| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 41st | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 704 W 1st Ave, La Habra, CA, 90631, US |
| Region / Metro | La Habra |
| Year of Construction | 1987 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
704 W 1st Ave La Habra 30-Unit Multifamily
Neighborhood occupancy remains high and renter demand is deep, supported by a high-cost ownership landscape that sustains pricing power, according to WDSuite’s CRE market data.
This Urban Core neighborhood in La Habra carries a B rating and sits above the metro median among 516 Anaheim–Santa Ana–Irvine neighborhoods, signaling balanced fundamentals that favor consistent leasing. Neighborhood multifamily occupancy is strong and sits in the top quartile among 516 metro neighborhoods, comparing well to broader metro and national patterns.
Livability supports renter retention: parks density is in the top tier nationally, and food-and-beverage access (restaurants and cafes) ranks well above national averages. Childcare availability is also a relative strength. One gap to note is limited pharmacy presence in the immediate area, which may modestly affect convenience but is unlikely to be a primary leasing driver.
Tenure data shows a high share of renter-occupied housing units within the neighborhood (61.4%), pointing to a sizable tenant base and stable multifamily demand. Median home values are elevated versus national norms, which tends to reinforce renter reliance on multifamily housing and can support lease retention and pricing discipline for well-managed assets.
Within a 3-mile radius, demographics indicate population stability with a slight uptick in households and a gradual reduction in average household size over time. This shift typically enlarges the renter pool and supports occupancy stability. School ratings average around mid-levels, adequate for workforce housing while not the primary driver of demand. Rent levels have trended upward over five years and are projected to continue rising, consistent with broader Orange County dynamics and supportive of near-term revenue management for competitive assets.
Safety trends compare favorably in a regional context. Neighborhood indicators for lower violent and property offenses fall in the top quintile nationally, and recent data shows year-over-year declines, with property incidents down sharply and violent offenses edging lower. These trends, measured at the neighborhood level and benchmarked against nationwide peers, suggest conditions supportive of renter retention and consistent site operations.
As always, investors should underwrite with current, property-level information and consider submarket variations within the Anaheim–Santa Ana–Irvine metro. Comparative positioning is a useful guide, but block-level conditions can differ from neighborhood aggregates.
Nearby corporate offices provide a diversified employment base that supports commuter demand and leasing stability, including auto parts distribution, aerospace/industrial, telecom services, and electric utilities.
- LKQ — auto parts distribution (5.2 miles)
- United Technologies — aerospace/industrial (5.5 miles)
- International Paper — packaging & paper (7.1 miles)
- Time Warner Business Class — telecom services (7.5 miles)
- Edison International — electric utility (11.2 miles) — HQ
Built in 1987, the property is newer than the neighborhood’s average vintage, which can enhance competitive positioning versus older stock while still allowing room for targeted modernization and value-add programming. Elevated neighborhood occupancy and a high share of renter-occupied units point to depth of demand, and the high-cost ownership market supports pricing power and lease retention for well-managed assets, according to CRE market data from WDSuite.
Within a 3-mile radius, households are edging higher while average household size trends down, implying a larger renter pool over time. Rents have moved up historically and are projected to continue growing alongside solid local amenities and proximity to diversified employers, reinforcing an underwriting case focused on steady cash flow with selective capital improvements.
- Newer 1987 vintage vs. area average, with potential for targeted renovations and operational upgrades
- Strong neighborhood occupancy and substantial renter-occupied housing share support demand stability
- High-cost ownership environment reinforces renter reliance and pricing discipline for quality assets
- Risks: limited pharmacy access nearby and generally stable (not rapidly expanding) population call for disciplined leasing and retention management