| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 77th | Good |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16900 Algonquin St, Huntington Beach, CA, 92649, US |
| Region / Metro | Huntington Beach |
| Year of Construction | 1975 |
| Units | 66 |
| Transaction Date | 1999-06-02 |
| Transaction Price | $8,230,000 |
| Buyer | GARDEN OAKS LLC |
| Seller | HB ALGONQUIN PARTNERS LLC |
16900 Algonquin St, Huntington Beach Multifamily Opportunity
Neighborhood-level indicators point to resilient renter demand and strong occupancy in this Huntington Beach submarket, according to WDSuite’s CRE market data. These are neighborhood statistics, not property performance, but they suggest stability for a 66-unit asset positioned to serve a deep tenant base.
The neighborhood rates B+ and sits above the metro median overall (rank 191 of 516). WDSuite’s CRE market data indicates neighborhood occupancy is high and trending positively, supporting leasing stability for professionally managed assets. These are neighborhood metrics rather than property results.
Livability is underpinned by strong park access (top quartile nationally) and abundant pharmacy coverage (also top quartile nationally), while dining density is competitive among Anaheim–Santa Ana–Irvine neighborhoods. Immediate cafe and grocery counts are thinner within the neighborhood, so residents typically tap adjacent corridors for daily conveniences.
Tenure data shows a high share of renter-occupied housing units in the neighborhood (ranked in the upper tier locally), signaling depth in the tenant pool and potential demand resilience for multifamily. At the same time, elevated home values at the neighborhood level relative to national norms reinforce reliance on rental options, which can aid lease retention and pricing power for well-maintained communities.
Construction year for the property is 1975 versus a neighborhood average near the late 1970s, implying modest age-related capital planning. For investors, that can translate into targeted value-add opportunities—interiors, common areas, and systems—while competing effectively against older stock.
Relative to 516 metro neighborhoods, overall safety stands above the metro median, and the neighborhood rates in a stronger national percentile for violent offenses (safer than most areas nationwide). These are neighborhood-level indicators, not property-specific conditions.
Recent data also shows a year‑over‑year uptick in property offenses at the neighborhood level. Investors may wish to account for this trend with security posture, lighting, and access control strategies that support resident retention.
Nearby corporate offices provide a steady white-collar employment base that supports renter demand and commute convenience for residents, including International Paper, Molina Healthcare, Time Warner Business Class, First American Financial, and Pacific Life.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (6.1 miles)
- Molina Healthcare — healthcare insurer (9.3 miles) — HQ
- Time Warner Business Class — telecommunications (10.6 miles)
- First American Financial Corporation — title & financial services (11.0 miles)
- Pacific Life — insurance & investment management (12.0 miles) — HQ
Positioned in Huntington Beach with a 1975 vintage and average unit sizes near 900 sf, the property targets a deep renter base supported by neighborhood-level occupancy strength and a high concentration of renter-occupied housing units. Elevated ownership costs in the area tend to sustain reliance on multifamily, which can support retention and steady pricing for well-kept assets.
According to CRE market data from WDSuite, the neighborhood ranks above the metro median overall, with top‑quartile access to parks and strong dining density. While amenities like cafes and groceries are thinner within the immediate neighborhood, proximity to major employment nodes and corporate offices helps diversify demand. Investors should plan for age‑related CapEx and monitor neighborhood property‑offense trends as part of risk management.
- High neighborhood occupancy and deep renter pool support leasing stability (neighborhood metrics)
- 1975 vintage offers value‑add potential through targeted renovations and systems upgrades
- Elevated ownership costs locally reinforce multifamily demand and potential retention
- Parks and dining access strengthen livability, aiding renter appeal
- Risks: amenity gaps (cafes/groceries) nearby and recent property‑offense uptick warrant active asset management