| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 60th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3612 Green Ave, Los Alamitos, CA, 90720, US |
| Region / Metro | Los Alamitos |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 1998-08-06 |
| Transaction Price | $1,550,000 |
| Buyer | ESTRELLITA ARMS LLC |
| Seller | VONGREMP ANN HATTON |
3612 Green Ave, Los Alamitos Multifamily Investment
Positioned in an inner-suburban pocket with strong neighborhood occupancy and deep daily-amenity coverage, this 20-unit asset offers stable renter demand and potential value-add upside, according to WDSuite’s CRE market data.
Los Alamitos sits within the Anaheim–Santa Ana–Irvine metro and this neighborhood rates competitively among 516 metro neighborhoods, supported by a dense mix of everyday amenities. Nationally, amenity access scores in the top percentiles for grocery, restaurants, parks, pharmacies, and cafes—helpful for day-to-day convenience and leasing appeal (based on CRE market data from WDSuite).
Neighborhood occupancy is strong at 96.2% (neighborhood-level), with a modest uptick over the last five years, signaling steady absorption and limited downtime risk for stabilized units. Median contract rents in the neighborhood have risen over the past five years, while the local rent-to-income ratio sits comparatively low for the region, a combination that supports pricing power without outsized retention risk.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and households have grown in recent years, with households projected to increase further by 2028. A relatively owner-heavy 3-mile area (higher owner share, lower renter-occupied share) can constrain multifamily supply locally, which often supports occupancy stability for existing rental stock.
The property’s 1972 vintage is older than the neighborhood’s average construction year, indicating potential capital planning items alongside value-add or modernization strategies to remain competitive versus newer product. For investors, that can translate into targeted renovations aimed at unit finishes and building systems to capture rent premiums in a high-amenity, inner-suburban setting.
Safety indicators for the neighborhood compare favorably versus many areas nationwide. Crime measures place the area above national averages for safety, and recent data show a notable decline in property offenses year over year, while violent offenses ticked up slightly. In metro context (516 neighborhoods), rankings indicate the area performs better than the metro median, supporting resident retention and leasing stability without overstating block-level conditions.
Nearby corporate offices provide a diversified employment base that supports workforce housing demand and commute convenience for residents. Key employers within a 2–14 mile radius include packaging, communications, auto parts distribution, and healthcare.
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (2.6 miles)
- Time Warner Business Class — communications services (4.7 miles)
- LKQ — auto parts distribution (7.7 miles)
- Molina Healthcare — healthcare services (7.9 miles) — HQ
- Airgas — industrial gases & supplies (7.9 miles)
3612 Green Ave is a 20-unit, 1972-vintage asset in an inner-suburban Orange County location with strong neighborhood occupancy and top-tier daily amenity access. Neighborhood-level occupancy remains high with a multi-year upward trend, while median rents have advanced—conditions that support stable cash flows for well-managed assets, according to CRE market data from WDSuite. The older vintage points to value-add or system upgrades that can enhance competitiveness versus newer stock.
Within a 3-mile radius, population and household growth—alongside a relatively owner-leaning housing mix—suggests a steady, and potentially expanding, renter pool for existing multifamily units. Combined with robust proximity to diverse employers, the demand backdrop supports leasing velocity and retention, with prudent attention to capital planning and affordability management.
- High neighborhood occupancy and strong amenity access support leasing stability
- 1972 vintage offers value-add and modernization opportunities to drive NOI
- 3-mile growth in households and diversified nearby employers bolster renter demand
- Favorable rent-to-income dynamics aid retention and reduce turnover risk
- Risks: aging building systems and modest fluctuations in safety trends warrant ongoing asset management