| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 28th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2318 W Orangethorpe Ave, Fullerton, CA, 92833, US |
| Region / Metro | Fullerton |
| Year of Construction | 1978 |
| Units | 38 |
| Transaction Date | 2002-08-06 |
| Transaction Price | $4,200,000 |
| Buyer | GEIGER EDWIN R |
| Seller | WU RONG BOR |
2318 W Orangethorpe Ave, Fullerton Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a stable tenant base at sustained occupancy levels, according to WDSuite’s CRE market data. Elevated ownership costs in Orange County further reinforce reliance on multifamily rentals.
Situated in Fullerton’s Urban Core, the property benefits from strong neighborhood conveniences. Neighborhood amenities score in the top quartile nationally, with dense coverage of grocery stores and cafes (both in the 96th percentile nationwide). Daily-needs access can support leasing velocity and retention even as households become more selective.
Neighborhood occupancy is reported at 95.3%, indicating steady renter demand. The area also shows a high share of renter-occupied housing units (58.1%), which implies depth in the tenant pool for a 38-unit asset. Median contract rents trend high for the region, while the rent-to-income ratio around 0.28 suggests manageable affordability for many renters, aiding lease stability and renewals.
Within a 3-mile radius, households have grown over the past five years despite modest population contraction, pointing to smaller household sizes and a broader renter pool. Forward-looking data indicate continued increases in household counts and higher incomes, which can expand the addressable tenant base and support occupancy stability. School ratings average below national norms, which may shape renter profiles toward non-family or value-seeking family households.
Median home values rank in a high national percentile, signaling a high-cost ownership market. For investors, this dynamic typically sustains demand for rental housing, supporting pricing power and lease retention. Park access is limited locally, but the concentration of retail and services helps offset open-space scarcity for many renters.
Neighborhood safety benchmarks sit below the U.S. median, with crime metrics in lower national percentiles compared with many neighborhoods nationwide. Within the Anaheim–Santa Ana–Irvine metro, the neighborhood ranks in the lower tier among 516 neighborhoods, indicating that security posture and resident communications remain important for asset management.
Recent trends are mixed: the estimated violent offense rate shows year-over-year improvement (declining by about 12%), while property offenses remain elevated. For investors, this suggests monitoring local policing and community programs, calibrating operating strategies (lighting, access control, and vendor protocols) to maintain resident confidence.
The area draws from a diversified employment base that supports renter demand through commute convenience and steady service/industrial payrolls. Key nearby employers include INTERNATIONAL PAPER Cypress Retail Packaging, Time Warner Business Class, LKQ, United Technologies, and International Paper.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging operations (5.0 miles)
- Time Warner Business Class — telecommunications services (5.4 miles)
- LKQ — automotive parts distribution (5.5 miles)
- United Technologies — aerospace/industrial offices (7.2 miles)
- International Paper — packaging & paper (9.1 miles)
Built in 1978, the asset is slightly newer than the neighborhood average vintage, offering relative competitiveness versus older local stock while still presenting potential to modernize systems and finishes for value-add upside. Renter concentration in the neighborhood and reported occupancy around 95% indicate a resilient tenant base, and elevated home values in Orange County tend to sustain reliance on multifamily rentals. According to CRE market data from WDSuite, amenity access is strong at the neighborhood level, which can support leasing performance.
Within a 3-mile radius, households have increased and are projected to grow further alongside rising incomes, expanding the potential renter pool even as average household size trends lower. While school ratings and safety metrics are weaker than national norms, these factors are manageable with targeted capital planning, thoughtful resident services, and asset-level operations focused on retention.
- 1978 vintage offers value-add potential while remaining competitive versus older neighborhood stock
- High renter-occupied share and reported ~95% neighborhood occupancy support demand depth and leasing stability
- Elevated ownership costs in Orange County reinforce reliance on multifamily, supporting pricing power
- Household growth and rising incomes within 3 miles expand the tenant base and support retention
- Risks: below-median safety benchmarks and lower school ratings require proactive operations and resident engagement