| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 21st | Poor |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1054 W Santa Ana Blvd, Santa Ana, CA, 92703, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1986 |
| Units | 46 |
| Transaction Date | 2015-10-05 |
| Transaction Price | $7,895,000 |
| Buyer | Empire USA, LLC |
| Seller | Bell-Santa Corona Associates |
1054 W Santa Ana Blvd Santa Ana Multifamily Opportunity
Neighborhood occupancy remains high and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for mid-size assets in Santa Ana. Elevated ownership costs in Orange County further reinforce the renter pool and potential lease retention.
This Urban Core location in Santa Ana offers strong day-to-day convenience, with grocery, dining, parks, and pharmacies scoring in the top quartile nationally. That amenity density can support tenant retention and leasing velocity relative to many Anaheim–Santa Ana–Irvine submarkets, based on CRE market data from WDSuite.
Neighborhood multifamily occupancy is competitive among Anaheim–Santa Ana–Irvine neighborhoods and sits well above national norms, indicating depth in the tenant base. Renter-occupied housing is a majority share, pointing to a larger pool of prospective renters and demand stability for professionally managed assets.
Within a 3-mile radius, households have increased even as overall population edged lower, and average household size is trending down. For investors, that mix often supports steady absorption of smaller formats and sustained renter pool expansion, particularly for properties with efficient one- and two-bedroom unit types.
Home values are elevated for the neighborhood compared with national benchmarks, and the value-to-income profile is high relative to peers. In practice, a high-cost ownership market tends to sustain rental demand and can bolster pricing power, while the neighborhood’s median rent-to-income ratio suggests manageable affordability pressure that supports lease management and retention.
The average school rating in the neighborhood trails national averages, which may matter for family-oriented renters; investors can position with amenities and unit finishes that appeal to workforce households and commuters to offset that dynamic.
Safety indicators for the neighborhood are below national averages, and the area ranks below the metro median among 516 Anaheim–Santa Ana–Irvine neighborhoods. Recent year-over-year declines in both violent and property offense rates suggest improving momentum, but levels remain elevated compared with many U.S. neighborhoods.
Investors often address this by emphasizing lighting, access control, and active management practices, and by aligning marketing toward renter segments that value commute convenience and on-site oversight. Monitoring neighborhood trend lines and coordinating with local resources can help sustain tenant retention and limit loss-to-lease risk.
The nearby employment base mixes technology, financial services, and corporate operations, supporting workforce housing demand and commute convenience for renters. Key nearby employers include Xerox, First American Financial, Microsoft Technology Center, Western Digital, and Pacific Life.
- Xerox — corporate offices (2.3 miles)
- First American Financial — financial services (3.4 miles) — HQ
- Microsoft Technology Center — technology (5.4 miles)
- Western Digital — technology & storage (5.8 miles) — HQ
- Pacific Life — insurance (8.9 miles) — HQ
Built in 1986, the 46-unit asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older inventory while leaving room for targeted modernization to support rent positioning and limit near-term capital surprises. Neighborhood occupancy is strong and renter concentration is high, reinforcing leasing stability for a mid-size property. According to CRE market data from WDSuite, area NOI performance trends above national medians, and amenity access is a local strength.
Within a 3-mile radius, household counts are rising even as population eases and average household size declines, which typically enlarges the renter pool for smaller floor plans. Elevated ownership costs in Orange County further sustain multifamily demand and can aid pricing power, while below-average school ratings and safety metrics remain underwriting considerations.
- High neighborhood occupancy and majority renter-occupied housing support demand depth and leasing stability.
- 1986 vintage is newer than much local stock, with value-add potential via targeted interior and systems updates.
- Amenity-rich Urban Core setting and proximity to major employers bolster retention and absorption.
- High-cost ownership market reinforces renter reliance, supporting pricing power and lease management.
- Risks: below-median metro safety ranking and lower school ratings warrant prudent security, marketing, and expense planning.