| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 44th | Poor |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12721 Garden Grove Blvd, Garden Grove, CA, 92843, US |
| Region / Metro | Garden Grove |
| Year of Construction | 2007 |
| Units | 85 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12721 Garden Grove Blvd Garden Grove Multifamily Asset
Neighborhood occupancy is elevated and renter demand is resilient in this Urban Core pocket of Garden Grove, according to CRE market data from WDSuite. For investors, the area’s stability and deep renter pool support consistent leasing while offering operational upside from thoughtful upgrades.
Positioned within the Anaheim-Santa Ana-Irvine metro, the neighborhood rates B+ (ranked 154 of 516), placing it above the metro median and signaling balanced fundamentals for multifamily. Amenity access is a clear strength: grocery options and restaurants both rank 7th of 516 neighborhoods (top quartile nationally), with pharmacies 5th and parks 27th, supporting daily convenience and lifestyle appeal that can aid leasing and retention.
The building’s 2007 vintage is newer than the neighborhood’s average 1992 stock, enhancing competitive positioning versus older assets. Investors should still plan for selective modernization as systems age, but the relative youth of the property can reduce near-term capital intensity compared with 1980s/1990s-era peers.
Renter concentration is meaningful: renter-occupied housing comprises roughly 54% of neighborhood units, indicating a deep tenant base and durable demand for apartments. Neighborhood occupancy trends are strong and above national norms, supporting leasing stability and limiting downtime between turns when managed effectively.
Demographics aggregated within a 3-mile radius show households have grown despite modest population softening, reflecting smaller average household sizes and more households entering the rental market. Looking forward, forecasts point to additional household growth with rising median incomes, which can support rent levels and reduce volatility. Elevated home values in the area create a high-cost ownership market, reinforcing reliance on multifamily rentals and supporting pricing power when paired with careful lease management.
Safety indicators are mixed and should be evaluated in context. Within the Anaheim-Santa Ana-Irvine metro, the neighborhood’s crime rank is 291 out of 516, which is around the metro median. Compared with neighborhoods nationwide, overall safety sits near mid-range, while violent and property offense measures trend more favorable on a national percentile basis.
Recent year-over-year estimates indicate some upward movement in reported offense rates, so prudent on-site measures (lighting, access control, and resident engagement) remain relevant for asset management. For investors, the takeaway is to underwrite standard security protocols and monitor trend data rather than assume block-level outcomes.
Nearby employment nodes include corporate offices in finance, technology, and manufacturing, supporting a broad commuter tenant base and aiding retention through commute convenience. The list below highlights notable employers within roughly 5–11 miles that can underpin steady renter demand.
- Xerox — corporate offices (4.5 miles)
- First American Financial — title & financial services (5.8 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — manufacturing & packaging (6.7 miles)
- Microsoft Technology Center — technology & enterprise solutions (7.9 miles)
- Western Digital — data storage & technology (8.3 miles) — HQ
This 85-unit asset benefits from location fundamentals that support occupancy stability and rent durability relative to metro peers. Based on CRE market data from WDSuite, the surrounding neighborhood shows strong amenity density and above-median performance within the metro, which typically supports leasing velocity and renewals. The 2007 construction year is newer than nearby stock, offering a competitive edge versus older assets while leaving room for targeted value-add to common areas and in-unit finishes.
Within a 3-mile radius, households have increased even as population edged down, pointing to smaller household sizes and a larger renter pool over time. Renter-occupied share in the immediate neighborhood is just over half of housing units, indicating depth of demand. Elevated ownership costs in this part of Orange County further reinforce rental reliance, supporting pricing power when paired with thoughtful affordability and renewal strategies. Investors should note mixed but manageable safety trends and underwrite standard security measures and operational oversight.
- Newer 2007 vintage versus area average, with room for targeted value-add
- Above-median neighborhood performance and strong amenity density support leasing and retention
- 3-mile household growth and meaningful renter concentration deepen the tenant base
- High-cost ownership market supports sustained apartment demand and pricing power
- Risk: mixed safety trends and rising reported offenses warrant prudent on-site measures