| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 55th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1319 Marshall Rd, Alpine, CA, 91901, US |
| Region / Metro | Alpine |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1319 Marshall Rd Alpine Multifamily Investment
Occupancy in the surrounding neighborhood is around the mid‑90s, supporting stable rent rolls and cash flow durability, according to WDSuite’s CRE market data. Elevated ownership costs in the San Diego metro reinforce renter reliance on multifamily housing in Alpine.
Alpine sits in the San Diego–Chula Vista–Carlsbad metro’s inner suburbs, offering a suburban lifestyle with access to daily needs. Neighborhood amenity depth is competitive among San Diego neighborhoods (ranked 87 out of 621), with solid restaurant and childcare density relative to regional peers. Average school ratings land modestly above national medians, which can aid family‑oriented retention.
From an investment lens, neighborhood occupancy is elevated (nationally above average), and median contract rents trend higher than typical U.S. submarkets. At the same time, the renter-occupied share is in the mid‑40% range, signaling a meaningful tenant base without overreliance on rentals; this balance can support leasing stability through cycles.
Home values in the neighborhood are high versus national norms (national percentile in the 90s), and the value‑to‑income ratio is also elevated. For multifamily investors, this high‑cost ownership landscape generally sustains rental demand and supports pricing power and retention strategies, especially for well‑maintained assets.
Within a 3‑mile radius, demographics show modest population growth historically and a projected increase ahead, with household sizes edging slightly lower over time. This points to steady renter pool expansion and consistent demand for professionally managed apartments rather than a dependency on rapid in‑migration or speculative lease‑up conditions. These patterns align with the area’s A‑ rating (ranked 129 of 621 metro neighborhoods), indicating performance above the metro median based on CRE market data from WDSuite.
Safety scores for the neighborhood compare weaker than national medians and trend below the metro average (the neighborhood ranks in the lower half among 621 San Diego metro neighborhoods). Recent year‑over‑year readings indicate an uptick in reported offenses. Investors commonly address this by emphasizing professional management practices, lighting and access control, and tenant screening to support leasing stability.
As always, safety conditions can vary by block and over time. Investors should corroborate trends with current, local sources and property‑level history to align operating plans and capital budgets appropriately.
Proximity to major East County and metro employers supports workforce housing demand and practical commute times. Key nearby employment nodes include food distribution, aerospace/defense, energy utilities, and technology.
- Sysco — food distribution (18.1 miles)
- L-3 Telemetry & RF Products — defense & aerospace (21.5 miles)
- Sempra Energy — energy utilities (24.5 miles) — HQ
- Qualcomm — wireless & semiconductors (25.4 miles) — HQ
- Celgene Corporation — biotech (26.2 miles)
1319 Marshall Rd is a 24‑unit 1986 vintage asset in Alpine, an inner‑suburban pocket of the San Diego metro with above‑average neighborhood ratings and healthy occupancy. The property’s vintage is slightly newer than the neighborhood average (early‑1980s stock), suggesting relative competitiveness versus older buildings while still warranting selective modernization to enhance rents and retention. High home values locally underpin renter reliance on multifamily units, reinforcing demand depth and supporting pricing power for well‑managed communities.
Neighborhood occupancy trends remain solid and renter demand is supported by a sizable renter‑occupied share and steady 3‑mile population growth, with forecasts indicating additional renter pool expansion. According to CRE market data from WDSuite, rents sit above national norms while the area’s cost of ownership remains elevated, a combination that can aid lease stability for quality assets. Key risks include weaker‑than‑average safety metrics, which may require operational focus on security and tenant screening.
- 1986 vintage offers light value‑add and modernization potential versus older early‑1980s neighborhood stock
- Elevated neighborhood occupancy and steady 3‑mile population growth support rent rolls and retention
- High home values and elevated value‑to‑income dynamics sustain renter demand and pricing power
- Access to diversified employment centers (food distribution, defense, energy, tech) supports leasing stability
- Risk: weaker‑than‑national safety metrics may require enhanced management focus and targeted capital