.
Within a 3-mile radius, households have grown despite modest population contraction, and forecasts indicate further household growth alongside smaller average household sizes. For investors, that points to more, smaller households entering the renter pool, which can support occupancy stability and steady leasing for compact floor plans.
Median contract rents in the 3-mile radius have trended upward and are projected to continue rising, which can sustain pricing power for well-managed assets. At the neighborhood level, rent-to-income suggests some affordability pressure, emphasizing the importance of renewal management and targeted concessions to protect retention.
Safety indicators are mixed when compared nationally. Overall crime is modestly better than the national median, while violent-offense levels track around the national midpoint. Property-offense rates, however, benchmark in the top quartile nationally for safety, and the most recent year shows a notable improvement in property offenses. Year-over-year violent-offense readings appear volatile, so investors should monitor trend direction rather than any single data point.
The area draws from a broad Orange County employment base that supports renter demand through commute convenience and diversified office employment, including Xerox, First American Financial, INTERNATIONAL PAPER, Microsoft, and Prudential.
- Xerox — corporate offices (4.6 miles)
- First American Financial — title & insurance services (5.6 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging offices (6.6 miles)
- Microsoft Technology Center — technology/customer solutions (7.7 miles)
- Prudential — financial services (7.8 miles)
12171 Trask Ave is a 26-unit asset with compact average unit sizes (~350 sq. ft.), aligning with demand for efficient, attainable rentals in central Orange County. Neighborhood occupancy is strong and renter concentration is high, supporting leasing depth for studios and micro-units. Built in 1976, the property is newer than much of the area’s mid-century stock, yet age still suggests selective modernization and systems upgrades could unlock value-add upside. According to CRE market data from WDSuite, surrounding household formation within 3 miles has been increasing and is expected to continue, which can support tenant demand even as population growth moderates.
Operationally, upward rent trends in the 3-mile radius and limited nearby grocery and pharmacy options point to a resident profile that prioritizes proximity to jobs, restaurants, and services over daily retail walkability. Investors should balance this demand backdrop with resident affordability considerations and plan for targeted capital to maintain competitiveness against newer product.
- High neighborhood occupancy and strong renter concentration support leasing stability
- Compact unit mix targets deep renter pool seeking efficient housing
- 1976 vintage offers value-add potential via modernization and energy/system upgrades
- Rising 3-mile rents and household growth underpin revenue management opportunity
- Risks: resident affordability pressure, limited immediate grocery/pharmacy options, and the need to monitor safety trends over time