| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 21st | Poor |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 317 S Flower St, Santa Ana, CA, 92703, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | 2019-10-09 |
| Transaction Price | $3,535,000 |
| Buyer | Michael A & Nermine J Malki |
| Seller | Manjit Singh & Bhupinder Kaur Sagoo |
317 S Flower St, Santa Ana Multifamily Investment
Stabilized renter demand and high neighborhood occupancy indicate durable cash flow potential, according to WDSuite’s CRE market data. The property’s mid‑1980s vintage offers value‑add levers while competing against older local stock.
Situated in Santa Ana’s Urban Core within the Anaheim–Santa Ana–Irvine metro, the neighborhood shows strong usage of local amenities—grocery and dining density sit in the upper national percentiles—supporting daily convenience and renter retention. Neighborhood occupancy is elevated (measured for the neighborhood, not the property) and ranks 146 out of 516 metro neighborhoods, which is competitive among Anaheim–Santa Ana–Irvine submarkets, based on CRE market data from WDSuite.
The area’s housing stock skews older (average construction year 1944 across the neighborhood), positioning a 1985 asset as relatively newer versus local comparables—often translating to lower near‑term capital intensity, with selective modernization still prudent for systems and finishes.
Renter demand is supported by a high share of renter‑occupied housing units in the neighborhood (58.9% renter concentration), indicating a deep tenant base and potential leasing stability for multifamily assets. Median contract rents and household incomes trend above national levels, while the neighborhood’s rent‑to‑income ratio suggests manageable affordability that can aid renewal rates.
Within a 3‑mile radius, demographics indicate a modest population dip alongside an increase in households and smaller average household sizes—factors that can expand the renter pool and sustain occupancy. Elevated home values in the neighborhood relative to income levels create a high‑cost ownership market, which typically reinforces reliance on multifamily rentals and supports pricing power when paired with sound lease management and amenities.
Safety indicators are mixed when viewed against regional and national benchmarks. The neighborhood’s overall crime rank is 341 out of 516 metro neighborhoods, signaling below‑average safety versus the metro. Nationally, the area sits in lower safety percentiles; however, recent year‑over‑year trends point to improvement, with both violent and property offense rates declining. These directional shifts should be monitored as part of ongoing risk assessment and insurance/operations planning.
Nearby corporate employers provide a diversified white‑collar and tech‑services employment base that supports renter demand and commute convenience for workforce tenants. The list below highlights key names within commuting distance that can underpin leasing stability: Xerox, First American Financial, Microsoft Technology Center, Prudential, and Western Digital.
- Xerox — corporate offices (2.0 miles)
- First American Financial — title & financial services (2.9 miles) — HQ
- Microsoft Technology Center — technology solutions (5.0 miles)
- Prudential — financial services (5.2 miles)
- Western Digital — data storage (5.4 miles) — HQ
317 S Flower St is a 20‑unit, mid‑1980s asset in Santa Ana’s Urban Core. Neighborhood occupancy is high and renter concentration is elevated, supporting a larger tenant base and potential renewal stability. The 1985 vintage is newer than much of the local stock, suggesting moderate capital needs with room for value‑add through targeted renovations. Elevated neighborhood home values relative to income levels indicate a high‑cost ownership market that tends to sustain multifamily demand, while a smaller average household size within 3 miles points to ongoing renter pool expansion.
According to CRE market data from WDSuite, the neighborhood’s occupancy performance is competitive within the metro and amenity access ranks favorably, both of which can aid leasing velocity for smaller average unit sizes (575 sf). Key risks include below‑average safety metrics and uneven school ratings, which warrant prudent underwriting, security planning, and marketing focused on unit quality and commute convenience.
- Elevated neighborhood occupancy and deep renter base support cash flow stability
- 1985 vintage offers value‑add potential while competing against older local stock
- High‑cost ownership landscape reinforces multifamily demand and pricing power
- Amenity‑rich urban setting can bolster leasing velocity for smaller units
- Risks: below‑average safety and school quality—underwrite security, tenant profile, and insurance accordingly