| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 86th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9842 Hamilton Ave, Huntington Beach, CA, 92646, US |
| Region / Metro | Huntington Beach |
| Year of Construction | 1977 |
| Units | 28 |
| Transaction Date | 1997-09-23 |
| Transaction Price | $2,425,000 |
| Buyer | FRICIONI PAUL |
| Seller | WILSON WILLIAM H |
9842 Hamilton Ave Huntington Beach Multifamily Investment
This 28-unit property benefits from neighborhood-level occupancy at 94.3% and strong renter demand in a market where median home values exceed $1.29 million, according to CRE market data from WDSuite.
Located in an A- rated neighborhood that ranks in the top quartile among 516 metro neighborhoods, this Huntington Beach inner suburb demonstrates strong multifamily fundamentals. The area maintains 94.3% occupancy with median contract rents of $2,429, reflecting stable tenant retention in a market where 41.9% of housing units are renter-occupied.
Built in 1977, this property aligns with the neighborhood's average construction year of 1970, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The area's demographic profile within a 3-mile radius shows household incomes averaging $154,382 with 44.8% of units occupied by renters, supporting sustained rental demand.
Home values averaging $1.295 million create elevated ownership costs that reinforce rental demand, while the neighborhood's 94th percentile ranking for household income nationally indicates strong tenant quality. Demographic projections through 2028 show household growth of 32.9% and median income increases to $175,090, expanding the potential renter pool. The area offers solid amenity access with 2.88 grocery stores per square mile and extensive park coverage, both ranking in top national percentiles for tenant appeal.
Property crime rates in this neighborhood register at 171 incidents per 100,000 residents annually, placing the area in the 58th percentile nationally among comparable neighborhoods. Violent crime remains notably low at 14.5 incidents per 100,000 residents, ranking in the 64th percentile nationwide and well below regional averages.
While violent crime increased 71.3% year-over-year, this metric should be interpreted cautiously given the low baseline rates. The neighborhood's overall crime ranking of 288th among 516 metro neighborhoods indicates middle-tier safety performance relative to the broader Anaheim-Santa Ana-Irvine market. Investors should monitor crime trends as part of ongoing tenant retention and property management strategies.
The property benefits from proximity to major corporate headquarters and offices that provide stable employment for the regional workforce, supporting consistent rental demand from professional tenants.
- Pacific Life — insurance headquarters (5.0 miles) — HQ
- First American Financial Corporation — financial services (6.6 miles)
- First American Financial — financial services headquarters (6.6 miles) — HQ
- Prudential — insurance offices (6.6 miles)
- Western Digital — technology headquarters (6.8 miles) — HQ
This 28-unit property built in 1977 presents a value-add opportunity in a high-barrier-to-entry Orange County market where elevated home values above $1.29 million sustain rental demand. The neighborhood maintains 94.3% occupancy with net operating income averaging $15,112 per unit, ranking in the 94th percentile nationally. Demographic trends within a 3-mile radius project 32.9% household growth through 2028, expanding the tenant base while median incomes rise to $175,090.
Commercial real estate analysis indicates strong fundamentals with the area ranking A- overall and in the top quartile among metro neighborhoods for demographics and housing metrics. The property's 1977 vintage aligns with neighborhood norms while offering potential for strategic capital improvements to capture rent premiums in a market where contract rents average $2,429.
- Neighborhood occupancy at 94.3% demonstrates tenant retention strength
- NOI per unit ranks 94th percentile nationally at $15,112 average
- High ownership costs above $1.29 million median reinforce rental demand
- 1977 construction presents value-add renovation upside potential
- Monitor rising violent crime trends for tenant retention impact