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75-057
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75-057
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6/26/2003 10:46:47 AM
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City Clerk
Doc Type
Resolution
Doc #
75-57
Date
5/5/1975
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combined with a rent increase, had contributed to the rate at that time. <br />It was anticipated that their vacancy problems would be rectified in short <br />order bY the managers of both complexes, <br /> <br /> The vacancy rate by unit type breakdown shows bachelor units to <br />the highest at 11.6 percent with 42 units vacant out of 363. One bedroom <br />units were close to the overall City average with 5.2 percent vacant (1,57 <br />out of 2,642 units). Two-bedroc~ units had the lowest vacancy, with the <br />110 vacant units out of 2,394 total producing a 4.6 percent rate. The <br />three-bedroom or more category had a vacancy rate of 5.9 percent, with 21 <br />of 358 units vacant. The total of ,510 vacancies for 5,757 units resulted <br />in the overall City rate of 5.4 percent. <br /> <br /> The curve of units by type was slightly skewed toward the smaller <br />unit categories. One bedro~n units (45.9%) were predominant. Bachelor and <br />three-plus-bedroom units were almost equivalent with 565 and 558 units re~ <br />spectively. The bulk of three-bedroom units were found in a single census <br />tract; 741.05 had 19Z of the 5S8 or 54 percent. The structural age of units <br />showed the newer units to be on the southern and eastern frings of the City, <br />and the units over 20 years old concentrated in the Central Corridor Area <br />and the northern and southwestern areas along the eastern boundary of the <br />Santa Ana River. <br /> <br /> Rent Structure: Rents ranged from a high average of $202.00 per <br />month to a low of $85.00 for Census Tracts 740.01 and 742.00 respectively. <br />The areas of lowest average monthly rents were located in the central body <br />of the City between Edinger Avenue and Seventeenth Street on the .north and <br />south and the Santa Aha Freeway on the west and east. The high average <br />rent value areas were in the south part of Santa Aha or more recent multiple- <br />unit developments and in the northeast sector of the City, north of the <br />Santa Ana Freeway and Santiago Creek. The average rent for bachelor units <br />was $1,51.00/mo., one bedroom units, $155.00/mo.; two bedroom units, $170.00/mo. <br />three or more bedrooms, $194.00/mo. The average rent for all survey units <br />throughout the City of Santa Arm was $161.00. This would indicate an approxi- <br />mate increase in rent of 21 percent from the $135.00 (median rent) ~igure of <br />the 1970 census. <br /> <br /> Target Areas: Of the 5,757 units for which information was gener- <br />ated, 469 (§%) were units within target areas as discussed in C~apterVII. <br />There were 101 bachelor units with an average rent of $95.50, 227 one bedroom <br />units at $108.50, 151 two-bedroomunits at $128.00, and 9 three-plus-bedroom <br />units at $116.00 per month. The average target area monthly rent, regardless <br /> <br />000141. <br /> <br /> <br />
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