| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 18th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 717 N Garfield St, Santa Ana, CA, 92701, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1979 |
| Units | 30 |
| Transaction Date | 2004-03-31 |
| Transaction Price | $3,200,000 |
| Buyer | PATEL CHANDULAL K |
| Seller | VANHUYNH THO |
717 N Garfield St, Santa Ana Multifamily Investment
Neighborhood occupancy has remained high relative to many U.S. locations, supporting leasing stability for a 30-unit asset, according to WDSuite’s CRE market data. The analysis reflects neighborhood trends rather than the property’s own performance.
Situated in Santa Ana’s Urban Core, the property benefits from dense amenity coverage. The neighborhood ranks 16th of 516 metro neighborhoods for overall amenities and sits in the top quartile nationally, with groceries, parks, pharmacies, and cafes testing well above national percentiles. This depth of daily-needs retail can support renter convenience and retention.
Multifamily fundamentals in the surrounding neighborhood trend favorable: occupancy is 96.8% (above most U.S. areas) and ranks in the upper half of the Anaheim–Santa Ana–Irvine metro, per WDSuite. Rents have grown over the past five years at the neighborhood level, and median contract rents are above national norms, signaling durable demand. Note these metrics describe neighborhood conditions, not the subject property’s own occupancy or rent roll.
Tenure patterns show a high renter-occupied share in the neighborhood (about 88%), indicating a deep tenant base for multifamily. At the same time, elevated home values and a high value-to-income ratio in the neighborhood point to a high-cost ownership market, which can reinforce reliance on rental housing and support pricing power when managed carefully.
Within a 3-mile radius, households have increased modestly and are projected to grow further even as average household size trends smaller, implying a broader renter pool over time. Income levels have been rising, and forecast rent levels are expected to move higher, which together suggest ongoing support for occupancy and rent growth when paired with asset-specific renovations and positioning.
Safety indicators are mixed and should be underwritten carefully. The neighborhood’s overall crime rank is 377th out of 516 metro neighborhoods, indicating higher reported crime than many parts of the Anaheim–Santa Ana–Irvine area. Nationally, the neighborhood sits below average for safety; however, property offenses have shown a meaningful year-over-year decline, suggesting some improvement in reported incidents.
Violent offense measures benchmark in a low national percentile, so investors may want to incorporate enhanced security measures, lighting, and community management into operating plans. As always, these are neighborhood-level trends rather than block-specific conditions, and current, property-level data and on-the-ground diligence are recommended.
Nearby corporate employers provide a diversified white-collar employment base that can support renter demand and retention, including Xerox, First American Financial, Microsoft Technology Center, Western Digital, and Pacific Life.
- Xerox — document solutions (1.2 miles)
- First American Financial — title insurance (3.4 miles) — HQ
- Microsoft Technology Center — enterprise technology center (5.3 miles)
- Western Digital — data storage (5.7 miles) — HQ
- Pacific Life — life insurance (9.2 miles) — HQ
717 N Garfield St is a 30-unit, 1979-vintage multifamily asset positioned in an amenity-rich Urban Core location with strong neighborhood occupancy and a deep renter base. The vintage is newer than the local average stock, which can be competitive versus older buildings, though investors should plan for systems modernization and targeted renovations to capture value-add upside. According to CRE market data from WDSuite, neighborhood occupancy remains above national norms and the local amenity rank is competitive within the metro, both supportive of leasing stability when paired with effective operations.
Within a 3-mile radius, households have grown and are projected to expand further while average household size declines, pointing to a larger renter pool over time. Elevated neighborhood home values relative to incomes signal a high-cost ownership environment, which can sustain rental demand and support pricing, though rent-to-income levels warrant prudent lease management and renewal strategies.
- Amenity-dense Urban Core location with above-average neighborhood occupancy supporting leasing stability.
- 1979 construction offers competitive positioning versus older stock with value-add and systems-upgrade potential.
- Deep renter-occupied neighborhood and high-cost ownership market reinforce multifamily demand.
- 3-mile household growth and shrinking household size indicate a broadening renter pool.
- Risks: below-average safety benchmarks and rent-to-income pressures require active management and security planning.