| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 19th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1798 W Euclid Ave, El Centro, CA, 92243, US |
| Region / Metro | El Centro |
| Year of Construction | 2009 |
| Units | 72 |
| Transaction Date | 2006-11-27 |
| Transaction Price | $1,300,000 |
| Buyer | IMPERIAL GARDENS FAMILY ASSOCIATES |
| Seller | GADDIS DAVID |
1798 W Euclid Ave, El Centro Multifamily Investment
Stabilizing neighborhood fundamentals and a high renter concentration point to durable demand, according to WDSuite’s CRE market data. The property’s 2009 vintage provides relative competitiveness versus older local stock while still allowing for targeted modernization.
Located in an Inner Suburb of El Centro, the neighborhood trends show leasing resilience and everyday convenience that support multifamily performance. Neighborhood occupancy is competitive among El Centro neighborhoods (ranked 6th out of 52), indicating above-metro stability over the last five years.
Local amenity access is mixed. Grocery and dining density are strengths — grocery options rank near the top of the metro (2nd of 52) and are in the top quartile nationally, while restaurants also score in the top quartile nationwide. Other amenities such as parks, pharmacies, childcare, and cafes are comparatively limited, suggesting tenants rely on nearby retail corridors for daily needs.
Renter-occupied housing is a defining feature: the neighborhood’s renter concentration is among the highest in the metro (4th of 52; top percentile nationally). For investors, this implies a deep tenant base and potential support for occupancy stability across cycles.
Demographic indicators aggregated within a 3-mile radius show modest recent population and household growth, with projections pointing to a larger household base and smaller average household sizes over the next five years. This combination can expand the renter pool and support unit absorption, a finding consistent with commercial real estate analysis trends seen in secondary California markets.
Home values in the neighborhood are lower relative to national norms, which can make ownership more accessible and introduce some competitive pressure for renters at the margin. At the same time, neighborhood rents and rent-to-income dynamics suggest manageable affordability pressure, supporting retention and steady leasing when paired with practical finishes and value-forward unit mixes.
Comparable, property-specific crime metrics are not available in WDSuite’s dataset for this neighborhood. Investors should assess safety in a metro and submarket context, focusing on multi-year trends and corridor-level patterns rather than block-by-block assumptions. When reviewing comps, prioritize like-kind assets and similar traffic exposure to maintain an apples-to-apples view of operating risk.
Built in 2009, this 72-unit asset is newer than the neighborhood’s average vintage, offering competitive positioning versus older inventory while leaving room for selective value-add and mid-life system updates. Neighborhood occupancy ranks in the top tier among 52 metro neighborhoods, and the renter-occupied share is elevated — factors that support leasing stability and depth of demand.
Within a 3-mile radius, population and household counts have inched upward and are projected to expand further, implying a larger tenant base and potential support for absorption. According to CRE market data from WDSuite, strong grocery and dining access complement these dynamics, while more limited park and specialty amenity coverage suggests focusing on in-property conveniences to bolster retention.
- 2009 vintage positions the asset competitively versus older local stock, with targeted modernization upside.
- Neighborhood occupancy ranks in the top tier among 52 metro neighborhoods, supporting income durability.
- High renter-occupied share signals a deep tenant base and supports leasing stability.
- 3-mile demographics indicate a growing household base and smaller household sizes, aiding renter pool expansion.
- Risk: Lower home values and limited parks/childcare may temper pricing power; asset strategy should emphasize in-property amenities and value-forward finishes.