| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Poor |
| Demographics | 61st | Fair |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8362 Walker St, La Palma, CA, 90623, US |
| Region / Metro | La Palma |
| Year of Construction | 1977 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8362 Walker St La Palma Multifamily Investment
This 33-unit property built in 1977 benefits from neighborhood-level occupancy at 95%, above the 71st percentile nationally according to WDSuite's CRE market data. Strong owner-occupancy at 61% of housing units creates rental demand stability in Orange County's competitive market.
La Palma presents a mature residential market with neighborhood-level occupancy at 95%, ranking in the 71st percentile nationally. The area maintains median household incomes of $116,903 within a 3-mile radius, with 38.9% of housing units occupied by renters. Home values averaging $820,719 reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Built in 1977, this property aligns with the neighborhood's average construction year of 1980, suggesting consistent building stock without immediate capital expenditure pressures. The area demonstrates strong educational infrastructure with schools averaging 4.0 out of 5, ranking in the 84th percentile nationally. However, amenity density remains limited with minimal grocery, restaurant, and park access per square mile.
Demographic projections within the 3-mile radius show household growth of 34.7% through 2028, expanding the potential tenant base to over 76,800 households. Median household incomes are forecast to increase 36.6% to $146,459, supporting rental pricing power. The renter share is projected to grow from 38.9% to 41.3%, indicating strengthening multifamily demand fundamentals.
Crime metrics show the neighborhood ranking 247th among 516 Orange County neighborhoods, placing it at the 51st percentile nationally for safety. Property offense rates of 118.9 per 100,000 residents have declined 24.3% year-over-year, indicating improving security trends that support tenant retention and lease stability.
Violent crime rates remain moderate at 54.0 per 100,000 residents, though they increased 40.7% over the past year. This places the area in the 42nd percentile nationally for violent crime, suggesting investors should monitor security conditions and consider property management protocols that address tenant safety concerns.
The employment base draws from nearby corporate offices providing workforce housing demand within reasonable commuting distance. Major employers include telecommunications, packaging, automotive, and defense contractors supporting diverse tenant profiles.
- Time Warner Business Class — telecommunications (2.4 miles)
- International Paper Cypress Retail Packaging — packaging & manufacturing (2.8 miles)
- LKQ — automotive parts distribution (4.8 miles)
- Raytheon Public Safety RTC — defense & aerospace (7.6 miles)
- Molina Healthcare — healthcare services (10.7 miles) — HQ
This 33-unit property capitalizes on Orange County's rental demand fundamentals, with neighborhood-level occupancy at 95% ranking in the 71st percentile nationally. High home values averaging $820,719 reinforce rental market participation as ownership costs keep households in multifamily housing. The 1977 construction year aligns with area norms, avoiding immediate capital expenditure needs while positioning for potential value-add opportunities.
Demographic growth within a 3-mile radius projects household expansion of 34.7% through 2028, with median incomes forecast to increase 36.6% to $146,459. According to multifamily property research from WDSuite, the renter share is expected to grow from 38.9% to 41.3%, expanding the tenant pool and supporting occupancy stability. Strong school ratings averaging 4.0 out of 5 enhance family appeal and lease retention potential.
- Neighborhood occupancy at 95% ranks in top 30% nationally
- Household growth of 34.7% projected through 2028 expands tenant base
- High ownership costs at $820,719 median home value sustain rental demand
- 1977 vintage aligns with neighborhood average, minimizing immediate capex needs
- Risk: Limited amenity density may impact tenant attraction and retention