| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 82nd | Best |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Monroe, Irvine, CA, 92620, US |
| Region / Metro | Irvine |
| Year of Construction | 1983 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Monroe Irvine Multifamily Investment
This 121-unit property operates in a neighborhood with 100% occupancy and median household incomes in the top 1% nationally. According to CRE market data from WDSuite, the area's affluent demographics and rental demand fundamentals support stable cash flow potential.
This Irvine neighborhood ranks in the top quartile nationally for housing metrics and demonstrates exceptional demographic fundamentals. The area maintains 100% neighborhood-level occupancy, ranking first among 516 metro neighborhoods, while median household incomes of $199,802 place residents in the 99th percentile nationwide. Within a 3-mile radius, demographic statistics show 46.1% of housing units are renter-occupied, creating a substantial tenant base for multifamily properties.
Built in 1983, this 121-unit property aligns with the neighborhood's average construction year of 1985, suggesting potential value-add opportunities through strategic renovations and unit upgrades. The area's median contract rent of $2,544 ranks in the 97th percentile nationally, while home values averaging $1.14 million reinforce rental demand by limiting homeownership accessibility for many households.
Educational quality stands out with perfect 5.0 school ratings ranking first nationally, supporting family tenant retention. The neighborhood offers exceptional park density at 5.15 parks per square mile (99th percentile nationally) and maintains strong childcare access with 2.58 facilities per square mile (95th percentile). Population projections within the 3-mile radius indicate 8.9% growth through 2028, expanding the potential renter pool and supporting long-term occupancy stability.
Safety metrics for this Irvine neighborhood present a mixed profile that requires careful consideration. Property crime rates of 345.6 incidents per 100,000 residents rank 171st among 516 metro neighborhoods, placing the area near the middle of regional performance. However, the trend shows improvement with property crime declining 38.4% year-over-year, ranking in the 80th percentile nationally for crime reduction.
Violent crime rates remain relatively low at 84.6 incidents per 100,000 residents, though this represents a 32.6% increase from the prior year. The overall crime ranking of 276th among metro neighborhoods (48th percentile nationally) suggests average safety conditions compared to other Orange County areas. Investors should monitor these trends as part of ongoing asset management and tenant retention strategies.
The property benefits from proximity to major corporate employers in Orange County's technology and financial services corridor, supporting workforce housing demand and commute convenience for professional tenants.
- Microsoft Technology Center — technology services (4.0 miles)
- Western Digital — data storage technology (4.4 miles) — HQ
- Prudential — financial services (4.4 miles)
- First American Financial — title insurance (4.7 miles) — HQ
- Pacific Life — insurance services (8.3 miles) — HQ
This 1983-built property operates in an exceptionally strong rental market with 100% neighborhood occupancy and household incomes in the top 1% nationally. The area's elevated home values averaging $1.14 million sustain rental demand by limiting homeownership accessibility, while projected 8.9% population growth through 2028 supports expanding tenant demand. Commercial real estate analysis indicates the property's vintage presents value-add opportunities through strategic renovations targeting the area's affluent renter base.
Proximity to major employers including Microsoft Technology Center and Western Digital headquarters provides workforce housing appeal, while perfect school ratings and exceptional park access support family tenant retention. The neighborhood's median rent of $2,544 ranks in the 97th percentile nationally, demonstrating strong pricing power in this high-income market.
- 100% neighborhood occupancy with top 1% household incomes nationally
- 8.9% projected population growth expanding tenant base through 2028
- Value-add potential through renovations of 1983 vintage units
- Perfect school ratings and proximity to major tech employers
- Risk consideration: Recent 32.6% increase in violent crime requires monitoring