| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 36th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 160 Brightwood Ave, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | $920,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
160 Brightwood Ave Chula Vista Multifamily Investment
Renter concentration and everyday amenities in the neighborhood support steady tenant demand, according to WDSuite’s CRE market data. Occupancy trends trail national norms, so asset selection and operations should prioritize retention and lease management.
Located in Chula Vista’s Urban Core, the area offers strong day-to-day convenience for residents, with grocery options ranking in the top decile nationally and park access also competitive. Restaurant density is high, though cafés and pharmacies are limited nearby, which can influence retail foot traffic patterns and resident convenience preferences.
The neighborhood’s renter-occupied share is high (measured at the neighborhood level), indicating a deep tenant base for multifamily owners. In contrast, neighborhood occupancy rates sit below national averages, so stabilizing performance typically hinges on targeted marketing, renewal strategy, and unit-level differentiation.
Within a 3-mile radius, households and families have grown while average household size has edged down, and forecasts point to population and household expansion by 2028. This trajectory suggests a larger tenant base over time and supports leasing fundamentals for well-positioned assets.
Ownership remains a high-cost proposition locally, with elevated home values relative to incomes. That dynamic tends to reinforce reliance on rental housing, which can aid pricing power and lease-up velocity for competitively positioned communities while still requiring attention to rent-to-income levels for retention.
The property’s 2000 vintage is newer than the neighborhood’s older housing stock, providing a relative competitive edge versus pre-1980 assets; selective modernization of finishes and systems can further enhance positioning without the full capital burden typical of mid-century buildings.
Safety conditions in the surrounding neighborhood compare unfavorably to many areas nationwide, based on crime measures that sit below national medians for safety. Recent data show a notable year-over-year decrease in property-related incidents, which is an encouraging directional signal, while violent incident trends have been roughly flat. Investors typically underwrite with conservative loss assumptions and focus on lighting, access controls, and community engagement to support retention.
Proximity to major employers supports a broad workforce renter pool and commute convenience, notably including Sempra Energy, L-3 Telemetry & RF Products, Celgene, and Qualcomm.
- Sempra Energy — energy infrastructure (6.1 miles)
- Sempra Energy — energy infrastructure (6.8 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace offices (12.6 miles)
- Celgene Corporation — biopharma (18.1 miles)
- Qualcomm — wireless & semiconductors (18.5 miles) — HQ
This 22-unit asset benefits from a renter-heavy neighborhood, abundant daily amenities, and a construction vintage (2000) that is competitive against older local stock. While neighborhood occupancy runs below national averages, the combination of strong grocery and park access and a high-cost ownership market supports resilient multifamily demand and potential pricing power for well-managed properties.
Within a 3-mile radius, recent gains in households and families alongside forecasts for population growth point to a larger tenant base over the next several years, supporting occupancy stability. According to commercial real estate analysis from WDSuite, directional improvement in property-related incidents and sustained renter demand reinforce the long-term case, though operators should actively manage affordability pressure and renewal risk.
- Renter-heavy neighborhood supports deep tenant demand for multifamily units.
- 2000 vintage offers competitive positioning versus older area stock with targeted modernization upside.
- Amenity-rich context (groceries, parks, restaurants) aids leasing and retention.
- 3-mile forecasts indicate a growing renter pool, supporting occupancy over time.
- Risks: below-average neighborhood safety and softer occupancy require hands-on operations and conservative underwriting.