| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 49th | Best |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 310 N Orange Ave, Exeter, CA, 93221, US |
| Region / Metro | Exeter |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
310 N Orange Ave Exeter Multifamily Investment
This 20-unit property sits in a neighborhood ranked 8th among 142 metro neighborhoods, with commercial real estate analysis from WDSuite indicating above-average occupancy rates and strong rent-to-income fundamentals supporting tenant retention.
Located in Exeter's inner suburb setting, this neighborhood demonstrates solid fundamentals with occupancy rates of 94.6% and renter-occupied units comprising 44.1% of the housing stock. The area ranks in the top quartile nationally for rent-to-income ratios, indicating favorable affordability dynamics for tenant retention and lease renewals.
The 1972 construction year aligns with the neighborhood's average vintage of 1962, presenting potential value-add opportunities through targeted renovations and unit improvements. Demographic data within a 3-mile radius shows a median household income of $70,140 with projected growth to $112,048 by 2028, supporting rental demand as the area attracts middle-income households.
Local amenities support tenant appeal with above-average pharmacy density and restaurant access. The neighborhood's median contract rent of $806 has grown 12% over five years, while home values averaging $320,647 have increased 54% in the same period, reinforcing rental demand as ownership costs limit accessibility to homeownership for many area residents.
Projected demographic trends indicate household growth of 23% through 2028, with the renter share expected to increase to nearly 60% of housing units. This shift toward rental tenure, combined with population growth forecasts, suggests an expanding tenant base that could support occupancy stability and measured rent growth.
Crime data for this specific neighborhood is not currently available in the regional dataset. Investors should conduct independent due diligence on local safety conditions and consider consulting with local law enforcement agencies, property management companies, and municipal resources to assess security considerations that may impact tenant retention and property operations.
The neighborhood's overall A rating among 142 metro neighborhoods suggests generally positive livability conditions, though safety metrics should be verified through direct research and site visits as part of comprehensive investment analysis.
The local employment base includes corporate offices within commuting distance, providing workforce housing opportunities for area employees.
- International Paper — corporate offices (1.5 miles)
This 20-unit property built in 1972 offers value-add potential through strategic renovations while benefiting from neighborhood-level occupancy of 94.6% and favorable rent-to-income dynamics. According to CRE market data from WDSuite, the area ranks in the top quartile nationally for affordability metrics, supporting tenant retention in a market where rising home values reinforce rental demand.
Demographic projections within a 3-mile radius indicate household growth of 23% through 2028, with the renter share expected to increase to nearly 60% of housing units. The neighborhood's median rent growth of 12% over five years, combined with its inner suburb location and A-rating among metro neighborhoods, positions the property to benefit from expanding rental demand and measured rent appreciation.
- Strong occupancy fundamentals with 94.6% neighborhood-level rates
- Value-add renovation opportunities in 1972-vintage building
- Projected 23% household growth supporting rental demand through 2028
- Rising home values sustaining rental market reliance
- Risk: Limited employer diversity may impact tenant base stability