| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 28th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2400 W Roberta Ave, Fullerton, CA, 92833, US |
| Region / Metro | Fullerton |
| Year of Construction | 1978 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2400 W Roberta Ave Fullerton Multifamily Investment
Neighborhood occupancy trends are top quartile nationally while renter concentration is high, supporting a durable tenant base according to WDSuite’s CRE market data.
Located in Fullerton within the Anaheim–Santa Ana–Irvine metro, the neighborhood shows solid renter fundamentals: renter-occupied share sits in the top decile nationally, indicating a deep tenant pool for a 60-unit asset. Neighborhood occupancy is competitive nationally (top quartile), though it ranks below the metro median (316 of 516), suggesting demand stability with some submarket variance investors should monitor.
Everyday convenience is a strength: grocery and cafe density both sit around the 96th percentile nationwide, and pharmacies and restaurants also score well above average. Park access is limited relative to peers (ranked 516 of 516 metro neighborhoods), which may influence marketing to residents who prioritize open space, but strong retail amenity coverage helps with daily livability.
Home values are elevated (around the 93rd percentile nationally) and the value-to-income ratio is also high, reinforcing reliance on rental housing and aiding resident retention. At the same time, rent-to-income levels benchmark low versus national norms, which can reduce affordability pressure and support lease stability and pricing discipline.
Within a 3-mile radius, household counts have increased and are projected to continue rising even as population trends edge lower, pointing to smaller household sizes and a broader renter pool over time. Median and mean household incomes have also grown meaningfully, supporting effective demand for professionally managed apartments, based on CRE market data from WDSuite.
The asset’s 1978 vintage is slightly newer than the neighborhood average stock (1973), offering relative competitiveness versus older buildings while still leaving room for targeted modernization and value-add upgrades to common areas and building systems.
Safety conditions are mixed compared with both metro and national benchmarks. The neighborhood ranks 415 out of 516 within the metro on overall crime, indicating it trails many local peers, while it sits below the national median (around the 32nd percentile). Property incidents are comparatively elevated, but recent trends show improvement in violent offenses year over year, which investors can factor into underwriting and operational planning.
Proximity to diversified employers supports workforce housing demand and commuting convenience, including packaging, telecom, auto parts distribution, aerospace, and corporate services noted below.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (4.9 miles)
- Time Warner Business Class — telecom/business services (5.3 miles)
- LKQ — auto parts distribution (5.5 miles)
- United Technologies — aerospace & industrial (7.4 miles)
- International Paper — packaging (9.1 miles)
2400 W Roberta Ave aligns with renter-driven fundamentals: a majority renter-occupied neighborhood (top decile nationally) and nationally strong occupancy support demand resilience. Elevated ownership costs in this part of Orange County reinforce reliance on multifamily housing, while rent-to-income benchmarks are comparatively manageable, aiding retention. According to CRE market data from WDSuite, amenity access is a competitive advantage, with grocery, cafes, and daily services ranking well above national norms.
Demographic indicators within a 3-mile radius point to a larger tenant base over time as household counts rise and average household size trends lower, complemented by income growth that supports effective rents. Built in 1978, the property is slightly newer than the area’s average stock, offering relative competitiveness and potential value-add upside via modernization of interiors and building systems. Investors should balance these strengths against lower-than-metro safety rankings and limited park access when calibrating marketing, security, and amenity strategies.
- Strong renter base and nationally competitive occupancy support leasing stability
- High-cost ownership market reinforces multifamily demand and pricing power
- Amenity-rich location (groceries, cafes, services) enhances resident retention
- 1978 vintage offers value-add and modernization potential versus older stock
- Risks: below-metro safety ranking and limited park access require operational focus