| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 35th | Poor |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24 Woodlawn Ave, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 1986 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | $1,900,000 |
| Buyer | WOODLAWN 24 ASSOCIATES |
| Seller | --- |
24 Woodlawn Ave Chula Vista Multifamily Investment
Neighborhood occupancy remains elevated with stable renter demand, according to WDSuite’s CRE market data, supporting consistent leasing conditions for mid-size assets in Chula Vista.
This Inner Suburb location in Chula Vista benefits from solid daily-needs access: grocery and restaurant density rank within the top quartile among 621 metro neighborhoods, while parks access is also top quartile. Cafés and pharmacies are limited locally, so residents rely more on nearby corridors for those services. For investors, the mix suggests dependable convenience for renters without the premium pricing seen in the most amenity-saturated nodes.
Neighborhood occupancy is strong and trending higher, with the area competitive among San Diego-Chula Vista-Carlsbad neighborhoods (rank 198 of 621; 85th percentile nationally). A high renter-occupied share around three-quarters of units (98th percentile nationally) indicates a deep tenant base that can support leasing stability for a 33-unit property.
Within a 3-mile radius, households have grown in recent years and are projected to expand further by 2028, even as average household size edges lower. This points to a larger tenant base and more renters entering the market, which can support occupancy and absorption. Median incomes have risen meaningfully and are projected to continue increasing, while rents are also forecast to grow; together this supports long-run demand but calls for ongoing attention to affordability and lease management.
Elevated home values in the neighborhood (above most U.S. areas) reinforce reliance on multifamily housing, which can aid retention and pricing power when managed carefully. Neighborhood NOI per unit trends sit above many peer areas in the metro, aligning with durable renter demand and limited new competitive supply in this immediate pocket, based on CRE market data from WDSuite.
Safety conditions are mixed relative to peers. The neighborhood’s crime profile sits below the metro average (rank 288 out of 621), and its safety standing is weaker than most areas nationally (32nd percentile). Investors should incorporate prudent security and operating practices typical for urban-adjacent submarkets.
Recent momentum is more favorable: estimated property offense rates declined roughly 27% year over year, and violent offense rates eased modestly. While these improvements are constructive, underwriting should still assume conservative assumptions for security, insurance, and turnover.
Proximity to major employers supports workforce housing demand and commute convenience, with concentrations in energy, banking services, aerospace and defense, biopharma, and wireless technology.
- Sempra Energy — energy (5.6 miles)
- Wells Fargo ATM — banking services (6.1 miles)
- Sempra Energy — energy (6.3 miles) — HQ
- L-3 Telemetry & RF Products — aerospace & defense electronics (12.4 miles)
- Celgene Corporation — biopharma (17.7 miles)
- Qualcomm — wireless & semiconductors (18.2 miles) — HQ
This 33-unit asset in Chula Vista is positioned for steady operations given neighborhood occupancy that outperforms most areas nationally and a high renter-occupied housing share that deepens the tenant base. Elevated for-sale housing costs in the area reinforce multifamily reliance, which can aid lease retention and pricing power when paired with disciplined renewal strategies. According to CRE market data from WDSuite, daily-needs access is strong (groceries, restaurants, parks), which helps support livability without the rent premiums typical of the metro’s priciest nodes.
Within a 3-mile radius, households have increased and are projected to grow materially through 2028, pointing to renter pool expansion even as average household size declines. Income gains alongside projected rent growth support long-run demand, but a higher rent-to-income ratio in the immediate neighborhood suggests investors should balance revenue management with retention to minimize turnover risk.
- High neighborhood occupancy and deep renter concentration support leasing stability
- Strong daily-needs access (groceries, restaurants, parks) enhances renter livability
- Household and income growth within 3 miles expands the tenant base over time
- Elevated ownership costs favor multifamily reliance and potential pricing power
- Risk: Below-metro-average safety and affordability pressure call for careful lease management and security budgeting