| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 55th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1829 Arnold Way, Alpine, CA, 91901, US |
| Region / Metro | Alpine |
| Year of Construction | 1989 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1829 Arnold Way Alpine Multifamily Investment (116 Units)
Neighborhood occupancy is strong and trending stable relative to national norms, according to WDSuite’s CRE market data, supporting durable renter demand at the submarket level rather than the property specifically.
Positioned in Alpine’s inner-suburban corridor of the San Diego metro, the neighborhood rates A- and ranks 129 out of 621 metro neighborhoods, placing it in the top quartile locally. This setting offers a balance of everyday services and family-oriented amenities that underpin renter appeal and lease retention.
Amenity access is competitive for an inner suburb: restaurants and cafes score in the higher national percentiles (around the 75–80th range), with parks and pharmacies also above average nationally. Childcare access is a relative strength, landing in a high national percentile, which can support family renters and longer average tenures. Average school ratings in the area sit modestly above national norms, indicating broadly serviceable education options.
From a multifamily performance standpoint, neighborhood occupancy is above the national median (high-70s percentile), and typical contract rents benchmark on the higher side nationally (near the 90th percentile). The renter-occupied share of housing units is elevated versus the national landscape (mid-80s percentile), suggesting a deeper tenant base and steadier leasing velocity. Median home values are also high by national standards (low-90s percentile), which tends to reinforce reliance on multifamily rentals and can support pricing power with disciplined lease management rather than homebuyer substitution.
The property’s 1989 vintage is slightly newer than the neighborhood’s average construction year (early 1980s). That positioning can enhance competitiveness against older stock, though investors should still plan for modernization of aging systems as part of capital planning. Within a 3-mile radius, recent population growth has been modest with projections indicating continued expansion and a larger household base by 2028, which supports a gradually expanding renter pool and occupancy stability. Housing remains in demand locally, and NOI per-unit benchmarks at the neighborhood level sit in a strong national percentile, indicating healthy operating potential when managed effectively.
Safety indicators for the neighborhood trend below national averages, landing in low national percentiles for both violent and property offenses. In practical terms, this means crime rates are higher than those found in many U.S. neighborhoods. Conditions can vary by block and over time, so investors often calibrate on-site measures and resident screening to support retention and asset performance.
Compared with other San Diego metro neighborhoods, this area sits on the less-favorable side of the spectrum; investors typically underwrite to prudent security budgets and emphasize visibility, lighting, and community standards to help sustain stable operations. Monitoring year-over-year trends and coordinating with local resources remains advisable.
Proximity to large regional employers supports a commuter renter base and helps stabilize leasing. Notable nearby organizations span distribution, defense, energy, wireless, and biotech.
- Sysco — foodservice distribution (17.5 miles)
- L-3 Telemetry & RF Products — defense & aerospace (20.9 miles)
- Sempra Energy — energy & utilities (23.9 miles) — HQ
- Qualcomm — wireless & semiconductors (24.8 miles) — HQ
- Celgene Corporation — biotech (25.6 miles)
1829 Arnold Way offers scale at 116 units in an inner-suburban San Diego location where neighborhood occupancy trends above national norms and the renter-occupied share is elevated versus the U.S. landscape. High national percentiles for rents and home values point to a deep renter pool and support for pricing power when paired with disciplined operations. According to CRE market data from WDSuite, the neighborhood’s NOI per-unit benchmarks are competitive nationally, reinforcing the case for stable cash flow under hands-on management.
Built in 1989, the asset is slightly newer than the neighborhood average stock from the early 1980s, providing a relative edge versus older properties while still warranting targeted system upgrades and modernization to capture value-add upside. Within a 3-mile radius, population has been expanding and is projected to continue growing, implying a gradually larger tenant base and support for occupancy and rent growth over the medium term.
- Neighborhood occupancy above national norms supports leasing stability.
- Elevated renter-occupied housing share indicates depth of tenant demand.
- 1989 vintage enables competitive positioning with targeted modernization for value-add.
- High home values locally reinforce reliance on rentals and potential pricing power.
- Risk: safety metrics trail national averages; prudent security and resident screening should be underwritten.