| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 65th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1905 E Palomar St, Chula Vista, CA, 91913, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2008 |
| Units | 98 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1905 E Palomar St Chula Vista Multifamily Investment
Neighborhood fundamentals point to steady renter demand and solid occupancy, according to WDSuite’s CRE market data. High ownership costs in the area help sustain reliance on multifamily housing, supporting pricing power when managed carefully.
Positioned in Chula Vista’s Urban Core, the property benefits from a B+ neighborhood rating and a housing profile that is above the metro median (ranked 228 out of 621 San Diego–Chula Vista–Carlsbad neighborhoods). Neighborhood occupancy is strong and sits in higher national percentiles, signaling demand stability at the submarket level; this reflects neighborhood conditions, not the property’s own occupancy.
Livability drivers are balanced. Parks and open space test in the top quartile nationally, while grocery access trends above the U.S. median; restaurants are competitive versus national norms. Broader amenities are above the metro median but mid-pack nationally, indicating convenience for daily needs without overreliance on destination retail.
Schools average 4.0 out of 5 and place in the top quartile nationally, a factor that can support family-oriented renter retention. Median home values and household incomes are both high versus national benchmarks (each in the low 90s percentiles), which typically reinforces multifamily demand by making ownership a higher-cost alternative and helping sustain lease stability.
Construction vintage skews relatively new in this neighborhood, and a 2008 build is newer than the local average (2005). That positioning can be competitive versus older stock, while still allowing targeted modernization for systems and finishes as part of a value-add plan. Renter concentration in the immediate neighborhood is relatively limited, but within a 3-mile radius demographics show a sizable and growing population and household base, supporting a deeper tenant pool over time.
Within a 3-mile radius, the population and households have expanded meaningfully in recent years, with forecasts pointing to continued population growth and a larger household base by 2028. Household sizes are projected to moderate, which can increase demand for professionally managed rental units and support occupancy stability across a wider range of unit types.
Safety indicators are mixed but improving. The neighborhood’s overall crime standing is around the national middle (crime national percentile near the 50s), while one-year trends show notable declines in both violent and property offenses. These declines rank favorably versus many U.S. neighborhoods, suggesting a positive trajectory, though conditions can vary block to block and should be underwritten with property-specific diligence.
Proximity to regional employers across energy, defense and aerospace, foodservice distribution, and technology underpins a diversified renter base and commute convenience for workforce and professional tenants.
- Sempra Energy — energy (12.1 miles)
- Sempra Energy — energy (12.7 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (16.4 miles)
- Sysco — foodservice distribution (21.8 miles)
- Qualcomm — semiconductors (22.6 miles) — HQ
1905 E Palomar St is a 98-unit, 2008-vintage asset positioned in a high-income, high home-value pocket of Chula Vista. Neighborhood occupancy runs in the upper national percentiles and schools rate strongly, supporting family-oriented retention dynamics. Elevated ownership costs in the area tend to sustain reliance on multifamily housing, while rent-to-income metrics indicate manageable affordability pressure in the neighborhood, aiding lease stability when paired with disciplined renewals.
The 2008 construction is newer than the neighborhood average, offering competitive positioning versus older stock and potential for targeted upgrades to refresh common areas and in-unit finishes. Within a 3-mile radius, both population and households have expanded and are projected to continue growing, pointing to a larger tenant base and demand depth. According to CRE market data from WDSuite, local amenities and parks test favorably versus metro peers, aligning with steady renter demand over a multi-year hold.
- Newer 2008 vintage vs. local average, with room for selective value-add
- Strong neighborhood occupancy and high-income households support pricing power
- Top-quartile schools and solid park access aid family renter retention
- 3-mile radius shows population and household growth, expanding the renter pool
- Risk: Lower renter-occupied share locally may temper near-term leasing velocity; targeted marketing and renewals are important