| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 80th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7562 Ellis Ave, Huntington Beach, CA, 92648, US |
| Region / Metro | Huntington Beach |
| Year of Construction | 1979 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7562 Ellis Ave Huntington Beach Multifamily Investment
Neighborhood occupancy trends in the mid-90s and elevated ownership costs point to steady renter demand, according to WDSuite’s CRE market data. A roughly even split of renter-occupied housing units supports a deep tenant base and leasing resilience.
Positioned in Huntington Beach within the Anaheim–Santa Ana–Irvine metro, the property benefits from a high-performing neighborhood (A+ rating) that is competitive among 516 metro neighborhoods. Strong amenity access stands out: grocery and restaurant density measure in the top quartile nationally, while pharmacies are particularly abundant, reinforcing daily convenience that supports retention.
Renter dynamics are favorable for multifamily investors. Approximately half of local housing units are renter-occupied, indicating a substantial renter concentration and a broad leasing pool. Neighborhood occupancy sits in the mid-90s, above national medians, which can underpin cash flow stability through cycles.
Within a 3-mile radius, demographic statistics show modest recent population change but an increase in households, with forecasts calling for further household growth alongside slightly smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability and lease-up velocity for well-positioned product.
Ownership remains a high-cost proposition in this pocket of Orange County. Elevated home values relative to income sustain reliance on rental housing, which can aid pricing power and lease retention for quality units. Median contract rents are high versus national norms, but rent-to-income levels trend manageable for the area, suggesting balanced affordability pressure for qualified renters.
The asset’s 1979 vintage is slightly older than nearby stock. Investors should underwrite ongoing capital planning and modernization, with potential to capture value-add upside through targeted renovations to remain competitive against newer properties.
Safety indicators compare favorably to national norms, with the neighborhood positioned above the national average overall. Violent offense metrics benchmark in the top quartile nationally, which supports resident appeal and lease retention.
Property offense positioning is comparatively strong, though recent year-over-year readings show an uptick. Investors should monitor trendlines and engage standard security and site-management practices. Relative to the Anaheim–Santa Ana–Irvine region, the area is competitive among 516 metro neighborhoods on safety, based on WDSuite’s data.
Nearby corporate anchors provide diversified white-collar employment and practical commute access, supporting renter demand and retention. Notable concentrations include International Paper (packaging), First American Financial (title and financial services), Pacific Life (insurance), Prudential (financial services), and Western Digital (data storage).
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (7.6 miles)
- First American Financial — title & financial services (7.9 miles) — HQ
- Pacific Life — life insurance (8.6 miles) — HQ
- Prudential — financial services (8.9 miles)
- Western Digital — data storage & technology (9.1 miles) — HQ
7562 Ellis Ave pairs strong neighborhood fundamentals with a renter base supported by high-cost homeownership in central Huntington Beach. According to CRE market data from WDSuite, neighborhood occupancy runs in the mid-90s and roughly half of housing units are renter-occupied, signaling depth of demand and potential for stable collections. Elevated local incomes alongside manageable rent-to-income levels further support retention for quality units.
Built in 1979, the property may benefit from targeted upgrades to remain competitive versus slightly newer nearby stock. Household growth within a 3-mile radius and a projected expansion of higher-income cohorts point to a larger tenant base over the next cycle, reinforcing demand for well-located multifamily assets in this amenity-rich corridor.
- Mid-90s neighborhood occupancy and substantial renter concentration support durable leasing
- Elevated home values sustain rental demand and can aid pricing power
- 1979 vintage offers value-add potential via selective renovations and systems upgrades
- Amenity-rich location with diversified employers supports retention and leasing velocity
- Risks: monitor recent property offense uptick and plan for ongoing capital needs