| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 76th | Good |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 630 Tamarack Ave, Brea, CA, 92821, US |
| Region / Metro | Brea |
| Year of Construction | 1980 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
630 Tamarack Ave Brea Multifamily Investment
This 96-unit property built in 1980 sits in a neighborhood ranking in the top quartile nationally for education quality and property crime improvements. The area's high renter concentration at 64.6% supports sustained multifamily property research demand amid Orange County's competitive rental market.
The property is located in Brea within a neighborhood that ranks 148th among 516 metro neighborhoods, earning a B+ rating. This area demonstrates strong fundamentals for rental housing, with 64.6% of housing units occupied by renters—ranking in the 96th percentile nationally. The neighborhood's high renter concentration, combined with a median household income of $107,472, creates a stable tenant base for multifamily operators.
Demographics within a 3-mile radius show positive trends for rental demand. The population of 92,394 has grown 5% over five years, with household formation keeping pace at 4.8% growth. Mean household income has surged 65.2% to $149,077, while median contract rents have increased 24% to $2,145. These income gains support rent growth potential while maintaining affordability ratios that keep households in the rental market rather than pushing them toward homeownership.
The neighborhood benefits from above-average amenity access, ranking in the 94th percentile nationally for grocery store density with 4.09 stores per square mile. School quality averages 4.0 out of 5, ranking in the 84th percentile nationally—a key retention factor for family renters. Construction year averaging 1997 places the building stock among the newer 81st percentile nationally, though this 1980-built property may offer value-add renovation opportunities to capture higher rents achieved by newer competing assets.
Current neighborhood occupancy stands at 94.6%, though this has declined slightly over five years, suggesting some competitive pressure from new supply or market shifts. The area's median rent of $2,239 ranks in the 95th percentile nationally, indicating strong pricing power but also potential affordability constraints that require careful lease management strategies.
The neighborhood demonstrates improving safety trends that support tenant retention and leasing velocity. Property crime rates rank 2nd lowest among 516 metro neighborhoods, placing the area in the 94th percentile nationally for property crime safety. More significantly, property crime has declined 87.2% year-over-year, ranking in the 99th percentile nationally for crime improvement—a strong positive trend for multifamily operators.
Violent crime rates present a more mixed picture, with incidents at 14.7 per 100,000 residents ranking 91st among metro neighborhoods. While this places the area in the 64th percentile nationally for violent crime safety, the trend shows a 71.5% increase year-over-year, ranking in the 22nd percentile for violent crime improvement. Investors should monitor these patterns as they can influence tenant turnover and rental premiums, though the dramatic improvement in property crime provides a strong counterbalancing factor.
The submarket benefits from proximity to established corporate offices that provide workforce housing demand, with several major employers within commuting distance supporting tenant stability.
- United Technologies — aerospace & defense (2.5 miles)
- LKQ — automotive parts distribution (8.2 miles)
- International Paper — packaging & paper products (10.1 miles)
- Time Warner Business Class — telecommunications services (10.1 miles)
- Ryder Vehicle Sales — commercial vehicle services (11.4 miles)
This 96-unit property built in 1980 presents a value-add opportunity in a high-demand rental market. The neighborhood's 64.6% renter occupancy rate ranks in the 96th percentile nationally, while commercial real estate analysis from WDSuite shows sustained rental demand supported by 5% population growth and 65.2% income gains over five years. The property's 1980 vintage offers renovation upside potential to capture rents closer to the neighborhood median of $2,239, which ranks in the 95th percentile nationally.
Forward-looking demographics indicate continued multifamily demand, with projected household growth of 36.6% through 2028 and median income rising to $157,549. The area's dramatic 87.2% reduction in property crime enhances tenant appeal, while proximity to major employers like United Technologies provides workforce housing demand. However, investors should monitor the recent uptick in violent crime and potential affordability pressures as median rents approach income thresholds.
- High renter concentration at 64.6% ranks in 96th percentile nationally
- Strong income growth of 65.2% over five years supports rent increases
- Value-add potential with 1980 vintage in newer neighborhood stock
- Property crime improvement of 87.2% enhances tenant retention
- Risk: Recent violent crime increase requires monitoring for tenant impact