| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 70th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1549 Placentia Ave, Newport Beach, CA, 92663, US |
| Region / Metro | Newport Beach |
| Year of Construction | 1973 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1549 Placentia Ave, Newport Beach Multifamily Investment
Positioned in an amenity-rich Urban Core with a high renter-occupied base, this asset benefits from durable leasing fundamentals, according to CRE market data from WDSuite.
Newport Beach’s Urban Core setting offers strong day-to-day convenience that supports tenant retention. Neighborhood amenity access is competitive among Anaheim–Santa Ana–Irvine neighborhoods (ranked 166 of 516), with top-quartile concentration of cafes and restaurants and near-top ranks for groceries and pharmacies—useful for reducing resident friction and supporting lease stability.
The neighborhood carries an A- rating (ranked 113 of 516), placing it in the top quartile locally. Renter-occupied share is among the highest nationally, indicating a deep tenant base and sustained demand for multifamily units rather than ownership. Neighborhood occupancy trends are above the national median, reinforcing expectations for stable cash flow through typical cycles.
Built in 1973, the property is older than the neighborhood’s average vintage (1982). For investors, that points to potential value-add through targeted renovations and systems upgrades, alongside prudent capital planning to maintain competitiveness against newer product.
Within a 3-mile radius, households have grown recently and are projected to increase further, even as average household sizes trend smaller. This pattern generally expands the renter pool and supports occupancy stability for well-located properties catering to professional households. Elevated home values in the neighborhood—among the highest nationally—suggest a high-cost ownership market that helps sustain reliance on rentals and can support pricing power when combined with effective lease management.
Neighborhood safety indicators benchmark around the national middle overall (51st percentile), with metro positioning near the midpoint (ranked 240 of 516). Year over year, both violent and property offenses show sizable improvement, placing recent declines in the top decile nationally. For investors, the directional trend is constructive while day-to-day risk management should reflect an urban environment.
Nearby corporate employment anchors—spanning insurance, technology, and financial services—support a sizable professional renter base and commute convenience that can aid leasing and retention. Notable employers include Pacific Life, Prudential, Western Digital, Microsoft Technology Center, and First American Financial.
- Pacific Life — insurance (3.3 miles) — HQ
- Prudential — financial services (5.9 miles)
- Western Digital — technology & data storage (6.0 miles) — HQ
- Microsoft Technology Center — technology (6.3 miles)
- First American Financial — title & insurance (6.5 miles) — HQ
This 56-unit, 1973-vintage asset sits in a top-quartile Newport Beach neighborhood where amenity access, a high renter-occupied share, and a high-cost ownership market underpin durable multifamily demand. Neighborhood occupancy runs above national medians, and elevated household incomes in the 3-mile trade area broaden the prospective tenant base—key supports for rent roll resiliency and renewal capture.
The older vintage introduces capital planning needs, but it also creates clear value-add pathways to enhance unit finishes and building systems versus newer competitive stock. According to CRE market data from WDSuite, the submarket’s demand drivers—professional employment access, entrenched renter reliance, and improving safety trends—favor stable operations with potential for targeted revenue enhancements.
- Amenity-rich Urban Core and deep renter base support occupancy stability and pricing power.
- High-cost ownership market reinforces reliance on rentals, aiding lease retention for well-managed assets.
- 1973 vintage offers value-add potential through renovations and modernization to strengthen competitive positioning.
- Proximity to major employers anchors professional renter demand and supports leasing velocity.
- Risks: older systems and urban context require ongoing CapEx and operational vigilance despite improving safety trends.