| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 H St, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 38 |
| Transaction Date | 2021-10-11 |
| Transaction Price | $9,680,000 |
| Buyer | CARV PROPERTIES LLC |
| Seller | BARCLAY FAMILY TRUST |
215 H St Chula Vista 38-Unit Multifamily Investment
This established Chula Vista property benefits from neighborhood-level occupancy rates of 94.3% and strong rental demand fundamentals, according to CRE market data from WDSuite.
Located in a B+ rated Urban Core neighborhood, this property sits within a market that ranks competitively among San Diego metro neighborhoods for housing fundamentals. The neighborhood demonstrates solid rental demand with 39.2% of housing units occupied by renters, ranking in the 79th percentile nationally for rental tenure share. Neighborhood-level occupancy rates of 94.3% indicate stable tenant retention, while median contract rents of $2,057 reflect the area's positioning within the broader San Diego rental market.
Built in 2000, this property is newer than the neighborhood average construction year of 1973, potentially reducing near-term maintenance requirements and providing a competitive edge in tenant attraction. Within a 3-mile radius, the area serves approximately 155,000 residents with a median household income of $75,463. Demographic projections through 2028 indicate household growth of 38.2% and rising median incomes to $105,566, supporting expansion of the potential renter pool.
The neighborhood offers strong amenity access with grocery stores ranking in the 91st percentile nationally and childcare facilities in the 98th percentile per square mile. Home values averaging $642,378 with a value-to-income ratio ranking in the 91st percentile nationally sustain rental demand by limiting ownership accessibility for many households. This dynamic reinforces reliance on rental housing and supports tenant retention in the multifamily sector.
Crime metrics for this neighborhood show mixed trends that warrant investor consideration. Property offense rates rank 221st among 621 San Diego metro neighborhoods, placing it above the metro median. More notably, property crime has declined significantly by 59.4% over the past year, ranking 8th among metro neighborhoods for improvement and reaching the 92nd percentile nationally for crime reduction trends.
Violent crime rates present a different picture, with the neighborhood ranking 468th of 621 metro neighborhoods, indicating elevated levels compared to regional averages. However, violent crime has also decreased by 30.4% year-over-year, demonstrating positive momentum. Investors should factor these safety dynamics into tenant screening processes and consider security enhancements as part of property management strategy.
The property benefits from proximity to major corporate employers in the San Diego region, providing workforce housing opportunities for professionals across energy, technology, and financial services sectors.
- Sempra Energy — energy services (7.1 miles)
- Sempra Energy — energy services (7.8 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (13.4 miles)
- Qualcomm — technology (19.4 miles) — HQ
This 38-unit Chula Vista property offers investors exposure to stable San Diego rental fundamentals with neighborhood-level occupancy of 94.3% and projected household growth of 38.2% through 2028. The 2000 construction vintage positions the asset newer than neighborhood averages, potentially reducing capital expenditure needs while maintaining competitive appeal. Rising median household incomes from $75,463 to a projected $105,566 support rent growth potential, while elevated home values sustain rental demand by limiting ownership accessibility.
According to multifamily property research from WDSuite, the neighborhood's Urban Core designation and B+ rating reflect solid infrastructure and amenity access that support tenant retention. The area's 79th percentile national ranking for rental tenure share indicates established renter preference, while strong grocery and childcare amenity density enhances livability factors that influence lease renewal decisions.
- Stable occupancy fundamentals with 94.3% neighborhood-level rates
- Projected 38.2% household growth supporting tenant base expansion
- 2000 vintage offering reduced maintenance compared to neighborhood average
- High home values sustaining rental demand through ownership barriers
- Risk consideration: Elevated violent crime rates require active management attention