| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 53rd | Fair |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1420 Eastpark Dr, La Habra, CA, 90631, US |
| Region / Metro | La Habra |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 2015-10-15 |
| Transaction Price | $995,000 |
| Buyer | C1D1 LP |
| Seller | GUMERMAN FAMILY TRUST |
1420 Eastpark Dr La Habra Multifamily Investment
This 24-unit property benefits from strong neighborhood-level occupancy at 97.4% and solid rental demand fundamentals, according to CRE market data from WDSuite.
Located in La Habra's Urban Core neighborhood, this property sits within a market showing occupancy stability at 97.4% neighborhood-level performance, ranking in the top third among 516 metro neighborhoods. The area demonstrates solid rental demand with nearly 40% of housing units being renter-occupied, supporting consistent tenant pools for multifamily operators.
Built in 1972, this property aligns with the neighborhood's average construction year of 1975, indicating potential value-add opportunities through strategic renovations and unit improvements. The surrounding area shows strong grocery access with over 4 stores per square mile, ranking in the top 25% nationally, which enhances tenant retention through daily convenience.
Demographics within a 3-mile radius reveal a stable renter base with median household income of $112,127 and projected growth to $147,587 by 2028. The area's rent-to-income ratio of 24% suggests manageable affordability levels, while median home values around $755,546 help sustain rental demand by keeping ownership costs elevated relative to renting options.
Contract rents in the neighborhood average $1,845 with 26% growth over five years, demonstrating pricing power. Forward projections indicate continued household formation with renter-occupied units expected to expand, supporting long-term occupancy stability and lease renewal rates.
Crime data for this specific neighborhood is not currently available in the dataset, limiting detailed safety analysis. Investors should conduct independent due diligence on local crime trends and consider consulting with local law enforcement or security professionals for current area assessments.
The property's location in Orange County's established residential corridor typically benefits from municipal services and community oversight, though specific crime statistics would be needed to make comparative assessments against metro or national benchmarks.
The property benefits from proximity to major corporate employers across manufacturing, technology, and energy sectors, providing workforce housing for diverse professional tenant base.
- United Technologies — aerospace & defense (4.2 miles)
- LKQ — automotive parts distribution (6.6 miles)
- International Paper — packaging & manufacturing (8.4 miles)
- Time Warner Business Class — telecommunications (8.7 miles)
- Edison International — energy utilities (12.0 miles) — HQ
This 24-unit property presents a value-add opportunity in a neighborhood demonstrating occupancy stability and rental demand fundamentals. Built in 1972, the asset offers renovation upside potential while benefiting from neighborhood-level occupancy of 97.4% that ranks in the top third among Orange County submarkets. Demographic projections within a 3-mile radius show household income growth from $112,127 to $147,587 by 2028, supporting future rent growth and tenant retention.
The property's location benefits from strong grocery access and proximity to major employers including United Technologies and Edison International's headquarters, providing workforce housing demand. Commercial real estate analysis indicates the area's 39.8% rental occupancy share and elevated home values around $755,546 help sustain multifamily demand by maintaining cost advantages over homeownership.
- Strong neighborhood occupancy at 97.4% supports stable cash flows
- Value-add potential through strategic renovations of 1972 vintage units
- Projected household income growth to $147,587 by 2028 supports rent growth
- High home values relative to rents maintain rental demand depth
- Risk: Property age requires capital expenditure planning for systems and unit upgrades