| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Poor |
| Demographics | 28th | Poor |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1070 Del Mar Ave, Chula Vista, CA, 91911, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1070 Del Mar Ave, Chula Vista Multifamily Investment
Built in 2000 and surrounded by a neighborhood with a high renter-occupied share, this 26-unit asset benefits from durable renter demand reinforced by a high-cost ownership market, according to WDSuite s commercial real estate analysis. Neighborhood metrics cited here reflect area conditions, not the property s own performance.
The immediate area scores a B- neighborhood rating and sits roughly mid-pack at 318 out of 621 San Diego metro neighborhoods. For investors, the mix of strong daily amenities and a deep renter pool supports leasing velocity even as occupancy trends vary by submarket. Restaurant and cafe density ranks in the upper tier locally and lands in the upper decile nationwide, while grocery and pharmacy access test above national averages helpful for resident convenience and retention.
Construction in the surrounding neighborhood skews older (average year 1972), making a 2000-vintage property relatively newer than competing stock. That positioning can enhance competitiveness versus 1970s assets while still warranting targeted capital plans for systems that approach mid-life and for modernization to capture premium rents.
Neighborhood renter concentration is high (57% of housing units are renter-occupied, top decile nationally). This indicates a broad tenant base supporting multifamily demand and day-to-day occupancy stability at the neighborhood level, though property-level performance will depend on asset management and positioning.
Within a 3-mile radius, households have grown modestly in recent years with forecasts calling for a notable increase in household count even as population is projected to edge lower. This pattern suggests smaller household sizes and a larger renter pool entering the market, which can sustain demand for well-managed apartments. Median contract rents in the area have risen materially over five years, according to WDSuite s CRE market data, signaling pricing power for competitive product.
Ownership costs are elevated relative to local incomes (home values sit in the upper national percentiles and value-to-income is high), which tends to reinforce reliance on rental housing. That dynamic can aid lease retention, though a high rent-to-income ratio in the neighborhood implies affordability pressure that operators should monitor via renewal strategies and unit mix.
The neighborhood s safety profile ranks 227 out of 621 within the San Diego metro, indicating conditions that are not among the metro s strongest. Nationally, area safety metrics fall below average, so investors should underwrite prudent security measures and tenant screening as part of operations.
Trend-wise, area property crime shows a substantial year-over-year decline, ranking in a high improvement tier nationally, while violent crime levels remain elevated versus U.S. benchmarks. Framing this comparatively helps calibrate risk: improving property-crime momentum is constructive for asset operations, but a conservative approach to lighting, access control, and community engagement remains warranted.
Proximity to major employers across utilities, defense/aerospace, biotech, and wireless supports a broad renter base and commute convenience for workforce tenants. Notable nearby employers include Sempra Energy, L-3 Telemetry & RF Products, Celgene, and Qualcomm.
- Sempra Energy utilities (8.4 miles)
- Sempra Energy utilities (9.1 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace (14.8 miles)
- Celgene Corporation biotech (20.4 miles)
- Qualcomm wireless & semiconductors (20.8 miles) HQ
1070 Del Mar Ave was constructed in 2000, offering a relative age advantage versus a neighborhood housing stock that trends 1970s. That vintage positioning, combined with a high neighborhood renter-occupied share and sustained rent growth, suggests competitive leasing fundamentals with targeted value-add potential through modernization and systems planning. According to CRE market data from WDSuite, neighborhood occupancy trends are below metro averages, so disciplined operations and unit differentiation may be key to maintaining stability.
Within a 3-mile radius, recent household growth and projections for a sizable increase in households despite a slight population dip point to smaller household sizes and an expanding renter pool that can support demand. Elevated ownership costs in the area tend to sustain reliance on rental housing, while a high rent-to-income ratio flags affordability pressure as a manageable risk through renewal strategy, concessions discipline, and unit mix calibration.
- 2000 vintage versus older local stock supports competitive positioning with targeted capex/modernization upside
- High neighborhood renter-occupied share indicates depth of tenant base and supports occupancy
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Elevated ownership costs reinforce rental demand and potential pricing power for competitive assets
- Risks: below-metro neighborhood occupancy, affordability pressure (high rent-to-income), and a safety profile requiring prudent operations