| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 67th | Fair |
| Amenities | 49th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2901 Nutwood Ave, Fullerton, CA, 92831, US |
| Region / Metro | Fullerton |
| Year of Construction | 1972 |
| Units | 45 |
| Transaction Date | 2021-02-09 |
| Transaction Price | $69,000 |
| Buyer | DANIELSON KATIE |
| Seller | CHURM CINDA S |
2901 Nutwood Ave, Fullerton CA Multifamily Opportunity
Positioned in an inner-suburban pocket of Orange County with a deep renter base and a high-cost ownership landscape, this asset benefits from durable demand drivers according to WDSuite’s CRE market data.
The surrounding neighborhood rates B- and sits roughly in the middle of the pack among 516 Anaheim–Santa Ana–Irvine metro neighborhoods, offering balanced fundamentals for investors. Amenity access is a strength: grocery and dining density rank near the top nationally, while cafes are also plentiful, supporting day-to-day livability and leasing appeal. Parks, pharmacies, and childcare options are limited within the neighborhood boundary, which may shift some convenience needs to adjacent areas.
Neighborhood occupancy is in the mid-to-high 80s, a touch below national averages, but the renter-occupied share is very high—near eight in ten units—indicating a deep tenant base and ongoing multifamily relevance. Median contract rents in the area have risen meaningfully over the last five years, and the neighborhood’s average NOI per unit ranks in the top quartile nationally, signaling competitive revenue potential for well-managed assets.
Within a 3-mile radius, population has held essentially stable while household counts have increased and average household size has edged lower. This shift points to a larger pool of households competing for units, which can support occupancy and absorption. Median and mean household incomes have advanced notably over the past five years, reinforcing the capacity for renters to support quality housing, though prudent pricing and lease management remain important.
Home values in the neighborhood are elevated by national standards and value-to-income ratios are high, which tends to sustain reliance on rental housing and can support pricing power for well-located properties. At the same time, rent-to-income levels are on the higher side for renters, so operators should balance renewal strategies with affordability considerations to preserve retention.
Safety metrics for the neighborhood trend below national averages, with rankings that place it in a weaker cohort within the Anaheim–Santa Ana–Irvine metro’s 516 neighborhoods. National percentiles indicate comparatively lower safety relative to many U.S. neighborhoods.
For investors, this context suggests closer attention to on-site security, lighting, and community standards, as well as collaboration with professional management to support resident comfort. Monitoring trend direction over subsequent data releases can help assess whether conditions are improving or stabilizing versus the broader region.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience. Key employers within a practical drive include United Technologies, Xerox, LKQ, International Paper (Cypress Retail Packaging), and Time Warner Business Class, with additional regional draw from First American Financial.
- United Technologies — corporate offices (2.5 miles)
- Xerox — corporate offices (9.4 miles)
- LKQ — corporate offices (9.6 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — corporate offices (9.9 miles)
- Time Warner Business Class — telecom services (10.5 miles)
- First American Financial — title insurance & services (12.2 miles) — HQ
This 45-unit property sits in an inner-suburban Orange County neighborhood where amenity density, a high renter concentration, and a high-cost ownership market underpin steady multifamily demand. Neighborhood occupancy is modestly below national norms, but elevated renter reliance and rising household incomes create potential for stable leasing and measured rent growth, based on CRE market data from WDSuite.
Rents have trended upward over the past five years and are projected to continue rising locally, while household counts within a 3-mile radius are increasing as average household size declines—expanding the renter pool and supporting absorption. Operators should pair revenue goals with affordability-aware renewals and selective upgrades to capture demand without undue turnover.
- High renter concentration and elevated ownership costs support durable apartment demand
- Strong amenity access (grocery, dining, cafes) enhances leasing appeal
- Household growth within 3 miles and smaller household sizes expand the renter pool
- Neighborhood NOI per unit sits above national medians, supporting revenue potential
- Risks: safety metrics below national averages and higher rent-to-income levels require attentive management