| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 85th | Best |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 739 Paularino Ave, Costa Mesa, CA, 92626, US |
| Region / Metro | Costa Mesa |
| Year of Construction | 1976 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
739 Paularino Ave Costa Mesa Multifamily Investment
This 50-unit property benefits from strong neighborhood-level occupancy at 93.9% and elevated home values that sustain rental demand, according to WDSuite's CRE market data.
This Costa Mesa neighborhood ranks competitively among 516 metro neighborhoods for overall investment fundamentals, with an A- rating that reflects strong demographics and housing metrics. The area maintains 67.3% renter-occupied housing units, ranking in the top quartile nationally and providing a stable tenant base for multifamily properties.
Demographics within a 3-mile radius show household income growth of 36% over five years, reaching a median of $110,267, while forecast data projects continued household formation with a 33% increase in total households by 2028. The neighborhood's 1976 construction year aligns closely with the area average of 1978, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements.
Median contract rents of $2,186 have increased 26% over five years, though rent-to-income ratios remain manageable for tenant retention. The area offers strong amenity access with 5.44 grocery stores per square mile and 50.34 restaurants per square mile, both ranking in the top quartile nationally for tenant appeal. Home values averaging $948,952 reinforce rental demand by maintaining elevated ownership costs that keep households in the multifamily market.
The neighborhood demonstrates competitive safety metrics among Orange County submarkets, ranking 211th of 516 metro neighborhoods for overall crime levels, placing it above the regional median. Property offense rates show improvement with a 50% decline over the past year, suggesting positive trend direction for investor confidence and tenant retention.
Violent crime rates remain relatively contained at 90.8 per 100,000 residents, with a notable 59% decrease year-over-year. While property crime rates require ongoing monitoring, the improving trend patterns support stable occupancy expectations and neighborhood appeal for quality tenants.
The surrounding employment base features major corporate headquarters and offices within commutable distance, supporting consistent workforce housing demand from professional tenants.
- First American Financial Corporation — financial services (2.1 miles)
- First American Financial — financial services (2.1 miles) — HQ
- Prudential — insurance (2.6 miles)
- Microsoft Technology Center — technology offices (2.8 miles)
- Western Digital — technology (2.8 miles) — HQ
This Costa Mesa property presents a stable multifamily investment anchored by strong neighborhood fundamentals and demographic growth. The 93.9% neighborhood-level occupancy rate exceeds many comparable markets, while projected household formation of 33% through 2028 supports sustained rental demand. The 1976 construction year offers potential value-add opportunities through strategic renovations and unit improvements.
High home values averaging $948,952 maintain barriers to ownership that reinforce tenant retention in the rental market. The area's top-quartile ranking for renter-occupied units (67.3%) and proximity to major employers like First American Financial and Western Digital provide employment stability for the tenant base.
- Strong neighborhood occupancy at 93.9% supports stable cash flow expectations
- Projected 33% household growth through 2028 indicates expanding tenant demand
- Elevated home values sustain rental market participation and tenant retention
- Value-add potential through renovations given 1976 construction vintage
- Risk consideration: Monitor rent-to-income ratios and property crime trends for tenant quality