| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 53rd | Fair |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5350 Orangethorpe Ave, La Palma, CA, 90623, US |
| Region / Metro | La Palma |
| Year of Construction | 1972 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5350 Orangethorpe Ave La Palma Multifamily Investment
This 70-unit property built in 1972 sits in a neighborhood ranking first for occupancy among 516 Orange County neighborhoods. Commercial real estate analysis from WDSuite shows 100% occupancy rates with stable renter demand fundamentals.
La Palma's suburban neighborhood demonstrates strong occupancy fundamentals, ranking first among 516 Orange County neighborhoods for occupancy rates at 100%. The area maintains a median household income of $87,848 with 37.6% of housing units occupied by renters, supporting consistent multifamily demand. Demographics within a 3-mile radius show a stable population of 168,000 residents with median household income of $109,105.
The property's 1972 construction year aligns with the neighborhood average, presenting potential value-add opportunities through strategic renovations and unit improvements. Median home values of $944,797 represent a 97th national percentile, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing. Contract rents averaging $2,149 reflect the area's premium positioning within Orange County.
Amenity density supports tenant retention with 2.94 grocery stores per square mile ranking in the 89th national percentile and 8.82 restaurants per square mile. The neighborhood's housing metrics rank in the 84th national percentile, while demographic projections show household growth of 31.7% through 2028, expanding the potential renter pool and supporting long-term occupancy stability.
The neighborhood's crime metrics show property offense rates of 824 incidents per 100,000 residents, ranking 306th among 516 Orange County neighborhoods. Notably, property crime has declined 46% year-over-year, placing the area in the 86th national percentile for crime reduction trends. Violent crime rates of 175 incidents per 100,000 residents rank in the 22nd national percentile nationwide.
While crime levels remain above metro averages, the significant improvement trajectory in property crime suggests ongoing community investment and enhanced security measures. Investors should monitor these trends as part of operational planning and tenant retention strategies.
The property benefits from proximity to established corporate employers providing workforce housing demand, with Time Warner Business Class and major industrial operations within commuting distance.
- Time Warner Business Class — telecommunications (1.5 miles)
- LKQ — automotive parts distribution (3.7 miles)
- International Paper — packaging and manufacturing (3.9 miles)
- Raytheon Public Safety — defense and aerospace (6.6 miles)
- Molina Healthcare — healthcare services (11.2 miles) — HQ
This 70-unit property presents a compelling investment opportunity anchored by exceptional occupancy fundamentals and demographic stability. The neighborhood's first-place ranking for occupancy among 516 Orange County neighborhoods, combined with projected household growth of 31.7% through 2028, supports long-term rental demand. The 1972 construction year offers value-add potential through strategic renovations while benefiting from an established tenant base.
According to CRE market data from WDSuite, the area's high home values sustain rental demand as ownership costs keep households in the multifamily market. Median household income growth projections of 43% over five years indicate strengthening tenant quality and potential for rental increases, though investors should monitor rent-to-income ratios for affordability pressures.
- Exceptional occupancy ranking first among 516 Orange County neighborhoods
- Projected 31.7% household growth through 2028 expanding renter pool
- Value-add renovation opportunities with 1972 construction vintage
- High ownership costs reinforce multifamily demand fundamentals
- Risk consideration: Monitor rent-to-income ratios and renewal rates as income growth accelerates