| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 70th | Good |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16038 Springdale St, Huntingtn Bch, CA, 92649, US |
| Region / Metro | Huntingtn Bch |
| Year of Construction | 1989 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16038 Springdale St Huntington Beach Multifamily Investment
Neighborhood occupancy is resilient and supported by a deep renter base and high-cost ownership dynamics, according to WDSuite’s CRE market data. This positioning favors stable leasing in a supply-constrained Orange County submarket.
Located in Huntington Beach within the Anaheim–Santa Ana–Irvine metro, the neighborhood rates B+ and functions as an Urban Core setting where renter demand is underpinned by strong occupancy. Based on CRE market data from WDSuite, the neighborhood’s occupancy trends sit in the top quartile nationally, indicating historically steady leasing performance for comparable assets.
Livability supports long-term renter appeal: cafes, groceries, and parks are each in the top quartile nationally, and average public school ratings trend above national norms. These amenities help sustain tenant retention and support consistent traffic for value-oriented and renovated units alike.
Within a 3-mile radius, households have grown while average household size has edged lower, pointing to more, smaller households and a broader tenant base. Over the next five years, WDSuite’s data indicates a continued increase in households even as population moderates, a pattern that typically supports renter pool expansion and occupancy stability.
Home values are elevated relative to income levels in this part of Orange County, reinforcing renter reliance on multifamily housing and supporting pricing power for well-positioned assets. The property’s 1989 construction is newer than the neighborhood’s average vintage of the late 1960s, suggesting competitive positioning versus older stock; investors should still plan for system modernization and targeted updates to capture premium demand.
Tenure dynamics further support multifamily demand: within a 3-mile radius, about half of housing units are renter-occupied, indicating a substantial renter concentration that contributes to leasing depth across product tiers.
Safety trends compare favorably at the national level: WDSuite’s data places the neighborhood in the top quartile nationwide for lower violent and property offense rates, which supports tenant retention and leasing stability. Within the Anaheim–Santa Ana–Irvine metro, overall crime levels are competitive among 516 neighborhoods, reflecting a position that is not an outlier on the high-crime end.
Recent year-over-year data show an uptick in property offenses, which merits routine risk management (lighting, access controls, and vendor coordination). Investors should monitor trajectory rather than single-year swings, as broader national comparisons remain favorable.
Proximity to diversified employers supports workforce housing demand and commute convenience, including packaging, title/financial services, telecom, healthcare, and technology. The organizations below anchor regional employment and contribute to a steady renter pipeline.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (5.0 miles)
- First American Financial — title & financial services (9.6 miles) — HQ
- Time Warner Business Class — telecom & business services (9.9 miles)
- Molina Healthcare — healthcare services (10.5 miles) — HQ
- Xerox — business services (10.6 miles)
This 61-unit 1989 asset benefits from a high-demand Orange County location where neighborhood occupancy trends rank in the upper tier nationally and home values remain elevated, reinforcing renter reliance on multifamily. According to commercial real estate analysis from WDSuite, amenity access and above-average school ratings support retention, while the property’s newer vintage versus local stock positions renovations to command premiums relative to older comparables.
Within a 3-mile radius, households have increased and are projected to continue rising even as average household size declines, widening the renter pool and supporting lease-up and renewal prospects. Investors should plan for targeted capital to modernize 1980s-era systems and to stay competitive amid steady but discerning Class B renter demand.
- Occupancy trends in the top quartile nationally support stable cash flow potential.
- Elevated ownership costs in the submarket bolster multifamily demand and pricing power.
- 1989 construction offers competitive positioning vs. older stock with value-add upside from modernization.
- Household growth within 3 miles expands the tenant base and supports leasing velocity.
- Risk: recent uptick in property offenses warrants ongoing security and operations focus.