| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 36th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 750 S Highland Ave, Fullerton, CA, 92832, US |
| Region / Metro | Fullerton |
| Year of Construction | 1982 |
| Units | 20 |
| Transaction Date | 2007-11-13 |
| Transaction Price | $3,250,000 |
| Buyer | HIGHLAND MANOR APARTMENT CO LP |
| Seller | MONROF LILIA |
750 S Highland Ave Fullerton 20-Unit Multifamily
Neighborhood fundamentals point to durable renter demand supported by a high-cost ownership market and above-median occupancy, according to WDSuite's CRE market data. Investors should view this as steady, workforce-oriented housing with potential to compete well against older local stock.
The immediate neighborhood is rated B- and sits around the metro median among 516 Anaheim–Santa Ana–Irvine neighborhoods, with amenity density that is competitive nationally. Grocery access is particularly strong (near the top of the metro by density), and cafes, restaurants, and parks track in the top quartile nationally, which supports leasing velocity and resident retention.
For investors evaluating demand depth, the share of housing units that are renter-occupied in this neighborhood is very high, ranking near the top among 516 metro neighborhoods and well above most areas nationally. Neighborhood occupancy stands above national medians (around the 70th percentile), suggesting steady absorption and manageable turnover risk rather than chronic vacancy.
Local schools score below national averages, and childcare options are limited within the neighborhood footprint. These factors can influence leasing mix toward working adults and smaller households, but the strong amenity base and commute-friendly location help maintain demand.
Demographic statistics aggregated within a 3-mile radius show modest population growth in recent years and an increase in households, with projections calling for further household gains even as average household size trends lower. This shift typically expands the renter pool and supports occupancy stability as more households seek well-located rental options.
The housing stock in the neighborhood skews older (average vintage around the early 1970s). A 1982 asset can be relatively competitive versus older properties, though investors should still anticipate periodic modernization and system upgrades to meet current renter expectations.
Home values are elevated by national standards, reinforcing renter reliance on multifamily housing and supporting pricing power when paired with prudent lease management. At the same time, rent-to-income ratios indicate some affordability pressure, so underwriting should emphasize renewal strategy and retention.
Safety metrics for the neighborhood trend below national norms, and the area ranks in the lower tier among 516 Anaheim–Santa Ana–Irvine neighborhoods. Recent data indicate mixed movement: a modest year-over-year decline in property offenses alongside an uptick in violent offenses. Investors typically address this profile through operational measures (lighting, access control, partnerships with local public safety) and by aligning underwriting assumptions with neighborhood comparables.
In short, safety should be incorporated into risk-adjusted pricing and asset management plans rather than viewed as a disqualifier; comparative performance versus similar urban-core submarkets in Orange County will be the most relevant benchmark.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including aerospace and defense, packaging, auto parts distribution, telecom services, and title insurance.
- United Technologies — aerospace & defense offices (5.1 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (7.0 miles)
- LKQ — auto parts distribution (7.3 miles)
- Time Warner Business Class — telecom services (7.7 miles)
- First American Financial — title insurance & financial services (11.8 miles) — HQ
750 S Highland Ave offers a 1982-vintage, 20-unit asset in an urban-core pocket of Fullerton where renter concentration is among the highest in the metro and neighborhood occupancy trends above national medians. According to commercial real estate analysis from WDSuite, elevated home values in Orange County sustain reliance on rentals, while strong amenity access supports leasing and retention. The vintage is newer than the neighborhood's early-1970s average, positioning the property competitively versus older stock, with targeted upgrades likely to unlock value.
Forward-looking demand indicators are constructive: within a 3-mile radius, households have been growing and are projected to increase further as average household size declines, expanding the renter pool and supporting occupancy stability. At the same time, affordability pressure (higher rent-to-income ratios) and below-average school ratings warrant conservative renewal strategies and thoughtful unit positioning.
- High renter-occupied share and above-median neighborhood occupancy support stable leasing
- 1982 vintage competes well versus older local stock with clear value-add upgrade paths
- Elevated ownership costs in Orange County reinforce multifamily demand and pricing power
- Strong amenity access (groceries, dining, parks) aids retention and absorption
- Risks: below-national safety metrics and affordability pressure require prudent underwriting and renewal management