| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 237 H St, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 21 |
| Transaction Date | 2001-06-12 |
| Transaction Price | $900,000 |
| Buyer | DARR JAMES |
| Seller | MENDES ABILIO |
237 H St, Chula Vista 21-Unit Multifamily Investment
Neighborhood occupancy has held in the mid-90% range with upward momentum, supporting stable cash flow potential for a 21-unit asset, according to WDSuite’s CRE market data. The location’s high-cost ownership market reinforces renter reliance on multifamily housing.
The property sits in an Urban Core pocket of Chula Vista that is competitive among San Diego-Chula Vista-Carlsbad neighborhoods (ranked in the stronger 40% of 621 local neighborhoods). Daily needs are well covered, with grocery access and pharmacies in the top decile nationally, plus parks coverage that is also strong; childcare density ranks near the very top nationally. By contrast, the immediate area has a thinner cafe and restaurant presence, indicating a quieter retail mix rather than a destination dining corridor.
Schools in the area trend slightly above the national median based on average ratings, which can aid family retention. Neighborhood occupancy is above the national median and has improved in recent years, signaling durable demand. Median contract rents are elevated versus U.S. norms, yet rent-to-income levels for the neighborhood sit on the more manageable side, an important consideration for lease retention and pricing power.
Within a 3-mile radius, just over half of housing units are renter-occupied, indicating a sizable tenant base for multifamily assets. Population is projected to grow modestly while households expand more noticeably and average household size edges down, pointing to a larger renter pool and diversified unit demand that can support occupancy stability.
Built in 2000, the asset is newer than the neighborhood’s older average vintage, which can enhance competitive positioning against 1970s-era stock. Investors should still plan for routine system updates and modernization to sustain leasing performance over the hold.
Home values benchmark high versus national levels, and the value-to-income profile reflects a high-cost ownership market. For investors, this typically sustains renter reliance on apartments and supports demand depth, while the neighborhood’s rent-to-income dynamics help manage retention risk.
Safety indicators are mixed. Overall crime levels track around the national midpoint, with violent and property offense measures below the stronger national safety percentiles. However, recent year-over-year trends show meaningful improvement in both violent and property offenses, which is a constructive signal for long-term stability.
Compared with other neighborhoods in the San Diego-Chula Vista-Carlsbad metro (621 total), the area is neither an outlier on the high- or low-crime end. Investors should continue to monitor trend direction, but the recent declines provide a supportive backdrop for resident retention and leasing.
Proximity to regional employers supports workforce housing demand and commute convenience, with energy, defense, biotech, and technology anchors within a roughly 8–21 mile radius. The list below highlights nearby employers most relevant to renter demand and retention.
- Sempra Energy — energy infrastructure (7.7 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (13.4 miles)
- Celgene Corporation — biotech (19.0 miles)
- Qualcomm — wireless technology (19.4 miles) — HQ
- Sysco — foodservice distribution (20.8 miles)
This 21-unit property offers a balanced blend of demand stability and relative competitiveness for its submarket. According to CRE market data from WDSuite, neighborhood occupancy has been firm above national medians, and the surrounding ownership market is high-cost by national standards — dynamics that typically sustain multifamily renter demand.
The 2000 construction is materially newer than the area’s 1970s average, supporting competitive positioning versus older stock while leaving room for targeted modernization to enhance rents and retention. Within a 3-mile radius, renter-occupied housing accounts for just over half of units, households are projected to increase, and average household size is expected to edge lower — together implying a larger and more diverse renter pool over time.
- Occupancy stability above national medians with recent improvement supports cash flow durability.
- 2000 vintage competes well versus older neighborhood stock, with value-add potential via modernization.
- High-cost ownership market reinforces renter reliance, supporting demand depth and lease retention.
- Expanding household base within 3 miles suggests a growing tenant pool and supports occupancy.
- Risks: mixed safety profile and a thinner cafe/restaurant mix; active asset management and amenity upgrades can help sustain leasing.