| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Poor |
| Demographics | 42nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 955 W 19th St, Costa Mesa, CA, 92627, US |
| Region / Metro | Costa Mesa |
| Year of Construction | 1978 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
955 W 19th St Costa Mesa Multifamily Investment
Neighborhood fundamentals signal durable renter demand, with high occupancy and strong revenue performance according to WDSuite’s CRE market data. Focus is on a large renter base and amenity access that support stable operations rather than short-term speculation.
Located in Costa Mesa’s inner-suburban fabric of the Anaheim–Santa Ana–Irvine metro, the property sits in a neighborhood rated C that performs competitive among 516 metro neighborhoods on amenities and access. Grocery and dining density rank toward the high end nationally, while immediate access to parks and childcare is limited, suggesting day-to-day convenience but fewer family-oriented amenities nearby.
For investors screening multifamily, the neighborhood’s occupancy is elevated and has trended higher over the last five years, placing it in the top quartile nationally. Renter-occupied housing units make up a large share of the stock (about two-thirds), indicating a deep tenant base that can support leasing velocity and renewal stability at the neighborhood level. Median asking rents in the area have risen meaningfully over the past cycle, consistent with Orange County’s broader demand profile.
Vintage matters: the asset’s 1978 construction is newer than the neighborhood’s average vintage (1966). That relative position can enhance competitiveness versus older product, while still warranting targeted capital planning for systems modernization and value-add renovations. Neighborhood NOI per unit performs in the upper tail nationally, reinforcing revenue resiliency in this submarket based on CRE market data from WDSuite.
Demographics within a 3-mile radius point to a stable-to-growing renter pool over the next five years: households are projected to increase even as average household size trends lower, expanding the base of potential renters. High incomes in the area support pricing power, though rent-to-income ratios signal some affordability pressure that owners should incorporate into renewal strategy and lease management.
Safety trends are mixed but improving in context. At the metro level, the neighborhood’s overall crime rank sits above the median (ranked 177 among 516), aligning with an above-metro-median profile. Nationally, it falls near the safer side of average. Property-related incidents have declined sharply year over year, and violent offense rates have also eased, according to WDSuite’s CRE market data.
For investors, the takeaway is prudent risk management rather than alarm: current readings are broadly consistent with many inner-suburban Orange County locations, with recent downward momentum in incident rates that supports resident retention and leasing stability.
Nearby corporate employers provide a strong white-collar and financial-services employment base that supports renter demand and commute convenience, notably Pacific Life, Prudential, Western Digital, and First American. Proximity to these hubs can aid leasing velocity and retention among professional tenants.
- Pacific Life — insurance (3.9 miles) — HQ
- Prudential — financial services (5.9 miles)
- Western Digital — technology (6.0 miles) — HQ
- First American Financial Corporation — title & insurance (6.1 miles)
- First American Financial — title & insurance (6.1 miles) — HQ
955 W 19th St offers scale in a renter-heavy Costa Mesa location where neighborhood occupancy is elevated and NOI per unit ranks near the top nationally. The 1978 vintage is newer than the area’s average stock, positioning the asset competitively versus older product while leaving room for targeted upgrades. Within a 3-mile radius, households are projected to expand and incomes are high, supporting a durable tenant base and steady renewal prospects.
According to commercial real estate analysis from WDSuite, amenity density (grocers, dining, pharmacies) is strong for day-to-day convenience, while parks and childcare are thinner. Affordability pressure is present, so disciplined lease management and value-focused renovations should balance pricing power with retention. Recent improvements in offense rates reduce near-term risk, but ongoing monitoring remains prudent.
- High neighborhood occupancy and top-tier NOI per unit support income stability
- Renter-occupied housing share is elevated, indicating depth of tenant demand
- 1978 vintage is newer than area average, with upside from targeted modernization
- Strong amenity access and proximity to major employers aid leasing and retention
- Risks: affordability pressure, below-average school ratings, and limited parks/childcare warrant active asset management