| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 38th | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1731 Mitchell Ave, Tustin, CA, 92780, US |
| Region / Metro | Tustin |
| Year of Construction | 1973 |
| Units | 94 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1731 Mitchell Ave Tustin Multifamily Investment Opportunity
Neighborhood fundamentals point to durable renter demand and high occupancy in this Tustin Urban Core location, according to WDSuite’s CRE market data. These metrics reference the surrounding neighborhood, not the property, and suggest stable income performance for professionally managed assets.
Situated in Tustin’s Urban Core, the neighborhood posts high occupancy and solid income performance relative to peers. Based on WDSuite’s CRE market data, neighborhood occupancy is Competitive among Anaheim–Santa Ana–Irvine neighborhoods (ranked 156 of 516) and in the top quartile nationally (86th percentile), supporting income stability for multifamily operators.
Operating metrics also trend favorable: neighborhood NOI per unit averages are in the top quartile among 516 metro neighborhoods (rank 93) and strong nationally (84th percentile). Renter-occupied housing concentration is elevated (about 70% of units are renter-occupied; rank 49 of 516, 97th percentile nationally), indicating a deep tenant base and reinforcing multifamily demand across cycles.
Daily-needs access is a mixed picture. Grocery access is strong (Competitive locally at rank 135 of 516 and 93rd percentile nationally) and childcare density is top quartile locally (rank 42 of 516) and very strong nationally (98th percentile). Restaurant options score well nationally (77th percentile) though fall below the metro median (rank 330 of 516). Parks, cafes, and pharmacies are limited within the immediate neighborhood (each at the bottom of the metro distribution), so investors should underwrite amenity-driven retention through onsite offerings or nearby submarkets.
The property’s 1973 vintage is modestly newer than the neighborhood’s average construction year (1965). For investors, that positions the asset as relatively competitive versus older stock while still warranting targeted modernization of interiors, systems, and curb appeal to drive rent premiums and reduce long-term capital surprises.
Within a 3-mile radius, demographics show a stable population with a recent increase in households and smaller average household sizes, expanding the potential renter pool. Forecasts point to continued household growth over the next five years, which can support occupancy and lease-up, while rising incomes in the area underpin current rent levels. Elevated home values (89th percentile nationally) signal a high-cost ownership market, which tends to sustain reliance on rental housing and can aid pricing power when supported by property quality and management.
Comparable neighborhood crime metrics were not available in WDSuite’s current release for this location. Investors typically benchmark safety using broader Anaheim–Santa Ana–Irvine trends and local law enforcement reports, then underwrite security and lighting standards consistent with Class B suburban-urban assets. Absent ranked data, prudent underwriting should focus on property-level measures and resident feedback.
Nearby corporate offices support a diverse employment base and commute convenience for renters, with concentration in technology, financial services, and enterprise operations from Xerox, First American Financial, Microsoft Technology Center, Prudential, and Western Digital.
- Xerox — corporate offices (1.9 miles)
- First American Financial — financial services (3.2 miles) — HQ
- Microsoft Technology Center — technology/client solutions (3.8 miles)
- Prudential — financial services (4.2 miles)
- Western Digital — data storage & technology (4.3 miles) — HQ
This 94-unit, 1973-vintage asset sits in a renter-heavy pocket of Tustin where neighborhood occupancy and NOI performance compare favorably at the metro level and land in the top quartile nationally. According to CRE market data from WDSuite, a high share of renter-occupied housing, strong grocery and childcare access, and an ownership market with elevated home values collectively support multifamily demand, lease retention, and pricing power for well-managed properties.
The vintage is somewhat newer than the area’s average, suggesting relative competitive positioning versus older stock while leaving room for targeted value-add: interior modernization, building systems planning, and curb appeal upgrades. Underwriting should also consider household growth within 3 miles and the likelihood of a larger renter pool, balanced against localized amenity gaps and rent-to-income considerations that call for disciplined lease management.
- High neighborhood occupancy and top-quartile NOI trends support income stability.
- Deep renter base (high renter-occupied share) underpins steady demand and leasing velocity.
- 1973 vintage offers value-add potential and competitive positioning versus older area stock.
- Strong grocery/childcare access and nearby employers aid retention despite limited parks/cafes locally.
- Risks: localized amenity gaps and near-30% rent-to-income call for careful leasing and renewal strategies.