| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 19th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 214 E Oxford St, Santa Ana, CA, 92707, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | 2017-06-16 |
| Transaction Price | $33,505,000 |
| Buyer | CAL Fullerton I, LP |
| Seller | Fullerton University Village |
214 E Oxford St Santa Ana Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, providing a stable backdrop for a 100-unit asset in Orange County, according to WDSuite s CRE market data. Positioned for durable leasing in a high-cost ownership market, this location offers consistent absorption potential.
Situated in Santa Ana s Urban Core, the property benefits from a renter-driven neighborhood where approximately two-thirds of housing units are renter-occupied. That depth of renter concentration supports a larger tenant base and steadier lease-up dynamics. Neighborhood occupancy is high relative to both the metro and nation, reinforcing expectations for sustained stabilization rather than frequent vacancy swings, based on CRE market data from WDSuite.
Day-to-day convenience is a relative strength: grocery access ranks competitive among Anaheim Santa Ana Irvine neighborhoods (ranked 74 out of 516) and places the area in the upper tier nationally. Caf e9 density also scores well versus U.S. neighborhoods. By contrast, parks, pharmacies, and formal childcare options register limited presence locally; investors should underwrite around lifestyle amenities that matter most to the target renter profile.
Home values are elevated for the neighborhood and sit in a high national percentile, which tends to sustain rental demand as households rely on multifamily housing over ownership. Median contract rents in the neighborhood trend above national norms, while rent-to-income metrics remain within a range that suggests manageable affordability pressure and supports retention if renewals are calibrated to local income growth.
Within a 3-mile radius, recent years show a slight population contraction alongside a modest increase in households, indicating smaller household sizes and a shift toward more households overall. Forecasts point to additional household growth and higher incomes by 2028, which should expand the renter pool and support occupancy and pricing power for well-managed assets.
Safety indicators are mixed. The neighborhood s crime rank sits below the metro median (ranked 360 out of 516), and national comparisons place the area below the median for safety. However, year-over-year trends show improvement, with both violent and property offense rates declining over the last year, according to CRE market data from WDSuite. Investors should account for security measures, lighting, and active property management to support resident satisfaction and retention.
The surrounding employment base includes corporate offices that help support workforce housing demand and commute convenience for renters: Xerox, First American Financial, Microsoft Technology Center, Prudential, and Western Digital.
- Xerox corporate offices (1.7 miles)
- First American Financial title & financial services (2.1 miles) HQ
- Microsoft Technology Center technology offices (4.0 miles)
- Prudential financial services offices (4.3 miles)
- Western Digital data storage & technology (4.5 miles) HQ
214 E Oxford St combines a renter-heavy neighborhood, high occupancy, and proximity to diversified employers, pointing to durable baseline demand. Elevated home values in the area reinforce reliance on multifamily housing, while neighborhood rent levels and rent-to-income context suggest room for disciplined renewal strategies rather than aggressive step-ups. Built in 1972, the property likely benefits from scale (100 units) and presents potential value-add or modernization opportunities to remain competitive against newer product.
According to CRE market data from WDSuite, neighborhood occupancy trends remain strong compared with metro and national benchmarks. Within a 3-mile radius, households have inched higher and are projected to grow further with rising incomes, indicating a larger renter pool over the medium term. Investors should balance these fundamentals against softer school ratings and a safety profile that trails the metro median, underwriting appropriate capex, security, and community programming.
- Renter-occupied concentration and strong neighborhood occupancy support stable leasing
- Elevated home values sustain multifamily demand and bolster retention potential
- 1972 vintage offers value-add and modernization pathways at 100-unit scale
- Diverse nearby employers underpin steady tenant demand and absorption
- Risks: below-metro safety ranking and low school ratings require proactive management