| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Poor |
| Demographics | 62nd | Fair |
| Amenities | 54th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 939 E 17th St, Santa Ana, CA, 92701, US |
| Region / Metro | Santa Ana |
| Year of Construction | 1973 |
| Units | 90 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
939 E 17th St Santa Ana Multifamily Investment
Neighborhood occupancy remains solid and ownership costs are elevated for this inner-suburb pocket of Santa Ana, supporting renter demand according to WDSuite’s CRE market data. A stable tenant base and proximity to major Orange County employers underpin cash flow resilience.
Situated in Santa Ana’s inner suburbs within the Anaheim–Santa Ana–Irvine metro, the neighborhood posts strong occupancy and durable renter demand relative to national trends. Neighborhood occupancy is high and has trended upward over the past five years, while median contract rents sit in the upper range nationally. Parks are a local strength (top decile nationally), and there is a healthy mix of restaurants and groceries compared with the U.S. overall; cafes and pharmacies are less dense in the immediate area.
Within a 3-mile radius, demographic data indicate a large resident base with gradually smaller household sizes and an increase in the number of households, which typically supports a broader tenant pool and steadier leasing. A majority of housing units in the 3-mile area are renter-occupied, signaling depth for multifamily demand and potential lease retention. Household incomes in the 3-mile radius are rising, which can support rent growth management and renewal pricing.
Home values in the neighborhood are among the highest nationally, reflecting a high-cost ownership market. For multifamily investors, elevated ownership costs often sustain reliance on rental housing, reinforcing demand and helping stabilize occupancy and renewals.
The property’s early-1970s vintage aligns closely with the neighborhood’s average construction era. Given a 1973 build, investors should plan for selective capital improvements and potential value-add upgrades to keep the asset competitive against newer product in Orange County.
Safety indicators for the neighborhood rank below the metro average among 516 Anaheim–Santa Ana–Irvine neighborhoods and sit in the lower national percentiles, indicating comparatively higher reported crime than many U.S. neighborhoods. Recent data show property offense rates moving lower year over year, which is a constructive trend to monitor, while violent offense rankings remain a relative weakness. Investors typically account for these conditions through security enhancements, operations focus, and pricing strategies appropriate to submarket positioning.
Proximity to established Orange County employers supports commuter convenience and broad white-collar and tech-oriented renter demand, including Xerox, First American Financial, Microsoft, Western Digital, and Pacific Life.
- Xerox — corporate offices (1.35 miles)
- First American Financial — title & financial services (4.0 miles) — HQ
- Microsoft Technology Center — technology offices (5.79 miles)
- Western Digital — data storage & technology (6.26 miles) — HQ
- Pacific Life — insurance & investments (9.77 miles) — HQ
939 E 17th St is a 90-unit, 1973-vintage asset positioned in a high-cost ownership market where neighborhood occupancy is strong and median rents are in the upper national range. Based on commercial real estate analysis from WDSuite, the area’s elevated home values help sustain reliance on rental housing, supporting tenant retention and occupancy stability. Within a 3-mile radius, rising incomes and more households alongside smaller household sizes point to a larger renter pool over time.
The 1973 construction suggests practical capital planning and targeted value-add opportunities to enhance competitiveness versus newer Orange County stock. While neighborhood safety metrics trail metro and national benchmarks, recent property offense trends are improving; disciplined operations and amenity/security investments can mitigate risk as leasing benefits from proximity to major employers.
- High neighborhood occupancy and upper-range rents support stable cash flow
- High-cost ownership market reinforces renter reliance and renewal potential
- 3-mile radius shows more households and higher incomes, expanding the tenant base
- 1973 vintage offers value-add and systems modernization upside
- Risk: Safety metrics below metro norms; operations and security planning recommended