| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 86th | Best |
| Amenities | 72nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 Tarocco, Irvine, CA, 92618, US |
| Region / Metro | Irvine |
| Year of Construction | 1982 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
50 Tarocco, Irvine CA — 60-Unit Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is supported by a sizable renter-occupied share, according to WDSuite’s CRE market data, positioning this asset for stable leasing in an inner-suburban Irvine location.
Located in Irvine’s inner suburbs, the property benefits from a neighborhood rated A and ranked 35 out of 516 within the Anaheim–Santa Ana–Irvine metro, indicating performance that is competitive among metro peers. Parks and everyday retail are accessible, with neighborhood amenity density testing above national averages, which supports day-to-day livability and tenant retention.
Retail and services are a local strength: grocery access sits in a high national percentile and park access is especially strong, while cafes and restaurants are present at levels that compare favorably to many suburban areas. School ratings are not available in this data cut, so diligence on specific campuses is recommended.
Multifamily fundamentals are constructive. Neighborhood occupancy is reported around the mid-90s, and the share of housing units that are renter-occupied is substantial, which together point to a deep tenant base and support for leasing stability. Median contract rents in the neighborhood benchmark on the higher end nationally, reflecting Irvine’s high-income profile and sustained renter demand.
Within a 3-mile radius, demographics indicate population growth with a rising household count today and into the next five years, suggesting a larger tenant base over time. Elevated home values in the neighborhood signal a high-cost ownership market, which can reinforce reliance on multifamily housing and support pricing power when paired with prudent lease management and commercial real estate analysis.
The asset’s 1982 construction is slightly older than the neighborhood average year built. Investors should underwrite capital planning for building systems and consider targeted renovations to enhance competitiveness versus newer stock while capturing potential value-add upside.
Safety indicators for the neighborhood sit below the national median based on WDSuite’s comparative percentiles, so investors should factor this into underwriting and management plans. Recent data also shows a year-over-year easing in property crime, which is a constructive directional signal, though ongoing monitoring remains prudent.
At the metro scale (516 neighborhoods), local safety performance varies by measure; translating national percentiles into practice, this submarket may require additional attention to lighting, access control, and tenant communication to sustain retention and support leasing outcomes without over-reliance on concessions.
Proximity to major corporate employers supports a strong commuter tenant base and helps stabilize leasing, with concentrations in homebuilding, technology, data storage, financial services, and insurance.
- Lennar Homes — homebuilding (3.0 miles)
- Microsoft Technology Center — technology (3.8 miles)
- Western Digital — data storage (3.8 miles) — HQ
- Prudential — financial services (4.0 miles)
- First American Financial — title & insurance (5.3 miles) — HQ
50 Tarocco offers scale at 60 units in an A-rated Irvine neighborhood where occupancy runs in the mid-90s and renter-occupied housing is substantial. Elevated area incomes and ownership costs help sustain multifamily demand, while steady population growth within a 3-mile radius points to a larger tenant base over time. According to CRE market data from WDSuite, neighborhood rents track on the higher end nationally, reinforcing the case for durable revenue with disciplined lease management.
Built in 1982, the property may benefit from selective value-add and systems upgrades to compete with newer stock and to capture premium positioning in a high-demand inner-suburban location. With strong employer proximity and stable neighborhood fundamentals, the asset presents an opportunity to pair operational focus with targeted capital improvements for long-term performance.
- Occupancy and renter concentration support leasing stability in a high-demand Irvine submarket.
- Elevated home values and incomes reinforce reliance on rental housing and pricing power.
- Employer proximity (technology, finance, insurance) underpins a durable commuter tenant base.
- 1982 vintage presents value-add and capital planning opportunities to enhance competitiveness.
- Risks: safety metrics sit below national median and may require active management; higher rent levels call for vigilant affordability and retention strategies.