| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 59th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2010 E Santa Clara Ave, Santa Ana, CA, 92705, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2010 E Santa Clara Ave Santa Ana Multifamily Investment
Positioned in an Urban Core pocket of Santa Ana with steady renter demand and a B neighborhood rating, this asset benefits from strong local incomes and a deep tenant base according to WDSuite’s CRE market data.
The property sits in a Santa Ana Urban Core neighborhood rated B and ranked 243 of 516 locally — above the metro median. Amenity density is a clear strength: restaurants are in the top percentile band nationally (near the 98th), with cafes and childcare also in the mid-to-upper 90s, while grocery access tracks high as well. By contrast, parks and pharmacies are limited within the neighborhood, which may matter for some resident segments.
Schools average roughly 4.0 out of 5 and land in the top quartile nationally, supporting family-oriented renter appeal. Neighborhood occupancy is solid for the metro and sits around the national mid-to-upper range, helping underpin income stability for well-managed assets.
Within a 3-mile radius, demographics show high household incomes with a rising share in upper brackets and modest household-size normalization. Even as recent population trends were mixed, households are projected to grow over the next five years, pointing to a larger tenant base and supporting lease-up and retention. Renter-occupied housing within this 3-mile area is a majority share, indicating depth for multifamily absorption and ongoing demand for professionally managed units.
Home values in the neighborhood are elevated and rank in the mid-90s nationally, and the value-to-income ratio is also high compared with most U.S. neighborhoods. In investor terms, this high-cost ownership market tends to reinforce reliance on rental housing and can support pricing power, while the rent-to-income ratio near the low 20s suggests manageable affordability pressure that can aid renewal performance.
Construction vintage in the immediate area averages 1965. With a 1972 build, this property skews older than newer deliveries and may warrant targeted capital planning across interiors and building systems — a potential value-add path to remain competitive against renovated stock and to capture amenity-driven rent.
Safety indicators for the neighborhood are mixed compared with U.S. peers. On national comparisons, overall crime measures land below the midpoint, with violent offense safety positioned notably below national averages, while property offense safety is also below average but has trended better year over year. Within the Anaheim–Santa Ana–Irvine metro (516 neighborhoods), the area performs below the metro median on safety, though recent declines in estimated property offenses indicate some improvement momentum.
Investors should underwrite conservative operating practices (lighting, access control, monitoring) and coordinate with professional management to align security posture with market expectations. Emphasizing on-site visibility and resident engagement can help support retention and reputation in a competitive Urban Core context.
Proximity to a diversified employment base supports workforce housing demand and commute convenience, led by technology and financial services. Notable nearby employers include Xerox, First American Financial, Microsoft Technology Center, Prudential, and Western Digital.
- Xerox — technology & business services (1.5 miles)
- First American Financial — title insurance & financial services (4.6 miles) — HQ
- Microsoft Technology Center — software & client solutions center (6.2 miles)
- Prudential — financial services (6.5 miles)
- Western Digital — data storage & technology (6.7 miles) — HQ
2010 E Santa Clara Ave offers scale at 100 units in a B-rated Urban Core location with strong amenity access and a deep renter base. Elevated neighborhood home values and a high value-to-income ratio signal a high-cost ownership market, which typically sustains rental demand and supports pricing power. Occupancy across the neighborhood trends solid, and NOI performance is competitive — top quartile nationally — for comparable product, according to CRE market data from WDSuite.
Built in 1972, the asset likely benefits from value-add opportunities through system upgrades and interior modernization to stay competitive against renovated peers. Within a 3-mile radius, households are projected to increase and incomes skew higher over time, supporting a larger tenant base, stable leasing, and renewal potential. Investors should note safety metrics that trail national norms and modest five-year softening in neighborhood occupancy when calibrating underwriting and operating strategies.
- Scale in B-rated Urban Core with strong amenity density and top-quartile school ratings
- High-cost ownership market supports renter reliance and pricing power
- 1972 vintage offers clear value-add pathway via renovations and system upgrades
- Neighborhood NOI per unit competitive in top quartile nationally
- Risks: safety metrics below national averages and recent occupancy softening warrant conservative underwriting