| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 21st | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 240 Quintard St, Chula Vista, CA, 91911, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 88 |
| Transaction Date | 2024-08-14 |
| Transaction Price | $18,750,000 |
| Buyer | PATHFINDER SOUTH BAY HOLDINGS LLC |
| Seller | MADRID LTD |
240 Quintard St, Chula Vista Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite s CRE market data, supporting stable cash flow potential for a professionally managed 88-unit asset in South Bay.
Situated in Chula Vista s Urban Core, the neighborhood shows balanced fundamentals for workforce housing. Occupancy trends are elevated and the share of renter-occupied housing units is high, indicating a broad tenant base and historically resilient leasing. The property s 2000 vintage is newer than the neighborhood s average construction year (1981), which can offer competitive positioning versus older stock while still warranting targeted modernization for systems and common areas as part of a value-add plan.
Daily-life amenities are a relative strength. The area is competitive among San Diego-Chula Vista-Carlsbad neighborhoods for overall amenity access (ranked above the metro median out of 621 neighborhoods), with particularly dense restaurant and café options (cafés and restaurants track in the high national percentiles). Grocery access also compares favorably versus national norms, and nearby parks score in a strong national percentile, supporting livability and walk-to conveniences that aid retention.
School quality in the immediate neighborhood rates below national averages, which may be a consideration for family-oriented leasing strategies. That said, the area s renter concentration and occupancy stability can offset exposure by broadening the prospect pool toward renters prioritizing commute and amenity access.
Within a 3-mile radius, demographics indicate a steady renter pool: households have grown in recent years and are projected to expand further as average household size declines, pointing to more, smaller households entering the market. Median incomes have risen materially, and home values sit in a high-cost ownership context relative to incomes, which tends to sustain reliance on multifamily rentals and support lease retention. According to CRE market data from WDSuite, advertised asking rents in the radius have advanced over the past five years and are projected to continue rising, reinforcing the case for disciplined revenue management.
Safety benchmarks trail national averages in this neighborhood, with both violent and property offense measures sitting in lower national percentiles. Relative to the San Diego-Chula Vista-Carlsbad metro (621 neighborhoods), the crime rank places the area below the metro median. However, recent trends show improvement: estimated property offenses and violent offenses have moved lower year over year, indicating some directional progress. Investors should underwrite with conservative assumptions and emphasize on-site security best practices and lighting, while recognizing the improving trend line.
Proximity to regional employers supports demand from a diversified workforce, with access to energy infrastructure, aerospace/defense, biotech, and tech. These employment nodes can help underpin leasing stability through commute convenience.
- Sempra Energy energy infrastructure (9.9 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace offices (15.7 miles)
- Celgene Corporation biotech (21.3 miles)
- Qualcomm technology (21.7 miles) HQ
- Sysco foodservice distribution (23.0 miles)
240 Quintard St offers scale at 88 units with neighborhood fundamentals that favor durable tenancy: elevated occupancy, a high share of renter-occupied housing units, and strong amenity access that supports retention. The 2000 construction is newer than the area s typical 1980s stock, providing a competitive baseline versus older comparables while leaving room for targeted upgrades to drive rent positioning and operational efficiency. According to CRE market data from WDSuite, local occupancy has been consistently high versus national norms, aligning with a tenant base supported by rising incomes and an ownership market where home values are elevated relative to incomes factors that tend to reinforce rental demand.
Within a 3-mile radius, households have increased and are projected to expand further as average household size declines, which points to a broader renter pool and supports occupancy stability. Investors should balance this with prudent assumptions around affordability pressure (given rent-to-income dynamics), school quality that trends below national averages, and safety metrics that, while improving, still trail broader benchmarks.
- Occupancy and deep renter base support stable leasing
- 2000 vintage outpositions older local stock with value-add upside
- Strong amenity, grocery, and park access aids retention
- Rising incomes and high-cost ownership context bolster multifamily demand
- Risks: affordability pressure, below-average school ratings, and safety metrics require conservative underwriting