| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 36th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7731 Trask Ave, Westminster, CA, 92683, US |
| Region / Metro | Westminster |
| Year of Construction | 1972 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7731 Trask Ave Westminster Multifamily Investment
Neighborhood fundamentals point to durable renter demand and tight occupancy in Westminster, according to WDSuite’s CRE market data, supporting stable operations for a 52-unit asset.
Located in Orange County’s Anaheim–Santa Ana–Irvine metro, the neighborhood rates C+ and is competitive among metro neighborhoods (ranked 346 of 516). Local occupancy trends are strong and sit in the upper tier of the market (ranked 135 of 516; top-quartile nationally by percentile), signaling steady leasing velocity for multifamily.
Everyday convenience is a strength: grocery access scores in the 99th percentile nationwide and pharmacies and parks both sit in the low-90s percentiles. Restaurant density is also above national norms. By contrast, cafes and childcare options are limited in this immediate pocket, which may modestly affect lifestyle appeal for some renter cohorts.
The property’s 1972 vintage is slightly older than the neighborhood average (1978). For investors, this implies potential capital planning around building systems and an avenue for value-add upgrades to enhance competitive positioning versus newer stock.
Tenure data indicates a deep renter pool: about 59% of housing units in the neighborhood are renter-occupied (ranked 90 of 516; high national percentile), reinforcing multifamily demand and supporting occupancy stability. Within a 3-mile radius, households have grown even as population edged down, reflecting smaller household sizes and a potential shift toward rental housing — dynamics that can sustain demand for well-managed apartments.
Ownership costs are elevated for the area (home values in the mid-90s national percentile and value-to-income in the 90s), which generally reinforces reliance on rental housing and can support pricing power. At the same time, a rent-to-income ratio around 0.30 suggests some affordability pressure, making resident retention and lease management important focus areas.
Safety outcomes in this neighborhood trend below national percentiles overall, and the area ranks in the lower half among 516 metro neighborhoods. Investors should underwrite to property-level security and operational best practices rather than assume metro-wide norms.
Recent movement is mixed: property offenses have declined year over year, a constructive signal, while violent offense measures have been more stable. These are neighborhood-level indicators rather than property-specific conditions; prudent screening, lighting, and access controls can help support resident retention and operational stability.
Proximity to diverse employers supports a broad renter base and commute convenience, with concentrations in packaging, telecom, title & data services, document technology, and auto parts distribution.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (2.9 miles)
- Time Warner Business Class — telecom services (8.0 miles)
- First American Financial Corporation — title & data services (9.0 miles)
- Xerox — document technology (9.0 miles)
- First American Financial — title & data services (9.0 miles) — HQ
This 52-unit, 1972-vintage asset benefits from a renter-heavy neighborhood, strong grocery and service proximity, and competitive occupancy relative to the Anaheim–Santa Ana–Irvine metro. Elevated ownership costs in the area tend to reinforce reliance on multifamily, supporting pricing power when paired with disciplined lease management. Based on CRE market data from WDSuite, neighborhood occupancy trends are above metro medians, underscoring stability for well-operated assets.
Within a 3-mile radius, household counts have increased while average household size has trended lower, pointing to a sustained renter pool and steady leasing depth. The older vintage also presents an avenue for value-add renovations and targeted system upgrades to enhance performance against newer comparables.
- Competitive neighborhood occupancy supports stable leasing
- Renter concentration and high ownership costs deepen multifamily demand
- 1972 vintage offers value-add and capital planning opportunities
- Strong access to daily-needs amenities (grocery, parks, pharmacies)
- Risks: affordability pressure and below-average safety metrics warrant focused operations