| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 77th | Good |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16922 Hoskins Ln, Huntington Beach, CA, 92649, US |
| Region / Metro | Huntington Beach |
| Year of Construction | 1974 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16922 Hoskins Ln Huntington Beach Multifamily Investment
This 26-unit property benefits from neighborhood-level occupancy rates of 98% and strong renter demand in Orange County's competitive rental market, according to CRE market data from WDSuite.
Located in Huntington Beach's urban core, this neighborhood ranks in the top third among 516 metro neighborhoods with a B+ rating. The area demonstrates strong rental fundamentals with 75.7% of housing units occupied by renters, ranking in the 98th percentile nationally and indicating robust multifamily demand.
Built in 1974, this property aligns with the neighborhood's average construction year of 1977, suggesting potential value-add opportunities through strategic renovations and unit improvements. Demographic data within a 3-mile radius shows a stable tenant base with median household income of $131,005 and 39.3% of households renting rather than owning.
Neighborhood-level occupancy reaches 98%, ranking above metro median among Orange County submarkets. Contract rents average $2,385 with 40.96% growth over five years, though investors should monitor rent-to-income ratios that rank in the lower quartile nationally, suggesting potential affordability pressure for tenant retention.
The area offers strong amenity access with pharmacy density ranking in the 99th percentile nationally and park access in the 98th percentile. However, grocery and childcare amenities are limited, which may impact tenant appeal for families with children.
Property crime rates in this neighborhood rank in the top quartile among 516 metro neighborhoods, with an estimated rate of 14.6 incidents per 1,000 residents placing it in the 86th percentile nationally for safety. Violent crime rates are notably low at 3.2 incidents per 100,000 residents, ranking 22nd among metro neighborhoods and in the 88th percentile nationwide.
Investors should note that property crime rates increased 143.6% year-over-year, though this places the neighborhood in the 9th percentile for crime increases, meaning most comparable areas experienced smaller increases. Violent crime trends show stability with a modest 2.2% decrease over the same period.
The property benefits from proximity to major corporate employers across Orange County, supporting workforce housing demand for professional tenants.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging & manufacturing (6.0 miles)
- Molina Healthcare — healthcare services (9.6 miles) — HQ
- Time Warner Business Class — telecommunications (10.6 miles)
- First American Financial Corporation — financial services (10.7 miles) — HQ
- Pacific Life — insurance (11.7 miles) — HQ
This 1974-built property offers value-add potential in a neighborhood with exceptional occupancy fundamentals and strong renter demand. The 98% neighborhood-level occupancy rate ranks above metro median, while the 75.7% renter-occupied housing share ranks in the 98th percentile nationally, indicating deep rental market penetration. Demographics within a 3-mile radius show household growth supporting tenant demand, with 39.3% of area households renting.
The property's vintage presents renovation upside opportunities to capture rent premiums in a market where contract rents have grown over 40% in five years. However, multifamily property research indicates rent-to-income ratios in the lower quartile nationally, requiring careful lease management and retention strategies to maintain occupancy.
- Neighborhood occupancy of 98% ranks above Orange County metro median
- Strong renter demand with 75.7% of housing units tenant-occupied
- Value-add renovation potential in 1974 construction vintage
- Proximity to major Orange County employers supports workforce housing demand
- Risk: Rent-to-income ratios require careful tenant retention management