| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 38th | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14101 Browning Ave, Tustin, CA, 92780, US |
| Region / Metro | Tustin |
| Year of Construction | 1974 |
| Units | 47 |
| Transaction Date | 1995-02-07 |
| Transaction Price | $3,045,000 |
| Buyer | ARAKELIAN RON |
| Seller | PATIERNO JEAN |
14101 Browning Ave, Tustin CA — Multifamily Investment
Neighborhood occupancy trends are historically strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable performance for well-managed assets in Tustin. This concise commercial real estate analysis points to resilient leasing fundamentals with room for value-add execution.
The property sits in Tustin within the Anaheim–Santa Ana–Irvine metro, an Urban Core neighborhood where occupancy is high and renter demand is durable. Neighborhood occupancy is 97.5% (top quartile nationally), signaling historically tight leasing conditions that can underpin cash flow stability for comparable assets, per WDSuite’s CRE market data.
Retail and daily-needs access skew toward essentials: grocery density ranks in the national top decile, while childcare availability is also very strong. By contrast, cafes, pharmacies, and park access are limited in the immediate area, which may slightly temper lifestyle appeal but does not typically disrupt core tenant demand for workforce-oriented multifamily.
Renter concentration is high with about 70% of housing units renter-occupied in the neighborhood, indicating a deep tenant base and consistent leasing velocity for multifamily operators. Median contract rents in the neighborhood and the broader 3-mile area are elevated relative to national norms, reflecting Orange County’s high-cost ownership market. Elevated home values (roughly top decile nationally) tend to reinforce reliance on rental housing and can support pricing power, though lease management should account for a rent-to-income ratio near 0.29 to mitigate affordability pressure and retention risk.
Within a 3-mile radius, demographics show modest population growth alongside a larger increase in households and a trend toward smaller household sizes over the past five years. Forecasts indicate additional gains in households and incomes through 2028, contributing to a larger tenant base and supporting occupancy stability. The property’s 1974 vintage is slightly newer than the neighborhood’s average construction year (1965), suggesting typical 1970s systems; investors may evaluate targeted renovations and capital planning to stay competitive with newer inventory while capturing value-add upside.
Neighborhood-level crime metrics are not available in WDSuite’s current dataset for this location. Investors typically benchmark safety alongside occupancy, income trends, and retention outcomes across Anaheim–Santa Ana–Irvine submarkets to evaluate relative risk. Where data is limited, prudent underwriting often incorporates on-the-ground observations, property operations history, and comparable neighborhood trends rather than block-level assumptions.
Proximity to established corporate offices supports a broad commuter tenant base and can aid retention for workforce housing. Nearby employers include Xerox, First American Financial, Microsoft Technology Center, Prudential, and Western Digital.
- Xerox — corporate offices (2.2 miles)
- First American Financial — title & financial services (3.4 miles) — HQ
- Microsoft Technology Center — technology (3.9 miles)
- Prudential — financial services (4.3 miles)
- Western Digital — data storage (4.3 miles) — HQ
14101 Browning Ave benefits from tight neighborhood occupancy (top quartile nationally) and a high share of renter-occupied housing, supporting steady tenant demand. Elevated home values across Orange County bolster rental reliance, while 3-mile demographics point to household growth and rising incomes that can sustain leasing and measured rent growth over the medium term. According to CRE market data from WDSuite, neighborhood rent levels and occupancy compare favorably to national benchmarks, though affordability management remains important.
Built in 1974, the asset may offer value-add potential through targeted renovations and system updates to remain competitive versus newer stock. Operators should balance pricing strategy against a rent-to-income ratio near 0.29 and the area’s limited park/cafe amenities, while leveraging proximity to major employers to support retention.
- High neighborhood occupancy and deep renter base support cash flow stability
- Elevated ownership costs reinforce multifamily demand and pricing power
- 1974 vintage presents targeted value-add/modernization opportunities
- 3-mile outlook shows household growth and income gains supporting demand
- Risks: affordability pressure (rent-to-income near 0.29), limited nearby parks/cafes