| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 18th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 N Spurgeon St, Santa Ana, CA, 92706, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1980 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1900 N Spurgeon St Santa Ana Multifamily Investment
This 32-unit property sits in a dense rental market with 87.7% renter occupancy, the highest in the Anaheim-Santa Ana metro. Neighborhood-level occupancy holds at 96.8%, supporting lease stability according to WDSuite's CRE market data.
The property is located in an Urban Core neighborhood ranking 288th among 516 metro neighborhoods with a B- rating. Built in 1980, this vintage aligns with the neighborhood average construction year of 1966, positioning the asset for potential value-add opportunities through targeted renovations and unit improvements.
Renter-occupied units represent 87.7% of local housing stock, ranking 9th among 516 neighborhoods and placing in the 100th national percentile for rental concentration. This exceptional renter dominance supports consistent tenant demand. The neighborhood maintains 96.8% occupancy, ranking in the top quartile regionally and 82nd percentile nationally, indicating strong absorption and lease retention dynamics.
Demographics within a 3-mile radius show 265,501 residents with stable household formation trends. The area maintains above-average household sizes at 3.8 members, supporting family-oriented rental demand. Median household income reaches $88,634 with 43% growth over five years, while contract rents average $1,836 with 31.6% increases, creating positive rent-to-income dynamics for multifamily operators.
The neighborhood offers strong amenity density with 5.37 grocery stores per square mile (96th percentile nationally) and 32.23 restaurants per square mile (98th percentile), supporting tenant retention through walkable convenience. However, the area shows limited educational attainment with 7.8% bachelor's degree completion, ranking in the bottom quartile nationally, which may influence long-term demographic composition.
Crime metrics place the neighborhood at 377th among 516 metro neighborhoods, positioning it in the 36th national percentile for safety. Property crime rates show improvement with a 31% year-over-year decline, ranking in the upper quartile for crime reduction trends at 255th among metro neighborhoods.
Violent crime rates remain elevated at 1,751 incidents per 100,000 residents, ranking 477th among 516 neighborhoods and placing in the 2nd national percentile. However, violent crime has decreased 6.3% over the past year, indicating positive directional trends that may support tenant comfort and retention over time.
The property benefits from proximity to established corporate employers within the Orange County employment corridor, supporting workforce housing demand for professional tenants.
- Xerox — corporate offices (1.8 miles)
- First American Financial — financial services (4.1 miles) — HQ
- Microsoft Technology Center — technology offices (6.0 miles)
- Western Digital — technology manufacturing (6.5 miles) — HQ
- Pacific Life — insurance services (9.8 miles) — HQ
This Santa Ana property operates in Orange County's strongest rental market fundamentals, with 87.7% neighborhood renter occupancy creating exceptional tenant pool depth. The 1980 construction year positions the asset for value-creation through strategic renovations, while neighborhood-level occupancy at 96.8% demonstrates consistent absorption. Income growth at 43% over five years supports rent escalation potential, though elevated crime metrics require ongoing tenant relations management.
Demographic projections within a 3-mile radius show household growth of 45.9% through 2028, expanding the potential tenant base significantly. According to multifamily property research from WDSuite, the combination of high renter concentration and stable occupancy trends creates favorable operating conditions for experienced multifamily investors focused on workforce housing.
- Exceptional 87.7% renter occupancy ranks highest in metro area
- Strong neighborhood occupancy at 96.8% indicates lease stability
- 1980 vintage offers value-add renovation opportunities
- Projected 45.9% household growth expands tenant pool through 2028
- Crime rates require active management but show improving trends