| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Good |
| Demographics | 63rd | Fair |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 137 N Orange Ave, Brea, CA, 92821, US |
| Region / Metro | Brea |
| Year of Construction | 1989 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
137 N Orange Ave Brea Multifamily Investment
This 37-unit property built in 1989 positions investors in a neighborhood ranking in the top quartile nationally for amenities and housing fundamentals. Strong rental demand is supported by 56% renter-occupied housing units and commercial real estate analysis from WDSuite indicating stable occupancy metrics above 93%.
Located in Brea's Inner Suburb neighborhood, this property benefits from exceptional amenity density that ranks 32nd among 516 metro neighborhoods, placing it in the 91st percentile nationally. The area features 15 cafes per square mile (ranking 1st metro-wide), 60 restaurants per square mile (9th metro-wide), and solid grocery and pharmacy access supporting tenant convenience and retention.
The neighborhood's housing fundamentals reflect strong multifamily demand dynamics. With 56% of housing units renter-occupied (92nd percentile nationally), the area demonstrates substantial reliance on rental housing. Current neighborhood-level occupancy stands at 93.4%, while median contract rents of $1,900 have grown 27.4% over five years. Demographics within a 3-mile radius show household income growth of 35% over five years to a median of $119,368, supporting rent growth potential.
The 1989 construction year aligns with the neighborhood average, suggesting consistent building stock without immediate capital expenditure pressures. However, investors should consider potential value-add opportunities as the property approaches its fourth decade. Home values averaging $663,370 with 25.9% five-year appreciation reinforce rental demand by limiting ownership accessibility for many households in the area.
Forward-looking demographics indicate continued multifamily demand drivers, with population growth projected within the 3-mile radius and household formation expected to increase renter pool expansion. The rent-to-income ratio of 0.23 suggests manageable affordability for tenants, supporting lease retention and renewal rates.
The neighborhood demonstrates favorable safety trends that support tenant retention and property values. Property crime rates rank 6th among 516 metro neighborhoods, placing the area in the 93rd percentile nationally for low property crime. Notably, property offense rates declined 77.5% year-over-year, representing one of the strongest improvement trends regionally.
Violent crime metrics show the neighborhood ranking 56th metro-wide with rates in the 71st percentile nationally, indicating above-average safety conditions. While violent crime saw a modest 4.7% increase year-over-year, the overall crime environment remains competitive among Orange County submarkets and supports the area's appeal to quality tenants.
The property benefits from proximity to established corporate employers that provide workforce housing demand and commute convenience for tenants.
- United Technologies — aerospace & defense (2.2 miles)
- LKQ — automotive parts distribution (8.3 miles)
- Time Warner Business Class — telecommunications (10.1 miles)
- International Paper — manufacturing & packaging (10.4 miles)
This 37-unit Brea property offers investors exposure to a high-amenity Inner Suburb neighborhood with demonstrated rental demand stability. The area's 56% renter-occupied housing share and 93.4% neighborhood occupancy rate reflect strong multifamily fundamentals, while the property's 1989 vintage provides opportunities for value-add improvements without immediate major capital requirements. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for amenities and housing metrics, supporting tenant retention and lease-up velocity.
Demographic trends within the 3-mile radius show household income growth of 35% over five years, supporting rent growth potential, while projected population and household formation increases indicate continued renter pool expansion. The property's location near established corporate employers provides workforce housing appeal, though investors should monitor the rent-to-income dynamics and consider capital planning for the aging building stock.
- Strong rental demand fundamentals with 56% renter-occupied housing and 93.4% neighborhood occupancy
- Top quartile national ranking for amenities supporting tenant retention and property appeal
- Household income growth of 35% over five years within 3-mile radius supporting rent growth potential
- 1989 vintage offers value-add opportunities without immediate major capital expenditure needs
- Risk consideration: Property approaching fourth decade requires capital planning for maintenance and improvements