| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Poor |
| Demographics | 62nd | Fair |
| Amenities | 54th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2007 N Bush St, Santa Ana, CA, 92706, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1984 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2007 N Bush St, Santa Ana CA — 49-Unit Multifamily Investment
Neighborhood occupancy trends around this asset have held firm, supporting tenancy stability and rent collections according to WDSuite s CRE market data. These metrics reflect the surrounding Santa Ana neighborhood rather than the property, offering investors a clear, local baseline for underwriting.
Located in an inner-suburb pocket of Santa Ana, the neighborhood carries a B- rating and shows durable rental performance. Neighborhood occupancy is strong at roughly the upper quartile nationally, with recent gains over five years, signaling demand resilience that can support consistent lease-up and retention. These are neighborhood-level figures, useful as context for pro forma assumptions rather than a reflection of this specific property.
The area 27s housing stock skews older (average vintage 1971), while the subject asset was built in 1984. Being newer than the neighborhood norm can help competitive positioning versus legacy stock; investors should still plan for targeted modernization as building systems age, which can unlock value-add upside and support rent premiums if executed thoughtfully.
Within a 3-mile radius, renter-occupied housing comprises a sizable share of units (about six in ten), providing a broad tenant base for multifamily. Over the last five years, households increased while average household size declined, and forecasts point to further household gains even as population trends are relatively flat. For investors, a rising household count means a larger pool of prospective renters and supports occupancy stability and renewal velocity.
Local amenities are mixed: parks access is competitive (top decile nationally), and restaurant and grocery density are above national medians, which can aid resident satisfaction and leasing. Childcare availability also outperforms most neighborhoods nationally. Café and pharmacy counts inside the immediate neighborhood are thinner, though broader Orange County access mitigates this for many residents. Home values in the neighborhood sit in a high-cost ownership market (near the top percentile nationally), which tends to reinforce reliance on rental options and can support pricing power and retention for well-managed multifamily assets.
Safety indicators for the surrounding neighborhood track below national benchmarks overall, with violent offense measures in lower national percentiles. Compared with other neighborhoods across the Anaheim 0Santa Ana 0Irvine metro (516 total), the area is not among the top-performing cohorts for safety. These are neighborhood-level readings and may differ from conditions immediately around the property.
On the positive side, recent year trends show property crime easing versus the prior year, indicating some improvement. Investors should incorporate prudent security and lighting upgrades into operating plans and underwrite with realistic assumptions, while monitoring city and neighborhood trendlines over time.
Proximity to a diversified employment base supports renter demand and commute convenience, with nearby offices in technology, financial services, and enterprise solutions that can underpin leasing and retention. Key nearby employers include Xerox, First American Financial, Microsoft, Prudential, and Western Digital.
- Xerox — enterprise solutions (1.8 miles)
- First American Financial — title & insurance (4.2 miles) — HQ
- Microsoft Technology Center — technology (6.1 miles)
- Prudential — financial services (6.4 miles)
- Western Digital — data storage (6.5 miles) — HQ
The 49-unit property at 2007 N Bush St benefits from strong neighborhood occupancy, a broad renter base within 3 miles, and a high-cost ownership landscape that sustains multifamily demand. According to CRE market data from WDSuite, the surrounding neighborhood sits around the upper quartile nationally for occupancy, and home values are elevated relative to most U.S. neighborhoods—conditions that typically support lease retention and measured rent growth for well-managed assets.
Built in 1984, the asset is newer than much of the nearby housing stock, offering competitive positioning versus older product. Thoughtful capital planning—targeted interiors, building systems, and common-area upgrades—can capture value-add upside while supporting resident satisfaction. Investors should also account for neighborhood safety metrics that trail national benchmarks and mixed amenity depth, balancing those considerations against solid employment access and steady renter demand.
- Strong neighborhood occupancy and broad renter base support stable leasing
- High-cost ownership market reinforces multifamily demand and pricing power
- 1984 vintage offers competitive edge vs. older stock with value-add potential
- Proximity to diversified employers underpins tenant demand and retention
- Risks: neighborhood safety lags national benchmarks; amenity depth is mixed