| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 77th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3329 S Bear St, Santa Ana, CA, 92704, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1978 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3329 S Bear St Santa Ana Multifamily Investment
This 96-unit property targets Orange County's robust rental market, with neighborhood occupancy at 94.5% and strong renter demand fundamentals according to CRE market data from WDSuite.
This Santa Ana neighborhood ranks in the top quartile nationally for demographics, with 72.8% renter-occupied housing units supporting consistent multifamily demand. The area demonstrates strong amenity density, ranking 17th among 516 metro neighborhoods for restaurant access and achieving high national percentiles for cafes (97th), grocery stores (91st), and pharmacies (98th).
The property's 1978 construction year aligns with the neighborhood average of 1976, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Median contract rents of $2,301 have grown 27.3% over the past five years, while the current 94.5% occupancy rate reflects stable absorption despite a slight decline from historical levels.
Demographics within a 3-mile radius show household income growth potential, with median income projected to increase from $101,762 to $134,570 by 2028. This 32.2% projected growth supports rental demand as elevated home values ($695,319 median) limit ownership accessibility. The area's 54.2% renter share is expected to remain stable, reinforcing long-term tenant pool depth.
Schools average 3.3 out of 5 stars, ranking above metro median, while the neighborhood's urban core classification provides transit connectivity. However, investors should note the area lacks parks (0 per square mile) and faces rent-to-income pressures that may affect lease retention strategies.
Safety metrics present mixed signals for this Santa Ana neighborhood. Property crime rates rank 437th among 516 metro neighborhoods (11th percentile nationally), indicating elevated property offense levels compared to both regional and national benchmarks. However, property crime has declined 19% year-over-year, suggesting improving trends.
Violent crime rates rank 455th of 516 neighborhoods (8th percentile nationally), with a modest 3.8% increase over the past year. While these metrics warrant consideration in tenant screening and property management strategies, investors should evaluate security measures and insurance implications as part of their due diligence process.
The surrounding employment base includes major corporate headquarters and offices within commuting distance, supporting workforce housing demand from professional and financial services sectors.
- First American Financial Corporation — financial services (1.9 miles)
- First American Financial — insurance headquarters (1.9 miles) — HQ
- Microsoft Technology Center — technology offices (3.6 miles)
- Western Digital — technology headquarters (3.8 miles) — HQ
- Pacific Life — insurance headquarters (5.9 miles) — HQ
This 96-unit Santa Ana property offers exposure to Orange County's stable rental fundamentals, with neighborhood occupancy maintaining 94.5% levels and projected household growth supporting long-term tenant demand. The 1978 vintage presents value-add renovation opportunities, while the area's 72.8% renter share provides a deep tenant pool. Elevated home values sustain rental demand by limiting ownership accessibility for area households.
According to multifamily property research from WDSuite, the neighborhood ranks in the top quartile nationally for demographics and amenity access, with strong restaurant and retail density supporting tenant retention. However, investors should factor safety considerations and potential rent-to-income pressures into their underwriting and management strategies.
- Strong rental market fundamentals with 94.5% neighborhood occupancy
- Value-add potential from 1978 construction requiring strategic capital improvements
- Projected 32% household income growth supporting rental demand through 2028
- Proximity to major corporate employers including First American Financial and Western Digital
- Risk considerations include elevated crime metrics and rent-to-income pressure requiring active management