| 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 | 2016-03-01 |
| Transaction Price | $3,825,000 |
| Buyer | 1319 Marshall LLC |
| Seller | Robert G Keilholtz |
1319 Marshall Rd Alpine 24-Unit Multifamily
Neighborhood fundamentals point to steady renter demand and above-median occupancy for the San Diego metro, according to WDSuite’s CRE market data. A high-cost ownership landscape in Alpine supports retention and pricing power for well-managed units.
Positioned in Alpine’s inner-suburban setting of the San Diego–Chula Vista–Carlsbad metro, the neighborhood rates in the top quartile among 621 metro neighborhoods overall (A- rating). Amenities are a relative strength, with the amenity profile ranking in the top quartile metro-wide, and restaurants per square mile tracking in the upper tiers nationally — supportive of day-to-day livability and leasing appeal.
Occupancy in the neighborhood is above the metro median and sits in the upper national percentiles, a constructive signal for cash flow stability during hold periods. Median asking rents have risen meaningfully over the last five years, while the neighborhood rent-to-income ratio remains comparatively moderate, which can aid renewal capture and reduce turnover risk for professionally managed assets.
The property’s 1986 vintage is slightly newer than the neighborhood’s average construction year (1982). For investors, that points to manageable capital planning versus older stock, with potential upside from targeted unit and systems modernization to remain competitive with renovated comparables.
Tenure data indicates a solid renter-occupied share at the neighborhood level (competitive among San Diego neighborhoods), suggesting depth in the tenant base. Within a 3-mile radius, demographic statistics show recent population growth and a forecast for additional household gains, which can expand the renter pool and support occupancy. Median household incomes in the 3-mile area have advanced, reinforcing demand for quality rental housing.
Home values in the neighborhood are elevated relative to national norms and rank in the higher national percentiles. In practice, this high-cost ownership market tends to sustain reliance on multifamily housing, supporting leasing velocity and giving well-located properties scope for disciplined rent management.
Schools average around the middle-to-upper range nationally and are competitive among San Diego neighborhoods, which can support demand from family renters. Everyday conveniences such as groceries, pharmacies, and parks track near or above national medians, adding to overall livability for tenants.
Safety indicators for the neighborhood trend below both metro and national benchmarks. The neighborhood’s crime rank sits in the lower tier when compared with 621 San Diego metro neighborhoods, and national percentiles indicate weaker safety performance relative to many U.S. neighborhoods. Recent data also points to an uptick in violent offenses year over year.
Investors typically underwrite this context through enhanced property security measures, proactive tenant screening, and appropriate insurance assumptions. As always, on-the-ground diligence and comparison against nearby submarkets can clarify trade-offs between pricing, yield, and risk.
Employment access is supported by proximity to distribution, defense/aerospace, energy, and tech R&D nodes, which can underpin workforce housing demand and leasing stability for this Alpine location.
- Sysco — foodservice 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 — biopharma (26.2 miles)
1319 Marshall Rd offers scale at 24 units with neighborhood metrics that favor durable tenancy. Based on CRE market data from WDSuite, the area’s occupancy trends sit above the metro median and in strong national percentiles, while elevated for-sale home values in the neighborhood reinforce reliance on multifamily housing. The 1986 vintage is slightly newer than the local average, suggesting manageable near-term capital needs with room for value-add through targeted renovations to bolster competitive positioning.
Within a 3-mile radius, population growth and rising household incomes point to a supportive demand backdrop and a larger tenant base over the forecast horizon. Amenity access is solid for an inner-suburban node, and renter-occupied share at the neighborhood level indicates a meaningful pool of multifamily households. Key underwriting considerations include below-average safety metrics and a need to calibrate operating costs and insurance accordingly.
- Above-metro-median occupancy supports income stability
- High-cost ownership market sustains multifamily demand and renewal capture
- 1986 vintage allows targeted renovations for competitive lift
- 3-mile demographics show renter pool expansion and rising incomes
- Risk: below-average safety metrics warrant security and insurance adjustments