| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 28th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1901 W Houston Ave, Fullerton, CA, 92833, US |
| Region / Metro | Fullerton |
| Year of Construction | 1983 |
| Units | 27 |
| Transaction Date | 2016-08-24 |
| Transaction Price | $2,163,000 |
| Buyer | NGUYEN MAN |
| Seller | SMITH DONALD J |
1901 W Houston Ave, Fullerton CA Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and durable occupancy, according to WDSuite s CRE market data, with pricing supported by a high-cost ownership backdrop. This commercial real estate analysis suggests a defensible workforce tenant base with room for operational optimization.
The property sits in Fullerton s Urban Core, where neighborhood occupancy is strong and renter demand is diversified across household types. Neighborhood occupancy is 95.3% and ranks in the 73rd percentile nationally, indicating above-average stability versus many U.S. submarkets, per WDSuite s CRE market data. The share of housing units that are renter-occupied is about 58%, placing the area among the stronger renter concentrations nationally and signaling a broad tenant base for multifamily.
Daily needs and services are well covered: grocery and cafe density both test in the top quartile nationally, and pharmacies and childcare access rank above most neighborhoods. These amenities reduce friction for residents and can support lease retention. By contrast, park access scores poorly, which may modestly temper appeal for some households.
Home values in the neighborhood sit at elevated levels relative to incomes (value-to-income ranks near the top of U.S. neighborhoods), a dynamic that tends to sustain reliance on rental housing and supports pricing power when managed carefully. Median asking rents in the area have risen over the past five years and remain above national norms, reinforcing the case for disciplined revenue management rather than aggressive concessions.
Within a 3-mile radius, households have grown while average household size has edged lower, and forecasts call for a sizable increase in households even as population is projected to be flat to slightly negative. For investors, more households with smaller sizes typically translate into a larger renter pool and steady absorption for well-positioned units.
The asset s 1983 vintage is newer than the neighborhood s average construction year. That positioning can be comparatively competitive versus older stock locally, though investors should still plan for system modernization and selective renovations to meet current renter expectations.
Safety metrics for the neighborhood are mixed when viewed against the Anaheim Santa Ana Irvine metro. Crime ranks below the metro median (rank 415 among 516 neighborhoods), and national positioning is also below average (around the low 30s percentile nationally), indicating a need for prudent security and property management practices.
Trend-wise, violent incident rates show recent improvement year over year, while property crime sits in a lower national percentile. Investors should underwrite with conservative assumptions, emphasizing lighting, access control, and resident engagement to support retention and asset performance.
Nearby employers provide a broad white- and blue-collar employment base that supports renter demand and commute convenience, including packaging, telecom, auto parts distribution, aerospace/industrial, and paper products.
- INTERNATIONAL PAPER Cypress Retail Packaging packaging operations (5.1 miles)
- Time Warner Business Class telecom services (5.8 miles)
- LKQ auto parts distribution (6.0 miles)
- United Technologies aerospace/industrial offices (7.0 miles)
- International Paper corporate offices (9.5 miles)
This 27-unit asset with large average floor plans is positioned in a renter-heavy pocket of Fullerton where neighborhood occupancy trends are above national norms and amenities are robust. Elevated for-sale housing costs in the area tend to reinforce sustained multifamily demand and can underpin pricing power with disciplined leasing strategy. Based on CRE market data from WDSuite, the neighborhood s rent levels and occupancy support a stable income profile relative to many U.S. neighborhoods.
Constructed in 1983, the property is newer than the neighborhood average, offering competitive positioning versus older local stock while leaving room for targeted modernization to capture value-add upside. Within a 3-mile radius, households are increasing and average household size is trending lower, which generally expands the renter pool and supports occupancy stability over the medium term. Investors should still account for safety variation and affordability pressure in lease management to sustain retention.
- Above-average neighborhood occupancy supports income stability
- High-cost ownership market reinforces depth of renter demand
- 1983 vintage provides competitive position with value-add potential through modernization
- 3-mile area shows rising household counts, expanding the tenant base
- Risks: safety metrics below metro median and affordability pressure require active management