| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 49th | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 S Balcom Ave, Fullerton, CA, 92832, US |
| Region / Metro | Fullerton |
| Year of Construction | 1973 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
110 S Balcom Ave Fullerton Multifamily Investment
Neighborhood renter concentration and historically high occupancy support stable leasing dynamics near downtown Fullerton, according to WDSuite s CRE market data. Elevated ownership costs in Orange County further reinforce multifamily demand in this submarket.
Located in Fullerton s Urban Core, the neighborhood rates above the metro median among 516 Anaheim Santa Ana Irvine neighborhoods, with a mix of entertainment, dining, and daily-needs retail that helps underpin renter appeal. Restaurants and cafes are strong by national comparison (top quartile nationally), and grocery and park access are also comparatively competitive, while childcare options are thinner.
Multifamily conditions are supportive: neighborhood occupancy is high and has trended up modestly over the past five years, and the share of housing units that are renter-occupied is a majority. Together, these suggest a deep tenant base and comparatively steady leasing, especially for well-maintained 1960s 70s assets.
Within a 3-mile radius, recent years show modest population growth alongside faster household growth, pointing to slightly smaller household sizes and a broader renter pool. Forecasts indicate household counts continuing to rise even as population edges lower, which typically shifts demand toward apartments and smaller formats a tailwind for occupancy stability.
Home values in the neighborhood are elevated versus national norms, and median contract rents are also higher than average. For investors, a high-cost ownership market can sustain rental reliance and pricing power, while a mid-20s rent-to-income ratio suggests monitoring affordability pressure to support retention and renewal strategies. Average school ratings sit near the national midpoint, which is consistent with urban core submarkets.
Safety indicators are below both metro and national averages. The neighborhood ranks in the lower tier among 516 Anaheim Santa Ana Irvine neighborhoods, and its national standing places it in a lower safety percentile compared with neighborhoods nationwide. Recent year-over-year changes point to increases in both property and violent offenses, so operators often emphasize on-site lighting, access control, and community engagement to support tenant confidence.
Proximity to diversified employers supports workforce housing demand and commute convenience for renters, including United Technologies, International Paper s Cypress retail packaging operations, LKQ, Time Warner Business Class, and First American Financial.
- United Technologies corporate offices (4.3 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging corporate offices (7.8 miles)
- LKQ corporate offices (7.8 miles)
- Time Warner Business Class corporate offices (8.4 miles)
- First American Financial financial services (12.0 miles) HQ
This 49-unit property, built in 1973, is relatively newer than the neighborhood s older 1960s average, offering competitive positioning versus vintage peers while still presenting value-add potential through modernization of interiors and building systems. Neighborhood fundamentals including high occupancy and a majority renter-occupied housing mix support demand resilience, while elevated home values in Orange County help sustain reliance on multifamily. According to CRE market data from WDSuite, rents and amenities compare favorably at the neighborhood level, which can bolster leasing and renewal performance when paired with disciplined asset management.
Within a 3-mile radius, recent household growth outpacing population growth indicates smaller household sizes and a broader renter pool a constructive setup for multifamily absorption. Looking ahead, forecasts show households continuing to increase even if population dips modestly, which can support occupancy stability. Key considerations include below-average safety metrics and managing affordability pressure to maintain retention.
- 1973 vintage is newer than local stock, with modernization upside for interiors and systems
- High neighborhood occupancy and majority renter-occupied housing support stable leasing
- Elevated ownership costs in Orange County reinforce rental demand and pricing power
- 3-mile household growth and shrinking household size expand the renter pool
- Risks: below-average safety indicators and affordability pressure require active management