| 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 | 1990 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1829 Arnold Way, Alpine CA — 33-Unit Multifamily
Neighborhood occupancy is solid with a sizable renter base, supporting stable leasing dynamics according to WDSuite’s CRE market data. In a high-cost ownership pocket of San Diego County, renter demand tends to persist at the neighborhood level rather than the property level.
Situated in Alpine’s inner-suburban setting, the neighborhood scores A- and ranks 129 out of 621 metro neighborhoods, placing it in the top quartile locally. For investors, that positioning typically reflects durable demand drivers and competitive fundamentals relative to the broader San Diego metro.
Livability markers are supportive: restaurants and everyday services index well above national medians, and average school ratings are around 3 out of 5. These are neighborhood-level indicators, not property-specific, but they help sustain retention and day-to-day convenience for residents.
On the housing side, the neighborhood’s occupancy rate sits in the upper national percentiles, and rents have trended upward over the last five years. Median home values are elevated for the area, which generally reinforces reliance on multifamily rentals and can support pricing power and lease-up stability when managed carefully. The neighborhood’s renter-occupied share indicates a meaningful tenant pool, which supports depth of demand.
Vintage context: the average neighborhood construction year is 1982, while this asset was built in 1990. Being newer than the local average can provide a competitive edge versus older stock, though investors should still plan for targeted modernization to sustain positioning. Demographic statistics within a 3-mile radius point to population growth and an expected increase in households, indicating a larger tenant base over the next five years, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are below national medians, and the area ranks 496 out of 621 metro neighborhoods, which is below the metro average. Nationally, the neighborhood falls into lower safety percentiles, signaling that investors should underwrite for security measures and resident experience when assessing operations.
Recent neighborhood trends show property and violent offense estimates moving higher year over year. While these are neighborhood-level metrics rather than property-specific, they warrant prudent risk management, vendor coordination, and community engagement to support leasing and retention.
Regional employment anchors within commuting range include foodservice distribution, defense and aerospace, utilities, semiconductors, and biotech — a mix that supports renter demand and retention through diverse, white- and blue-collar job bases.
- Sysco — foodservice distribution (17.6 miles)
- L-3 Telemetry & RF Products — defense & aerospace offices (20.9 miles)
- Sempra Energy — utilities (23.9 miles) — HQ
- Qualcomm — semiconductors (24.8 miles) — HQ
- Celgene Corporation — biotech (25.7 miles)
1829 Arnold Way brings 33 units to a neighborhood that ranks in the top quartile of San Diego metro areas, with occupancy levels that are strong at the neighborhood scale. Elevated home values and a meaningful share of renter-occupied housing units point to a durable tenant base and steady leasing, according to CRE market data from WDSuite.
Constructed in 1990, the property is newer than the neighborhood’s average vintage, which can enhance competitive positioning versus older stock while still leaving room for targeted modernization. Within a 3-mile radius, population growth and an expected increase in households suggest a larger renter pool ahead — supportive of occupancy stability and revenue management, while mindful of affordability pressure and lease management in a high-cost ownership market.
- Top-quartile neighborhood rank in the San Diego metro supports durable leasing fundamentals
- Strong neighborhood occupancy and elevated ownership costs reinforce multifamily demand
- 1990 vintage offers relative competitiveness with potential for value-add modernization
- 3-mile radius shows population and household growth, expanding the tenant base
- Risk: neighborhood safety indicators trend below metro and national medians — underwrite security and operating protocols