| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 45th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15261 Van Buren St, Midway City, CA, 92655, US |
| Region / Metro | Midway City |
| Year of Construction | 1972 |
| Units | 99 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15261 Van Buren St Midway City Multifamily Investment
This 99-unit property built in 1972 sits within a neighborhood showing 93.6% occupancy rates and strong rental demand, with 55.5% of local housing units occupied by renters according to CRE market data from WDSuite.
Located in Midway City within Orange County, this neighborhood demonstrates solid fundamentals for multifamily investment. The area ranks in the top quartile nationally for amenity access, with high concentrations of restaurants (21.1 per square mile) and grocery stores (3.96 per square mile) supporting tenant retention. Local schools average a 4.0 rating out of 5, ranking in the 84th percentile nationally, which appeals to family renters.
The property's 1972 construction year aligns with the neighborhood average of 1974, indicating consistent building stock that may present value-add opportunities through strategic renovations and unit upgrades. With 55.5% of housing units occupied by renters—ranking in the 91st percentile nationally—the area shows strong rental demand fundamentals.
Demographic data within a 3-mile radius reveals a stable tenant base with 203,893 residents and household incomes averaging $114,469. Forecasts through 2028 project household growth of 29.1% and median income increases to $131,921, supporting rental demand expansion. Current median rents of $2,075 reflect the area's positioning within the broader Orange County market.
The neighborhood's occupancy rate of 93.6% demonstrates market stability, though property-level performance may vary. High home values with a median of $706,324 and elevated ownership costs help sustain rental demand by keeping households in the multifamily market longer.
Safety metrics for this neighborhood show mixed trends that require careful monitoring. Property crime rates currently rank 387th among 516 metro neighborhoods, placing it in the lower half for property crime incidents. However, the area has experienced a significant 46.1% decrease in property crime over the past year, ranking in the 86th percentile nationally for crime reduction trends.
Violent crime rates are more favorable, with incidents at 112.8 per 100,000 residents—below many urban areas. The neighborhood has also seen a 21.9% decrease in violent crime over the past year. While current safety metrics suggest areas for improvement, the positive trending direction indicates ongoing community stabilization efforts that may benefit long-term property values and tenant retention.
The property benefits from proximity to major corporate employers across Orange County, providing diverse employment opportunities that support stable tenant demand and commute convenience.
- INTERNATIONAL PAPER Cypress Retail Packaging — manufacturing and packaging (4.8 miles)
- First American Financial Corporation — financial services (7.8 miles) — HQ
- Xerox — technology and business services (8.4 miles)
- Microsoft Technology Center — technology (9.6 miles)
- Western Digital — technology and data storage (9.7 miles) — HQ
This 99-unit property presents a value-add opportunity within Orange County's stable rental market. Built in 1972, the asset offers potential for strategic renovations and unit upgrades to capture higher rents in a market where median contract rents reach $1,979. The neighborhood's 93.6% occupancy rate and 55.5% renter-occupied housing share indicate sustained demand fundamentals.
Demographic projections within a 3-mile radius show household growth of 29.1% through 2028, with median incomes forecast to rise to $131,921. According to multifamily property research from WDSuite, these trends support rental demand expansion in established Orange County submarkets. High home values averaging $706,324 reinforce rental demand by maintaining elevated ownership barriers.
- Strong rental fundamentals with 55.5% renter occupancy ranking in 91st percentile nationally
- Value-add potential through renovations of 1972-vintage units in stable Orange County market
- Projected 29.1% household growth and rising incomes support demand expansion through 2028
- Proximity to major employers including First American Financial and Western Digital headquarters
- Risk consideration: Property crime rates require monitoring despite recent 46.1% improvement trend