| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 19th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1609 W Barbara Worth Dr, El Centro, CA, 92243, US |
| Region / Metro | El Centro |
| Year of Construction | 1994 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1609 W Barbara Worth Dr El Centro Multifamily Investment
This 44-unit property built in 1994 benefits from neighborhood-level occupancy rates of 92.7%, positioning it within a rental-dominant market where nearly two-thirds of housing units serve tenants according to CRE market data from WDSuite.
The property sits in an inner suburb neighborhood that ranks 6th out of 52 metro neighborhoods for occupancy performance, indicating strong rental demand fundamentals. With 96.7% of housing units occupied by renters, the area demonstrates exceptional tenant retention characteristics that support stable cash flows.
Demographic data aggregated within a 3-mile radius shows modest population growth of 0.1% over five years, with household formation increasing 2.9% and projected household growth of 58.1% through 2028. This expansion in the renter pool supports long-term occupancy stability, particularly given the area's affordable rent-to-income ratio of 0.24.
The neighborhood's 1994 construction year aligns closely with the area average of 1986, minimizing obsolescence risk while positioning the asset for targeted capital improvements. Median contract rents of $799 rank 22nd among metro neighborhoods, with five-year rent growth of 66.2% reflecting strong pricing power in this Imperial County market.
Local amenities include strong grocery density ranking 2nd metro-wide and restaurant access ranking 4th, supporting tenant appeal. However, the area shows limited recreational amenities, with parks and cafes ranking at the bottom of metro comparisons, which may impact premium positioning relative to amenity-rich submarkets.
Crime data for this El Centro neighborhood is not currently available through local reporting systems, preventing direct safety comparisons against metro or national benchmarks. Investors should conduct independent due diligence on local crime trends and consider this data gap when evaluating tenant demographics and insurance requirements.
The neighborhood's inner suburb classification and stable occupancy metrics suggest an established residential environment, though without quantified safety rankings, security considerations should be assessed through on-site evaluation and consultation with local property management professionals familiar with the Imperial County market.
Employment data for anchor employers near this El Centro property location is not currently available in our database. Investors should research local employment centers, government facilities, and agricultural operations that typically drive rental demand in Imperial County markets.
This 44-unit El Centro property offers exposure to a rental-dominant market with neighborhood occupancy rates of 92.7% and strong tenant retention fundamentals. The 1994 construction vintage aligns with area norms while providing value-add renovation opportunities, and demographic projections within a 3-mile radius indicate substantial household growth of 58.1% through 2028, expanding the potential renter base.
According to multifamily property research from WDSuite, the neighborhood ranks 6th out of 52 metro areas for occupancy performance, with rent growth of 66.2% over five years demonstrating pricing power. The affordable rent-to-income ratio of 0.24 supports tenant retention while median home values of $74,794 create barriers to ownership that maintain rental demand.
- Strong occupancy fundamentals with 92.7% neighborhood rates and top-quartile metro ranking
- Rental-dominant market with 96.7% renter occupancy supporting tenant pool stability
- Projected household growth of 58.1% through 2028 indicates expanding renter demand
- 1994 construction vintage positions asset for strategic capital improvements and modernization
- Risk: Limited amenity density and missing crime data require additional due diligence