| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 19th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1750 W Main St, El Centro, CA, 92243, US |
| Region / Metro | El Centro |
| Year of Construction | 1990 |
| Units | 52 |
| Transaction Date | 2024-04-15 |
| Transaction Price | $3,630,000 |
| Buyer | ANTHEM R/E VENTURES INC |
| Seller | 1750 MAIN STREET LLC |
1750 W Main St El Centro Multifamily Investment
This 52-unit property built in 1990 sits in a neighborhood with 96th percentile rental occupancy share, indicating strong renter demand fundamentals according to CRE market data from WDSuite.
This El Centro inner suburb neighborhood demonstrates strong rental market fundamentals, ranking in the top quartile nationally with 96th percentile rental occupancy share among metro neighborhoods. With 65.7% of housing units occupied by renters within a 3-mile radius, the area maintains a robust tenant base that supports occupancy stability at 92.7%.
The 1990 construction year aligns with the neighborhood average of 1986, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit appeal and rental premiums. Median contract rents of $799 with 66% growth over five years reflect improving rental dynamics, though rent-to-income ratios suggest affordability considerations for lease management.
Demographic projections within a 3-mile radius show household growth of 58% expected through 2028, with median household income forecast to rise 30% to $88,207. This expanding renter pool should support continued occupancy stability and potential for measured rent growth. The neighborhood's amenity profile includes above-average grocery store density at 6.30 per square mile, ranking 2nd among 52 metro neighborhoods, which enhances tenant retention appeal.
Home values averaging $74,794 with elevated ownership costs relative to local incomes sustain rental demand by limiting accessibility to homeownership. The area's COVID-resilient job base, with 8.1% employment in essential sectors ranking in the 79th percentile nationally, provides workforce stability that supports lease renewal rates.
Crime data for this neighborhood is not currently available in the market database, preventing detailed safety trend analysis. Investors should conduct independent due diligence on local crime statistics and consult with law enforcement agencies for current safety conditions when evaluating this property.
Employment data for major employers near this El Centro location is not currently available in the market database. Investors should research local employment centers, government facilities, and agricultural operations that typically anchor the Imperial Valley workforce to assess tenant demand stability.
This 52-unit El Centro property offers exposure to a rental market with exceptional occupancy fundamentals, ranking 96th percentile nationally for renter-occupied housing share. The 1990 vintage presents potential value-add opportunities through strategic renovations while benefiting from neighborhood-level occupancy rates of 92.7%. Demographic projections indicate household growth of 58% through 2028 with rising median incomes, expanding the potential tenant base significantly.
The property's location benefits from essential job sector concentration and grocery store density that ranks 2nd among 52 metro neighborhoods, supporting tenant retention. However, investors should note the current median rent of $799 and evaluate rent-to-income dynamics for sustainable growth strategies, based on multifamily property research from WDSuite.
- 96th percentile rental occupancy share demonstrates strong renter demand
- 58% projected household growth through 2028 expands tenant pool
- 1990 construction offers value-add renovation potential
- COVID-resilient employment base supports lease stability
- Risk: Limited amenity diversity and school ratings require tenant retention focus