| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 80th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 18832 Florida St, Huntington Beach, CA, 92648, US |
| Region / Metro | Huntington Beach |
| Year of Construction | 1973 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
18832 Florida St Huntington Beach Multifamily Investment
Positioned in an A+ neighborhood with strong amenity access and solid renter demand, this asset benefits from competitive occupancy at the neighborhood level, according to WDSuite’s CRE market data.
Huntington Beach’s Urban Core setting delivers daily convenience that supports leasing durability. The neighborhood ranks competitive among the 516 Anaheim–Santa Ana–Irvine neighborhoods for overall quality (A+ rating) and amenities, with restaurants, grocery, pharmacies, and parks all testing in the top quartile nationally. These indicators describe the neighborhood, not the property.
Neighborhood occupancy is strong (measured for the neighborhood, not the property) and sits above many U.S. submarkets, with performance in the upper third nationally. Renter-occupied housing is roughly half of units in this neighborhood, indicating a deep local tenant base and sustained interest in multifamily options.
Home values in the neighborhood are elevated relative to national norms (high national percentile and value-to-income ratio), which tends to reinforce reliance on rental housing and can support pricing power and retention for well-managed assets. Median rents in the neighborhood have grown meaningfully over the past five years, suggesting steady demand and lease-up resilience.
The property’s 1973 vintage is older than the neighborhood’s average construction year (1982). For investors, that typically points to value-add and capital planning opportunities around unit modernization, building systems, and common areas to remain competitive against newer stock. Demographic statistics aggregated within a 3-mile radius show a stable population with households projected to increase and average household size edging lower, which can expand the renter pool and support occupancy stability.
Safety indicators for the surrounding neighborhood compare favorably at the national level, with violent offenses testing in a high national percentile (safer than many neighborhoods nationwide). Property offense rates also sit in a strong national percentile, though recent year-over-year data indicates an uptick in property incidents; investors may wish to monitor trendlines and align operational practices accordingly. These safety figures reflect neighborhood trends within the Anaheim–Santa Ana–Irvine metro, not the property.
Proximity to finance, insurance, technology, and packaging employers supports a diverse employment base and commute convenience, which can aid tenant retention and leasing stability. Nearby anchors include First American Financial, International Paper, Pacific Life, Prudential, and Western Digital.
- First American Financial — financial services (7.6 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (8.0 miles)
- Pacific Life — insurance (8.1 miles) — HQ
- Prudential — financial services (8.6 miles)
- Western Digital — technology (8.8 miles) — HQ
This 56-unit asset in Huntington Beach sits in a high-performing neighborhood with strong amenity access and a renter base that is deep relative to ownership options. Neighborhood occupancy trends are in the upper tier nationally, and elevated home values in Orange County generally sustain reliance on multifamily housing, supporting pricing power and lease retention for well-maintained properties. Based on CRE market data from WDSuite, the submarket’s rent levels and amenity density point to durable demand drivers rather than transient spikes.
Built in 1973, the property presents clear value-add potential through targeted renovations and systems upgrades to compete against newer inventory. Within a 3-mile radius, household counts are projected to rise as average household size trends down, expanding the local renter pool and helping stabilize occupancy. Key risks include monitoring recent property-crime trendlines at the neighborhood level and planning for capital improvements typical of 1970s construction.
- A+ neighborhood with top-quartile amenity access supporting leasing durability
- Elevated ownership costs in Orange County reinforce multifamily demand and retention
- 1973 vintage offers value-add upside via interior and systems modernization
- 3-mile household growth and smaller household sizes expand the renter pool
- Risk: recent uptick in neighborhood property offenses and capex needs for older plant