| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 67th | Fair |
| Amenities | 49th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1445 N Placentia Ave, Fullerton, CA, 92831, US |
| Region / Metro | Fullerton |
| Year of Construction | 1976 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1445 N Placentia Ave Fullerton Multifamily Investment
This 78-unit property benefits from Fullerton's high rental concentration, with nearly 80% of neighborhood housing units occupied by renters according to WDSuite's CRE market data. The 1976 construction year aligns with area building stock, supporting consistent positioning within the local rental market.
Located in Fullerton's Inner Suburb neighborhood, this property operates within Orange County's established rental market. The neighborhood ranks 285th among 516 metro neighborhoods, placing it above the median for the Anaheim-Santa Ana-Irvine region. With 79.4% of housing units renter-occupied—ranking in the top quartile nationally—the area demonstrates strong rental demand fundamentals that support occupancy stability.
Demographic data aggregated within a 3-mile radius shows a stable tenant base with median household incomes of $109,972 and projected growth to $142,645 by 2028. The area's 37% share of residents with bachelor's degrees ranks in the 94th percentile nationally, indicating an educated workforce. Population projections suggest modest growth of 1% over the next five years, with household formation expected to expand by 37%, supporting continued rental demand.
The neighborhood's construction year average of 1973 closely matches this property's 1976 vintage, indicating consistent building stock without significant capital expenditure pressures from age disparities. Local amenity density includes 6.6 grocery stores per square mile (98th percentile nationally) and 29 restaurants per square mile (98th percentile), supporting tenant retention through convenience. However, childcare and park amenities are limited, which may affect family-oriented tenant appeal.
Current neighborhood-level occupancy stands at 89.5%, though this represents a slight decline from five years prior. Median contract rents of $1,974 have grown 37% over five years, indicating pricing power, while home values averaging $510,653 create elevated ownership costs that can sustain rental demand. The rent-to-income ratio of 0.40 suggests affordability pressure that requires careful lease management and retention strategies.
The neighborhood's safety profile requires consideration in investment planning, ranking 475th out of 516 metro neighborhoods and placing in the 20th percentile nationally. Property crime rates are elevated at approximately 10,351 incidents per 100,000 residents, with a concerning 101% increase over the past year. Violent crime rates are more moderate at 127 incidents per 100,000 residents, ranking in the 27th percentile nationally.
These safety metrics may influence tenant retention and leasing velocity, particularly for higher-income renters with housing alternatives. Investors should factor potential security enhancements and their associated costs into capital planning, while monitoring how crime trends affect rental demand and pricing power relative to safer submarkets in Orange County.
The property benefits from proximity to several major corporate employers that support workforce housing demand, with United Technologies leading nearby office concentrations and First American Financial anchoring the broader employment base.
- United Technologies — aerospace & defense (2.0 miles)
- LKQ — automotive parts distribution (9.6 miles)
- Xerox — business services (9.8 miles)
- First American Financial — financial services (12.7 miles) — HQ
- McKesson Medical Surgical — healthcare distribution (12.8 miles)
This 78-unit Fullerton property offers exposure to Orange County's rental-dominant market, where nearly 80% of neighborhood housing units are renter-occupied—ranking in the top quartile nationally. The 1976 construction year aligns with local building stock, minimizing capital expenditure disparities while providing potential value-add opportunities through strategic renovations. Demographics aggregated within a 3-mile radius show household growth projections of 37% over five years, expanding the potential tenant base, while elevated home values sustaining above $510,000 reinforce rental demand by maintaining ownership barriers.
However, investors must navigate safety concerns that rank the neighborhood 475th out of 516 metro neighborhoods, potentially affecting tenant quality and retention rates. According to CRE market data from WDSuite, neighborhood-level occupancy has declined slightly to 89.5%, though rent growth of 37% over five years demonstrates pricing power. The high rent-to-income ratio of 0.40 requires careful lease management to balance affordability with revenue optimization.
- Top quartile rental concentration nationally supports consistent demand
- 37% projected household growth over five years expands tenant base
- Elevated home values above $510K sustain rental market participation
- 1976 vintage offers value-add renovation potential
- Risk consideration: Safety metrics rank bottom quartile among metro neighborhoods