| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1111 W Santa Ana Blvd, Santa Ana, CA, 92703, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1986 |
| Units | 70 |
| Transaction Date | 2017-04-25 |
| Transaction Price | $13,775,000 |
| Buyer | James P. & Susan L. Colombo Trust |
| Seller | Santa Anita Prop LP, Private Investor, Landmark Realty & Property Management LLC, PCraicseh/ uEnqitu aivnadle /nsft |
1111 W Santa Ana Blvd Santa Ana Multifamily Investment
Neighborhood occupancy is strong and the renter-occupied share is elevated in this part of Santa Ana, supporting stable leasing dynamics according to WDSuite’s CRE market data.
Situated in Santa Ana’s Urban Core, the property benefits from a renter-driven neighborhood where an estimated 55% of housing units are renter-occupied. For investors, that renter concentration points to a deeper tenant base and steadier demand for multifamily units relative to more owner-heavy areas.
Occupancy in the neighborhood ranks in the top quartile nationally, a positive signal for cash flow durability. Net operating income performance at the neighborhood level also trends in the upper national quartiles, indicating competitive rent collections and generally tight availability compared with many U.S. neighborhoods, based on CRE market data from WDSuite.
Daily convenience is a local strength: restaurants, cafes, and grocery access score above national norms, supporting resident retention and leasing. Park and pharmacy access are limited within the immediate neighborhood, so on-site amenities and resident services can help offset lifestyle gaps. Average school ratings trail national peers, which may shift demand more toward workforce and young-adult renters rather than school-driven households.
The 1986 vintage is newer than the neighborhood’s average construction year, which can provide a competitive edge versus older local stock while still offering value-add opportunities through system upgrades and unit/interior modernization. Within a 3-mile radius, household counts have grown even as population edged lower, implying smaller household sizes and a gradually diversifying renter pool. Forecasts indicate further growth in households and rising incomes, which should support rent levels and occupancy stability over time.
Compared with the 516 neighborhoods in the Anaheim–Santa Ana–Irvine metro, local safety outcomes are mixed: overall crime ranks below the metro median. Nationally, the neighborhood sits below mid-range for safety; however, recent trend data is constructive. Property offenses declined sharply over the past year and place the area in the top quartile nationally for improvement, while violent offense rates also moved in a better direction with above-median national improvement, according to WDSuite.
For underwriting, this suggests monitoring remains prudent, but the recent downward trend in reported incidents can support tenant retention and leasing stability if it persists. Investors typically pair conservative loss assumptions with active property management and lighting, access control, and partnership with local community resources.
Proximity to a broad employment base supports commuter demand and lease retention, with nearby roles in technology, financial services, and diversified corporate offices. The following employers anchor local jobs and commuting patterns relevant to renter demand.
- Xerox — corporate offices (2.4 miles)
- First American Financial — financial services (3.4 miles) — HQ
- Microsoft Technology Center — technology offices (5.5 miles)
- Prudential — financial services (5.7 miles)
- Western Digital — technology & storage (5.9 miles) — HQ
This 70-unit, 1986-vintage asset aligns with a renter-heavy pocket of Santa Ana where neighborhood occupancy trends in the top quartile nationally and household growth within a 3-mile radius points to a larger tenant base over time. Elevated ownership costs in the area reinforce reliance on multifamily, supporting pricing power and lease retention as households continue to favor rental options. According to WDSuite’s commercial real estate analysis, the neighborhood’s income profile and amenity access have supported competitive NOI performance relative to national peers.
The 1986 construction offers a middle ground: competitive versus older local stock with potential value-add through modernization of interiors and building systems to capture further rent premiums. Underwriting should acknowledge below-average school ratings and safety metrics that sit under national medians, though recent crime improvements and strong employer access help support occupancy stability.
- Renter concentration and top-quartile neighborhood occupancy support durable leasing
- Elevated ownership costs in Orange County sustain multifamily demand and retention
- 1986 vintage enables value-add through targeted system and interior upgrades
- Amenity-rich location and nearby employers bolster tenant base and NOI potential
- Risks: below-average school ratings and safety metrics require proactive management