| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 72nd | Good |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4792 Lakeview Ave, Yorba Linda, CA, 92886, US |
| Region / Metro | Yorba Linda |
| Year of Construction | 2002 |
| Units | 78 |
| Transaction Date | 2005-10-04 |
| Transaction Price | $18,100,000 |
| Buyer | SZR Yorba Linda |
| Seller | CRP Yorba Linda |
4792 Lakeview Ave Yorba Linda Multifamily Investment
This 78-unit property built in 2002 operates in a high-income Orange County neighborhood with 93.4% occupancy rates and median household incomes exceeding $164,000, according to CRE market data from WDSuite.
Yorba Linda represents a stable inner suburban market within the Anaheim-Santa Ana-Irvine metro, ranking in the top 6% nationally among neighborhoods for overall investment fundamentals. The area maintains a median household income of $164,246 within a 3-mile radius, with 28.4% of households earning above $200,000 annually. Population growth of 2.3% over the past five years supports sustained rental demand, while demographic projections indicate continued household formation through 2028.
The neighborhood demonstrates strong occupancy fundamentals with 93.4% occupancy rates and median contract rents of $2,452, positioning above regional averages. Housing unit tenure shows 34.1% renter occupancy, creating a substantial rental pool. The area's construction vintage averages 1988, with this 2002-built property offering competitive positioning relative to older neighborhood stock while avoiding extensive near-term capital expenditure needs typical of pre-1990s multifamily assets.
Amenity density supports tenant retention with above-average access to grocery stores, restaurants, and childcare facilities. The neighborhood ranks in the 96th percentile nationally for school quality with an average rating of 4.66 out of 5, appealing to family-oriented renters. High home values at a median of $977,295 reinforce rental demand by maintaining elevated ownership costs that sustain renter reliance on multifamily housing options.
Crime metrics show mixed trends with property offense rates declining 42.5% year-over-year, indicating improving security conditions. The neighborhood ranks in the middle tier among Orange County's 516 neighborhoods for overall crime, with violent offense rates also trending downward by 33.7% annually. While property crime rates remain elevated relative to some metro areas, the recent declining trajectory suggests stabilizing security conditions that support tenant retention and leasing activity.
The surrounding employment base includes major corporate offices within commuting distance, supporting workforce housing demand from professional and technical sectors.
- United Technologies — aerospace & defense (3.2 miles)
- Mckesson Medical Surgical — healthcare services (9.3 miles)
- Ryder Vehicle Sales — transportation services (9.9 miles)
- Xerox — business services (10.2 miles)
- First American Financial — financial services (13.4 miles) — HQ
This 78-unit Yorba Linda property capitalizes on Orange County's high-income demographic profile and stable occupancy fundamentals. Built in 2002, the asset avoids extensive near-term capital expenditure typical of older vintage multifamily while benefiting from neighborhood median household incomes exceeding $164,000. Commercial real estate analysis indicates sustained rental demand supported by elevated home ownership costs and continued household formation within the 3-mile radius.
The neighborhood's 93.4% occupancy rate and declining crime trends create favorable operating conditions, while proximity to major employers including United Technologies and First American Financial headquarters supports workforce housing demand. Demographics project continued population and household growth through 2028, reinforcing the tenant base for long-term lease stability.
- High-income tenant pool with median household incomes of $164,246 supports rent growth potential
- 2002 construction vintage offers competitive positioning without extensive near-term capital needs
- Strong neighborhood occupancy at 93.4% indicates stable rental demand fundamentals
- Elevated home values at $977,295 median reinforce rental market participation
- Monitor property crime trends despite recent 42.5% improvement in offense rates