| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 18th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1206 N Parton St, Santa Ana, CA, 92701, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1980 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1206 N Parton St, Santa Ana Multifamily Opportunity
Neighborhood occupancy is in the high-90s and renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data. Investors should view this as a stable urban location with ongoing leasing depth and potential to enhance operations over time.
Situated in Santa Ana’s Urban Core, the property benefits from a renter-driven location where the share of renter-occupied housing within a 3-mile radius is about 59%. This depth of the tenant base supports leasing stability and renewals, particularly as neighborhood occupancy trends sit above the metro median among 516 Anaheim–Santa Ana–Irvine neighborhoods.
Lifestyle convenience is a clear strength: restaurants and groceries are in the top quartile nationally, with parks and daily services also ranking high. This amenity concentration helps support retention and day-to-day livability, which can translate into steadier occupancy and less friction during leasing.
Home values are elevated relative to national norms, and the neighborhood’s value-to-income profile is likewise high. In practice, a high-cost ownership market tends to sustain reliance on multifamily housing, which can bolster pricing power and reduce move-outs to for-sale alternatives when rent-to-income pressures are managed thoughtfully.
Construction trends locally skew older (average vintage mid-1960s), while this asset was built in 1980. Being newer than much of the neighborhood stock can support competitive positioning, though investors should plan for modernization of aging systems and common areas to capture value-add upside and maintain renter appeal.
Within a 3-mile radius, households have grown even as total population edged down and average household size trended lower. This shift points to more, smaller households entering the market over time—an indicator of a broader renter pool that supports occupancy stability and leasing velocity for well-managed units.
Relative to national benchmarks, reported crime levels for the neighborhood are on the higher side, and the area ranks below the midpoint for safety among 516 Anaheim–Santa Ana–Irvine neighborhoods. Recent trend data shows property offenses declining year over year and violent offense rates improving modestly, which is directionally constructive but warrants continued monitoring as part of asset management.
Investors should frame safety as a comparative and evolving metric: conditions remain less favorable than many U.S. neighborhoods, yet the recent downward movement in estimated offense rates suggests incremental improvement. Proactive on-site measures and resident engagement can help support retention and the renter experience.
Proximity to major employers supports commuter convenience and a broad renter base, with demand anchored by Xerox, First American Financial, Microsoft Technology Center, Prudential, and Western Digital.
- Xerox — corporate offices (2.0 miles)
- First American Financial — title & financial services (3.8 miles) — HQ
- Microsoft Technology Center — technology & client solutions (5.8 miles)
- Prudential — financial services offices (6.0 miles)
- Western Digital — data storage & technology (6.2 miles) — HQ
This 36-unit, 1980-vintage asset sits in an Urban Core neighborhood where occupancy is strong and amenities are abundant, reinforcing day-to-day livability and retention. The property is newer than much of the surrounding stock, creating a platform for targeted renovations to improve competitive standing and capture value-add upside while keeping an eye on operating costs as systems age.
According to CRE market data from WDSuite, neighborhood occupancy trends remain above the metro median and home values are elevated versus national norms—conditions that typically sustain multifamily demand and reduce move-outs to for-sale options. Household counts within a 3-mile radius are trending higher even as household sizes decline, indicating a broader renter pool over time. Key risks to underwrite include affordability pressure, comparatively weaker school ratings, and safety metrics that lag national benchmarks, even as recent offense rates have eased.
- Strong neighborhood occupancy and amenity access support leasing stability
- 1980 vintage offers value-add potential via modernization and common-area upgrades
- High-cost ownership market helps sustain multifamily demand and pricing power
- Expanding household counts within 3 miles suggest a larger renter pool over time
- Risks: affordability pressure, below-average school ratings, and safety metrics that trail national averages