| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 38th | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14160 Red Hill Ave, Tustin, CA, 92780, US |
| Region / Metro | Tustin |
| Year of Construction | 1972 |
| Units | 92 |
| Transaction Date | 2010-10-29 |
| Transaction Price | $20,400,000 |
| Buyer | CADIGAN PINEWOOD LLC |
| Seller | PINEWOOD APARTMENTS LLC |
14160 Red Hill Ave Tustin Multifamily Investment
Neighborhood multifamily occupancy is elevated and stable, supporting consistent cash flow potential according to WDSuite’s CRE market data. Figures cited for occupancy and demand reflect neighborhood conditions rather than the property itself.
Situated in Tustin within the Anaheim–Santa Ana–Irvine metro, the property benefits from a renter-driven neighborhood profile. Renter-occupied housing is high for the area (70.3% of units), ranking 49th among 516 metro neighborhoods — above the metro median and top quartile nationally — which deepens the tenant base for multifamily assets. Neighborhood multifamily occupancy is also strong at 97.5% (ranked 156 of 516), indicating competitive performance locally and lending support to lease-up and retention.
Local incomes and home values sit in higher national percentiles, while median contract rents are similarly elevated. In a high-cost ownership market, this tends to reinforce reliance on rental housing and can support pricing power when operators manage renewals carefully and monitor rent-to-income ratios for retention risk. According to commercial real estate analysis in WDSuite, the neighborhood’s housing indicators place it in the top quartile nationally, though affordability pressure should be monitored in underwriting.
Amenity access is uneven: grocery options are strong by national standards, while cafes, parks, and pharmacies are limited within the neighborhood cluster. For investors, this mix suggests demand oriented toward convenience and daily-needs retail, with fewer lifestyle anchors within the immediate blocks. These patterns typically favor workforce-oriented product positioned on commute corridors.
Demographic statistics (aggregated within a 3-mile radius) show households increasing over the past five years with smaller average household sizes, expanding the number of renting households even as population growth has been modest. Forward-looking projections call for additional household growth and higher median incomes, which would support a larger tenant base and occupancy stability if supply remains measured.
Comparable crime data for this neighborhood are not available in the current WDSuite release. Investors typically benchmark property performance against city and metro trends and rely on multiple sources when assessing safety and loss exposure. Given the lack of specific figures here, a prudent approach is to pair on-the-ground inspections with regional datasets and insurer guidance to contextualize any risk.
The immediate area draws from a diverse white-collar employment base that supports renter demand through commute convenience, including corporate services and technology offices noted below.
- Xerox — corporate offices (1.8 miles)
- First American Financial — title and insurance services (3.2 miles) — HQ
- Microsoft Technology Center — technology offices (3.9 miles)
- Prudential — financial services offices (4.3 miles)
- Western Digital — data storage & technology (4.4 miles) — HQ
Built in 1972, the 92-unit property offers scale in a neighborhood where multifamily occupancy is high and renter concentration is deep. The vintage is somewhat newer than the neighborhood’s average stock, which can provide a competitive edge versus older comparables while still warranting capital planning for aging systems and selective renovations to drive rent positioning.
According to CRE market data from WDSuite, neighborhood-level rents and home values are elevated nationally, and the 3-mile area shows rising household counts with smaller average household sizes — dynamics that typically expand the renter pool and support occupancy stability. Strong grocery access and proximity to major employers further underpin demand, though operators should manage affordability pressure and acknowledge amenity gaps (limited parks/cafes) when crafting retention strategies.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 1972 vintage offers value-add and modernization potential relative to older local stock
- Household growth and rising incomes within 3 miles expand the tenant base
- Elevated home values in the area reinforce reliance on rental housing and pricing power
- Risks: affordability pressure, uneven amenity mix, and capex for aging building systems