| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 18th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1410 French St, Santa Ana, CA, 92701, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1977 |
| Units | 20 |
| Transaction Date | 2018-02-07 |
| Transaction Price | $3,900,000 |
| Buyer | CYPRESS SANTA ANA LLC |
| Seller | CAPISTRANO BEACH INVESTMENT LLC |
1410 French St Santa Ana 20‑Unit Multifamily
Neighborhood occupancy trends are above the metro median with a high share of renter-occupied units, supporting durable tenant demand according to WDSuite’s CRE market data.
Situated in Santa Ana’s Urban Core, the property benefits from neighborhood fundamentals that favor multifamily stability. Neighborhood occupancy is above the metro median among 516 Anaheim–Santa Ana–Irvine neighborhoods, and renter concentration is exceptionally high (measured as the share of housing units that are renter-occupied), indicating a deep tenant base and potential support for steady lease-up and renewal activity. These are neighborhood-level metrics, not property-specific performance.
Livability inputs are strong for daily needs: restaurants, groceries, parks, pharmacies, and childcare options all score in high national percentiles, placing the area in the top quartile nationally for overall amenities while ranking well within the metro cohort. This amenity density typically aids retention and day-to-day convenience for residents.
Within a 3-mile radius, households have increased in recent years and are projected to rise further even as population growth trends are flat to slightly negative, implying smaller household sizes and a potential broadening of the renter pool. Neighborhood rent levels and five‑year rent growth track above national medians, and elevated ownership costs (with home values high relative to incomes) point to a high‑cost ownership market that tends to sustain reliance on rental housing—supportive of lease stability and pricing power for well‑positioned assets.
School quality indicators trail national averages, which may influence family‑oriented renter segments; however, the combination of amenity access and renter depth still positions the subarea competitively among metro neighborhoods for workforce housing. Vintage context: with an average neighborhood construction year in the late 1960s, a 1977 asset can be competitively positioned versus older stock, though mechanicals and common areas may still warrant modernization to meet current renter expectations.
Safety indicators for the neighborhood trend below national percentiles, and the area ranks in the lower half among 516 metro neighborhoods, signaling that crime is a consideration in underwriting. That said, recent year‑over‑year data show a notable decline in estimated property offenses and a modest improvement in violent offense rates, suggesting some directional progress. These are neighborhood‑level indicators and can vary by block and over time.
Investors typically account for this by emphasizing visibility, lighting, and resident screening, and by evaluating local policing and property management practices to support tenant retention.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including technology, financial services, and business services: Xerox, First American Financial, Microsoft Technology Center, Prudential, and Western Digital.
- Xerox — business services (1.5 miles)
- First American Financial — title & financial services (3.8 miles) — HQ
- Microsoft Technology Center — technology (5.7 miles)
- Prudential — financial services (6.0 miles)
- Western Digital — data storage & technology (6.1 miles) — HQ
1410 French St offers a mid‑1970s vintage, 20‑unit footprint in a renter‑dense Urban Core location where neighborhood occupancy trends run above the metro median. Amenity access is strong, and high ownership costs in Orange County reinforce the role of multifamily as a primary housing option—factors that can support leasing stability and measured pricing power for upgraded product.
Constructed in 1977, the asset is newer than much of the surrounding housing stock, which can be a competitive edge versus older properties. Targeted renovations and systems modernization may unlock value‑add upside. According to commercial real estate analysis from WDSuite, neighborhood rent growth and income trends, coupled with projected increases in household counts within 3 miles, point to a larger tenant base over time—even as average household size declines—supporting long‑run demand for well‑managed units.
- Occupancy above metro median and deep renter-occupied base support leasing stability
- High-cost ownership market in Orange County sustains multifamily demand and retention
- 1977 vintage offers value-add potential via interior and systems upgrades
- 3-mile household growth and rising incomes expand the tenant pool over time
- Risk: neighborhood safety metrics trail national averages; proactive management is important