| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 60th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3582 Green Ave, Los Alamitos, CA, 90720, US |
| Region / Metro | Los Alamitos |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3582 Green Ave Los Alamitos Multifamily Investment
Neighborhood occupancy appears stable and amenity density is strong, supporting steady renter demand in Los Alamitos based on WDSuite s CRE market data and neighborhood benchmarks.
The property sits in an Inner Suburb location within the Anaheim Santa Ana Irvine metro, where neighborhood amenities rank among the strongest locally and nationally. Cafes, groceries, restaurants, parks, and pharmacies cluster nearby and place the area in the top tier nationally for amenity access, which can reinforce leasing velocity and retention for multifamily.
Multifamily fundamentals at the neighborhood level indicate above-average occupancy (96% range for the neighborhood, not the property) and competitive rents for Orange County. Median contract rent trends and household incomes suggest pricing power has held up better than many U.S. neighborhoods, according to CRE market data from WDSuite, while rent-to-income signals point to manageable affordability pressure that supports renewal prospects.
Vintage matters: built in 1973, the asset is older than the neighborhood s average construction year. Investors should underwrite for ongoing capital planning and potential value-add upgrades to common areas, unit interiors, building systems, and curb appeal. Done selectively, modernization can enhance competitive positioning versus newer product while capturing the benefit of this location s amenity reach.
Within a 3-mile radius, demographics show modest population growth historically and a projected increase in households through the next five years, expanding the local renter pool over time. At the same radius, the share of housing units that are renter-occupied is lower than many urban cores, implying a deeper owner presence; for investors, that typically means a more stable, higher-income customer base with sustained demand for quality rental options and less direct competition from dense rental stock.
Safety indicators compare favorably versus many neighborhoods nationwide, with the area sitting in higher national percentiles for lower violent and property offense rates. Recent data also show a notable year-over-year decline in estimated property offenses. While conditions can vary by block and over time, these trends suggest a supportive backdrop for resident retention and asset operations at the neighborhood level.
Proximity to established employers supports a durable workforce renter base and commute convenience. Nearby corporate offices span packaging, telecom, auto parts distribution, healthcare, and industrial gases the same mix reflected in the list below.
- INTERNATIONAL PAPER Cypress Retail Packaging packaging (2.6 miles)
- Time Warner Business Class telecom/business services (4.7 miles)
- LKQ auto parts distribution (7.7 miles)
- Molina Healthcare healthcare services (7.9 miles) HQ
- Airgas industrial gases (7.9 miles)
3582 Green Ave offers investors exposure to an amenity-rich Inner Suburb pocket of Orange County where neighborhood occupancy and income fundamentals have supported consistent renter demand. The location s strong retail and daily-needs access underpins leasing stability, and nearby employers help sustain a diversified renter base. Built in 1973, the property presents clear value-add angles through targeted renovations and system upgrades to sharpen competitiveness against newer stock.
Within a 3-mile radius, households have grown and are projected to increase further, indicating a larger tenant base over the medium term. Combined with neighborhood-level rent and income trends that remain competitive for the metro, this backdrop supports prudent expectations for occupancy stability and disciplined rent management, according to CRE market data from WDSuite.
- Amenity-dense Inner Suburb location that supports leasing velocity and renewal performance
- Neighborhood occupancy and income profiles conducive to stable cash flow
- 1973 vintage enables value-add through interior, common area, and system upgrades
- Nearby employers diversify the workforce renter base and bolster retention
- Risks: older building CapEx, owner-leaning surrounding stock may temper near-term renter depth, and performance varies with broader Orange County cycle