| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Fair |
| Demographics | 71st | Good |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2030 N Derek Dr, Fullerton, CA, 92831, US |
| Region / Metro | Fullerton |
| Year of Construction | 1976 |
| Units | --- |
| Transaction Date | 2003-02-04 |
| Transaction Price | $188,500 |
| Buyer | CHUI ROBERT TAK KWONG |
| Seller | LEE MARGARET TAK YING CHUI |
2030 N Derek Dr Fullerton Value-Add Multifamily
Steady renter demand in an Urban Core pocket of Fullerton supports occupancy resilience, according to WDSuite’s CRE market data. With elevated ownership costs nearby, this asset benefits from a larger renter pool and potential pricing power.
Located in Fullerton within the Anaheim–Santa Ana–Irvine metro, the neighborhood shows balanced fundamentals for multifamily. Neighborhood occupancy is above the national median, and renter-occupied housing accounts for a substantial share locally, indicating a deep tenant base that can support leasing stability. Median contract rents in the neighborhood rank in the upper tier nationally, while the rent-to-income profile trends manageable for the area, suggesting room for disciplined revenue management rather than outsized concessions.
Daily needs access is a relative strength: grocery availability is strong (high national percentile), while destination amenities such as cafes and parks are thinner in the immediate blocks. For investors, this mix points to dependable convenience for residents with limited on-block lifestyle options—factors to consider for on-site amenity programming and retention strategy.
Schools are a notable plus, with the neighborhood s average school rating landing in the top quartile nationally, which can bolster family renter appeal and lease retention. Relative to other Anaheim–Santa Ana–Irvine neighborhoods (516 total), overall performance sits above the metro median, making it competitive among peers without relying on premium submarket dynamics.
Within a 3-mile radius, demographics show modest population growth over the past five years and an increase in households, expanding the renter pool. Forecasts indicate further household gains alongside smaller average household sizes, which typically support multifamily demand through a larger base of potential renters and sustained occupancy. High median home values in the neighborhood signal a high-cost ownership market; in practice, that dynamic tends to reinforce reliance on rental housing and can support pricing power when paired with income growth.
Safety trends are comparatively favorable in context. The neighborhood s crime rank is competitive among Anaheim–Santa Ana–Irvine neighborhoods (129 out of 516), and it sits above the national median on safety measures. Recent year-over-year declines in both property and violent incidents, as reflected in WDSuite data, point to improving conditions. While no area is risk-free, the directional improvement and relative standing suggest stability versus broader benchmarks.
Proximate corporate employment anchors support renter retention via short commutes and diversified office/industrial roles. Notable nearby employers include United Technologies, LKQ, International Paper, Xerox, and First American Financial.
- United Technologies corporate offices (1.9 miles)
- LKQ corporate offices (9.3 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging corporate offices (10.2 miles)
- Xerox corporate offices (10.2 miles)
- First American Financial corporate offices (13.0 miles) HQ
2030 N Derek Dr is a 1976-vintage, 84-unit asset positioned to capture durable renter demand in an Urban Core location. Neighborhood metrics point to above-median occupancy and a sizable share of renter-occupied housing units, supporting leasing stability. High home values locally create a high-cost ownership backdrop, which often sustains reliance on rental housing; paired with solid income levels and rents in the upper national tier, this can support measured pricing power. According to commercial real estate analysis from WDSuite, schools test well versus national benchmarks and grocery access is strong, while thinner nearby lifestyle amenities suggest on-site enhancements can further improve retention.
Given its 1976 construction, investors should plan for ongoing system modernization and selective renovations to remain competitive against newer stock. Demographic trends within a 3-mile radius show steady population and household growth, with forecasts indicating more households and smaller average household sizes—conditions that typically expand the tenant base and support occupancy over time.
- Competitive neighborhood standing with above-median occupancy and strong renter concentration supporting demand
- High-cost ownership market reinforces sustained reliance on multifamily and measured pricing power
- Strong school ratings and grocery access enhance family appeal and lease retention
- 1976 vintage offers value-add via system upgrades and interior enhancements to compete with newer assets
- Risk: Limited immediate lifestyle amenities and capex needs require active asset management to sustain performance