| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 29th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17271 McFadden Ave, Tustin, CA, 92780, US |
| Region / Metro | Tustin |
| Year of Construction | 1977 |
| Units | 73 |
| Transaction Date | 1997-06-23 |
| Transaction Price | $2,400,000 |
| Buyer | JH PROPERTIES INC |
| Seller | FARMERS & MERCHANTS BANK OF LONG BEACH |
17271 McFadden Ave, Tustin CA Multifamily Investment
Neighborhood occupancy remains high with a deep renter base in an Orange County submarket where ownership costs are elevated, according to CRE market data from WDSuite. For investors, that combination points to durable demand and steady leasing fundamentals.
The property sits within an Urban Core neighborhood in Tustin with strong day-to-day convenience. Grocery access is exceptional (among the highest concentrations nationally), and dining density ranks near the top nationwide, with cafes and parks similarly robust. Limited pharmacy options locally may require short trips to adjacent areas, but overall amenity coverage supports resident retention and leasing velocity.
Neighborhood occupancy is strong and has trended stable in recent years, while the area shows a high share of renter-occupied housing units. That renter concentration indicates a sizable tenant pool and supports multifamily demand depth. Median asking rents in the neighborhood place it in the upper tiers nationally, reinforcing the need for thoughtful rent positioning and renewal strategies.
Within a 3-mile radius, households have increased in recent years and are projected to grow further through 2028, alongside rising incomes. This points to a larger tenant base over the medium term, supporting occupancy stability and absorption. Framed for investors, this local growth—paired with Orange County commute connectivity—underpins consistent demand for professionally managed apartment product.
Home values in the neighborhood rank high nationally, creating a high-cost ownership market that tends to sustain reliance on rentals and can bolster pricing power for well-operated assets. School ratings trend below national averages, which can be a consideration for family-oriented leasing but is often offset in Urban Core locations by employment access and amenity proximity. These dynamics, based on multifamily property research from WDSuite, suggest the submarket favors rental housing over ownership for a meaningful share of households.
Safety indicators for the neighborhood are mixed but show improvement trends. The area tracks around the middle of the pack nationally on overall crime (slightly better than average by national percentile), while recent data points to meaningful year-over-year declines in both violent and property offenses. In practical terms, investors should view current safety as serviceable for workforce and commuter renters, with positive momentum according to WDSuite’s CRE market data.
As with most Urban Core locations, on-site security practices, lighting, and resident engagement can help maintain stability. Monitoring neighborhood trends versus the broader Anaheim–Santa Ana–Irvine metro remains prudent as part of asset management.
Nearby corporate offices provide a diversified employment base that supports renter demand and lease retention, particularly for workforce and professional tenants. Key employers within an approximate 5-mile radius include Xerox, First American Financial, Microsoft Technology Center, Prudential, and Western Digital.
- Xerox — corporate offices (1.1 miles)
- First American Financial — corporate offices (2.9 miles) — HQ
- Microsoft Technology Center — corporate offices (4.0 miles)
- Prudential — corporate offices (4.4 miles)
- Western Digital — corporate offices (4.5 miles) — HQ
Built in 1977, the asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older properties while still presenting potential for targeted modernization to drive rent premium and retention. The neighborhood shows high occupancy and a large share of renter-occupied units, supported by strong amenity access and proximity to major employers. Elevated home values in this Orange County location indicate a high-cost ownership market, which typically sustains rental demand and supports pricing for well-managed assets.
According to CRE market data from WDSuite, neighborhood occupancy trends remain solid and rent levels benchmark in the upper tiers nationally, reinforcing the case for steady cash flow when paired with disciplined lease management. Forward-looking demographics within a 3-mile radius point to household growth and rising incomes through 2028, expanding the renter pool and supporting long-term leasing fundamentals. Key watch items include resident affordability pressure and below-average school ratings, which argue for careful unit mix strategy and amenity programming.
- High neighborhood occupancy and deep renter base support leasing stability
- 1977 vintage offers competitive positioning versus older stock with value-add upside
- High-cost ownership market reinforces reliance on rentals and pricing power
- Proximity to major employers underpins demand from professional and workforce renters
- Risks: rent-to-income pressure and below-average school ratings warrant active lease and amenity strategy