| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 74th | Good |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3601 Parkview Ln, Irvine, CA, 92612, US |
| Region / Metro | Irvine |
| Year of Construction | 1972 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3601 Parkview Ln, Irvine CA — Multifamily Investment Positioning
Neighborhood occupancy sits in the mid‑90s with a deep renter base, supporting stable leasing dynamics according to WDSuite’s CRE market data.
This Urban Core pocket of Irvine shows durable renter demand and income depth. Neighborhood occupancy is in the mid‑90% range and the renter-occupied share is among the highest nationally, indicating a large tenant pool and potential for steady absorption and renewal performance. Median contract rents trend toward the top of the national distribution, underscoring premium pricing power in this submarket.
Local daily-needs access is favorable with grocery options and a relatively dense childcare presence, while the immediate footprint shows fewer cafes, restaurants, and formal parks. For investors, this mix suggests convenience for residents’ essentials with some lifestyle amenity gaps that properties can offset through on-site offerings or partnerships.
Within a 3‑mile radius, population and household counts have grown materially over the last five years and are projected to continue expanding, signaling a larger tenant base over the medium term. Income trends in the same 3‑mile radius are rising, which supports Class B/B+ rent levels and mitigates lease-up risk when units turn.
Home values in the neighborhood are elevated relative to U.S. norms, and the value-to-income ratio is among the highest nationally. In practical terms, this high-cost ownership market tends to reinforce reliance on multifamily housing, supporting retention and pricing resilience. That said, rent-to-income levels are also elevated, indicating affordability pressure that owners should manage through disciplined lease management and amenity-driven differentiation as part of their commercial real estate analysis.
Vintage matters for underwriting: the asset was built in 1972, a few years older than the neighborhood average stock. Investors should account for capital planning and potential value‑add or system modernization to remain competitive against newer supply while leveraging the strong renter concentration.
Safety indicators for the neighborhood track below the national median, with violent and property offense rates positioned in lower national percentiles (higher incidence relative to U.S. neighborhoods). However, recent data shows a notable one‑year decline in property offenses, which is a constructive trend to monitor for potential stabilization.
For investors, the takeaway is to underwrite security measures and operating practices appropriate for an urban core location, balancing the improving property‑offense trend with the broader area’s below‑median national safety standing. Comparable Irvine submarkets with similar urban characteristics often use lighting, access control, and community engagement to support resident experience and retention.
Proximity to major employers underpins demand from knowledge‑economy and financial services workers. Nearby anchors include Western Digital, Microsoft Technology Center, Prudential, First American Financial, and Pacific Life, supporting commute convenience and leasing stability.
- Western Digital — technology & storage (0.5 miles) — HQ
- Microsoft Technology Center — technology offices (0.6 miles)
- Prudential — financial services offices (0.7 miles)
- First American Financial — title & insurance (2.7 miles) — HQ
- Pacific Life — insurance (4.5 miles) — HQ
3601 Parkview Ln combines a high-rent, high-income Irvine location with a large renter-occupied base and neighborhood occupancy in the mid‑90% range, supporting stable operations and renewal velocity. According to CRE market data from WDSuite, the surrounding neighborhood ranks near the top nationally for income per unit and shows strong renter concentration, while 3‑mile demographics point to continuing population and household growth that broadens the tenant base.
The 1972 vintage suggests room for targeted value‑add and system upgrades to sharpen competitiveness against newer stock. Elevated home values in this area reinforce renter reliance on multifamily, though higher rent‑to‑income levels argue for thoughtful lease management and amenity positioning to sustain retention.
- Deep renter base and mid‑90% neighborhood occupancy support leasing stability
- High-cost ownership market reinforces sustained multifamily demand and pricing power
- 3‑mile demographics indicate continued growth in population and households, expanding the tenant pool
- 1972 vintage provides value‑add and modernization opportunities for yield enhancement
- Risk: elevated rent‑to‑income ratios require disciplined lease management and resident experience focus