| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 36th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 115 4th Ave, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
115 4th Ave Chula Vista Multifamily Investment
This 55-unit property built in 2000 benefits from strong renter demand in a market where 64% of housing units are renter-occupied, according to CRE market data from WDSuite.
This Urban Core neighborhood in Chula Vista demonstrates solid fundamentals for multifamily investors, ranking above metro median among 621 San Diego-area neighborhoods. The area's renter-occupied housing share of 64% creates a substantial tenant pool, while neighborhood-level occupancy of 87% reflects stable demand despite recent softening.
Demographic trends within a 3-mile radius support rental demand stability. The area maintains a median household income of $72,118 with projected growth to $106,348 by 2028, indicating improving tenant quality. Population forecasts show 6.5% growth over the next five years, expanding the potential renter base to support lease-up and retention efforts.
The neighborhood offers strong amenity access that supports tenant retention, ranking in the 99th percentile nationally for grocery store density and 95th percentile for park access. Median home values of $540,113 with continued appreciation reinforce rental demand by limiting ownership accessibility for many households, sustaining reliance on multifamily housing options.
At $1,655 median contract rent, the area shows moderate affordability pressure with rent-to-income ratios requiring careful lease management. However, projected rent growth to $2,284 by 2028 suggests pricing power potential as household incomes rise alongside broader San Diego market dynamics.
Safety metrics present mixed signals requiring investor consideration. The neighborhood ranks in the bottom quartile among 621 metro neighborhoods for both property and violent crime rates, with property offenses estimated at 4,205 per 100,000 residents and violent crimes at 1,009 per 100,000 residents.
However, recent trends show improvement with property crime declining 28% year-over-year, suggesting positive momentum. Investors should factor security considerations into property management strategies and tenant screening processes, while monitoring whether the improving trend continues to support long-term tenant retention and asset values.
The property benefits from proximity to major San Diego employers that provide workforce housing demand, with energy, technology, and financial services companies anchoring the regional economy.
- Sempra Energy — energy services (6.1 miles)
- Sempra Energy — energy services (6.8 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (12.5 miles)
- Qualcomm — technology (18.5 miles) — HQ
This 55-unit property built in 2000 offers investors exposure to Chula Vista's evolving rental market dynamics. The neighborhood's 64% renter-occupied housing share creates substantial tenant demand, while projected household income growth of 47% through 2028 suggests improving tenant quality and pricing power potential. The property's 2000 vintage positions it between major capital expenditure cycles while offering selective value-add opportunities.
Demographic projections within a 3-mile radius show 6.5% population growth and 37% household formation through 2028, expanding the renter pool that supports occupancy stability. However, current neighborhood-level occupancy of 87% and elevated crime metrics require active management strategies. Commercial real estate analysis indicates the submarket benefits from proximity to major employers including Sempra Energy and Qualcomm, providing workforce housing demand that underpins long-term fundamentals.
- Strong renter demand with 64% of neighborhood housing units renter-occupied
- Projected 47% household income growth through 2028 supports pricing power
- 6.5% population growth forecast expands potential tenant base
- Proximity to major employers including Sempra Energy headquarters
- Elevated crime metrics and occupancy softening require active management consideration