| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 70th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1544 Placentia Ave, Newport Beach, CA, 92663, US |
| Region / Metro | Newport Beach |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1544 Placentia Ave, Newport Beach Multifamily Investment
Renter demand is reinforced by a high-cost ownership market and strong neighborhood amenities, according to WDSuite’s CRE market data, supporting steady occupancy for well-positioned assets.
Located in Newport Beach’s Urban Core, the neighborhood scores an A- and ranks 113 out of 516 metro neighborhoods, signaling competitive fundamentals for multifamily relative to the Anaheim–Santa Ana–Irvine market. Neighborhood occupancy is 94.7% (neighborhood statistic), placing it in the upper tier nationally for stability, based on CRE market data from WDSuite.
Everyday convenience is a strength: grocery and pharmacy density ranks among the best in the metro (both top tier; 3rd out of 516), and cafes and restaurants are top quartile nationally (96th and 97th national percentiles). These amenity concentrations typically support leasing velocity and retention for workforce and lifestyle renters alike.
Home values are elevated (99th national percentile) with a high value-to-income ratio (96th percentile). In practice, this high-cost ownership market sustains reliance on rental housing and can bolster pricing power for competitive multifamily product, while lease management should monitor affordability pressure. Neighborhood-level renter-occupied share is 64.4% (95th national percentile), indicating a deep tenant base.
The property’s 1987 vintage is slightly newer than the neighborhood average (1982). That positioning can help competitiveness versus older stock; investors should still anticipate targeted modernization and system updates to support rent optimization.
Within a 3-mile radius, household counts increased modestly over the last five years while average household size edged lower. Looking ahead to 2028, WDSuite’s data indicates growth in households and incomes in the 3-mile area, pointing to a larger, higher-earning renter pool that can support occupancy stability and measured rent moves for well-managed assets.
Safety indicators are mixed when compared nationally. Overall crime sits near the national median (51st percentile), with property and violent offense rates below national percentiles for safety. Notably, both categories show sizable year-over-year declines locally, which, if sustained, would be constructive for resident retention and perception over the medium term. Neighborhood comparisons should be made at the broader area level rather than the block.
Proximity to major corporate offices supports a steady renter base seeking commute convenience and professional services employment, including Pacific Life, Prudential, Western Digital, Microsoft Technology Center, and First American Financial Corporation.
- Pacific Life — insurance (3.2 miles) — HQ
- Prudential — financial services (5.9 miles)
- Western Digital — data storage technology (6.0 miles) — HQ
- Microsoft Technology Center — technology offices (6.3 miles)
- First American Financial Corporation — title and insurance services (6.4 miles)
1544 Placentia Ave offers exposure to a Newport Beach neighborhood with durable renter demand dynamics and strong daily-needs access. Neighborhood occupancy is 94.7% (neighborhood measure) and the renter-occupied share is high, indicating depth of tenant demand. Elevated home values and a high value-to-income ratio point to a high-cost ownership market that tends to sustain rental reliance and support revenue management for competitive product. According to CRE market data from WDSuite, amenity density (grocery, pharmacy, dining) ranks among the metro’s leaders, which often underpins leasing velocity.
Built in 1987, the asset is slightly newer than the neighborhood average stock, providing a relative edge versus older comparables while leaving room for targeted renovations to capture premium positioning. Within a 3-mile radius, households have trended up and are projected to expand further alongside income growth, suggesting a larger, higher-earning renter pool that can support occupancy stability and measured rent growth. Investors should balance these positives against local safety perceptions and manage affordability to sustain retention.
- High-cost ownership market reinforces multifamily demand and pricing power
- Strong amenity access (grocery, pharmacy, dining) supports leasing velocity
- 1987 vintage offers competitive positioning with value-add modernization potential
- 3-mile household and income growth point to a larger, higher-earning renter pool
- Watch items: local safety perception and affordability management to sustain retention