| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 70th | Good |
| Amenities | 25th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2000 Oxford Ave, Fullerton, CA, 92831, US |
| Region / Metro | Fullerton |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | 2017-06-16 |
| Transaction Price | $33,505,000 |
| Buyer | CAI Fullerton I, LP |
| Seller | Fullerton University Village, Private Investor, Michael Browner, Price/unit and /sf |
2000 Oxford Ave, Fullerton Multifamily Investment
High home values and a sizable renter-occupied base support durable demand and pricing power in this Orange County location, according to WDSuite’s CRE market data.
Located in Fullerton’s Urban Core, the property is positioned in a renter-friendly area with a renter-occupied share of housing units near one-half at the neighborhood level (45.5%). For investors, that concentration signals a deep tenant base and supports multifamily absorption and retention through cycles rather than indicating property-specific occupancy.
Everyday convenience is strong for essentials: grocery access ranks competitive among Anaheim–Santa Ana–Irvine neighborhoods (153rd out of 516), while cafes, parks, and pharmacies are more limited within the neighborhood footprint. This mix suggests residents rely on nearby commercial corridors for lifestyle amenities, with daily needs close at hand but destination options somewhat dispersed.
Schools are a relative strength: the neighborhood’s average school rating of 4.33 out of 5 sits in the top quartile nationally (93rd percentile), an indicator that can aid leasing to family households. Neighborhood occupancy is stable at 93.6% (above the national median based on WDSuite), supporting baseline revenue consistency at the sub-neighborhood level rather than the property itself.
Ownership costs are elevated locally (median home values are in the 96th percentile nationally), which reinforces reliance on multifamily housing and helps sustain renter demand. Median household incomes are also high (84th percentile nationally), and the neighborhood’s rent-to-income ratio around 0.21 implies relatively lower affordability pressure for renters, a dynamic that can support renewal rates and limit turnover.
Within a 3-mile radius, population has grown modestly with projections calling for additional household growth and smaller average household sizes over the next five years. For investors, this combination points to a gradually expanding renter pool and steady leasing fundamentals rather than outsized, construction-driven shifts.
Neighborhood safety compares modestly better than the national midpoint overall (crime measures around the 62nd percentile nationally), and recent trends are favorable: both estimated violent and property offense rates show strong year-over-year improvement (each in the 81st percentile for improvement nationwide). These signals describe a generally improving safety profile relative to national peers rather than a block-level guarantee.
Within the Anaheim–Santa Ana–Irvine metro context of 516 neighborhoods, conditions can vary block to block; investors should underwrite to submarket comparables and recent trend lines rather than single-year snapshots.
Nearby corporate employers provide a diversified white-collar employment base that supports renter demand and reduces commute frictions for residents. The list below highlights proximate offices across aerospace, auto parts distribution, packaging, document services, and financial services that anchor daily employment flows.
- United Technologies — aerospace/engineering (2.0 miles)
- LKQ — auto parts distribution (9.2 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (10.1 miles)
- Xerox — document services (10.2 miles)
- First American Financial — title & financial services (12.9 miles) — HQ
This 100-unit asset built in 1972 sits in a high-income, high-cost ownership pocket of Orange County, where elevated home values help sustain multifamily demand and support occupancy stability. Neighborhood income performance among comps is strong (NOI per unit sits in a high national percentile), and rent-to-income levels indicate manageable renter affordability pressure that can aid renewal capture and limit turnover risk. Based on CRE market data from WDSuite, neighborhood occupancy is above the national median and schools rank in the top quartile nationally—both additive to long-run leasing consistency.
The 1972 vintage suggests investors should plan for targeted capital projects and modernization to maintain competitive positioning, while the neighborhood’s amenity mix skews toward essentials over lifestyle. Demographics aggregated within a 3-mile radius point to modest population growth, rising incomes, and a projected increase in households alongside smaller household sizes—factors that expand the renter pool and support steady absorption.
- High-cost ownership market reinforces reliance on rentals, supporting demand depth and pricing power
- Stable neighborhood occupancy and top-quartile schools bolster leasing durability
- 3-mile demographics indicate growing households and a larger renter pool, aiding absorption
- 1972 vintage offers value-add and systems modernization opportunities to enhance competitiveness
- Risks: thinner lifestyle amenity density within the neighborhood and ongoing CapEx needs typical of older assets