| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 18th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1910 N Spurgeon St, Santa Ana, CA, 92706, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | 2014-12-12 |
| Transaction Price | $3,300,000 |
| Buyer | CAPISTRANO BEACH INVESTMENT LLC |
| Seller | BELL SANTA CORONA ASSOCIATES |
1910 N Spurgeon St Santa Ana Multifamily Investment
This 24-unit property benefits from neighborhood occupancy rates of 96.8% and strong rental demand in Orange County's urban core. Commercial real estate analysis from WDSuite indicates the area ranks in the top 20% nationally for amenity access and maintains above-average net operating income per unit.
Located in Santa Ana's urban core, this neighborhood demonstrates solid fundamentals for multifamily investors. The area ranks 213th among 516 metro neighborhoods for occupancy rates, with 96.8% occupancy reflecting stable rental demand. Renter-occupied units comprise 87.7% of local housing stock, ranking 9th regionally and establishing a strong tenant base for multifamily properties.
Demographic data aggregated within a 3-mile radius shows a population of approximately 265,000 residents with median household income of $88,616. Forecasted household growth of 45.9% through 2028 suggests expanding renter demand, while median contract rents are projected to increase 26% to $2,315. The high rental tenure share reinforces sustained demand for multifamily housing, as elevated home values maintain rental market participation.
The neighborhood ranks in the 94th percentile nationally for amenity access, with notable density in grocery stores (5.37 per square mile), restaurants (32.23 per square mile), and childcare facilities. Net operating income per unit averages $9,246, placing the area in the 75th percentile nationally. Built in 1979, this property aligns with the neighborhood's average construction year of 1966, indicating potential value-add opportunities through strategic renovations and unit improvements.
Safety metrics for this Santa Ana neighborhood show mixed trends that warrant investor consideration. The area ranks 377th among 516 metro neighborhoods for overall crime, placing it in the 36th percentile nationally. Property crime rates have decreased 31% over the past year, demonstrating improving conditions, while violent crime has declined 6.3% during the same period.
While crime rates remain above regional averages, the downward trajectory in both property and violent offenses suggests stabilizing conditions. Investors should factor these trends into tenant screening protocols and property management strategies, particularly given the strong rental demand fundamentals that support occupancy despite safety considerations.
The property benefits from proximity to major Orange County employers, supporting workforce housing demand and tenant retention through convenient commuting access.
- 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 (6.5 miles) — HQ
- Pacific Life — insurance (9.9 miles) — HQ
This Santa Ana property offers compelling fundamentals anchored by exceptional rental tenure and stable occupancy trends. The neighborhood's 87.7% renter occupancy rate ranks among the top 10 regionally, while 96.8% occupancy demonstrates consistent demand. According to CRE market data from WDSuite, the area generates above-average net operating income per unit at $9,246, placing it in the 75th percentile nationally.
Demographic projections within a 3-mile radius indicate household growth of 45.9% through 2028, expanding the potential tenant base significantly. The 1979 construction year presents value-add opportunities through strategic renovations, while proximity to major employers including First American Financial and Western Digital supports workforce housing demand and lease retention.
- Strong rental market fundamentals with 96.8% neighborhood occupancy and 87.7% renter tenure
- Above-average NOI performance at $9,246 per unit (75th percentile nationally)
- Projected household growth of 45.9% through 2028 supporting tenant demand
- Value-add potential through renovations of 1979-vintage units
- Crime rates remain above regional averages, requiring enhanced security considerations