| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 36th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 295 C St, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
295 C Street Chula Vista Multifamily Investment
This 60-unit property built in 2000 sits in a predominantly rental neighborhood where 63.7% of housing units are occupied by renters. The area's strong rental composition supports tenant demand fundamentals, according to CRE market data from WDSuite.
This Chula Vista neighborhood demonstrates solid rental market fundamentals with occupancy rates of 86.6% at the neighborhood level. The area ranks among the top quartile of San Diego metro neighborhoods for rental density, with nearly two-thirds of housing units occupied by renters. Median contract rents have increased 42.8% over five years, reflecting sustained demand in this urban core location.
Demographics within a 3-mile radius show a stable tenant base with 156,800 residents and projected population growth of 2.9% through 2028. Household formation is expected to expand by 35.7% over the next five years, supporting renter pool expansion. The area's average household size of 3.2 indicates family-oriented demand, while median household income of approximately $73,000 aligns with workforce housing positioning.
The property's 2000 construction year places it newer than the neighborhood average of 1972, positioning the asset with reduced near-term capital expenditure needs compared to older area stock. Local amenities support tenant retention with strong grocery store density ranking in the 99th percentile nationally and robust childcare access. However, the neighborhood shows limited cafe and pharmacy options, which may affect convenience appeal for some tenant segments.
Safety metrics for this Chula Vista neighborhood present a mixed profile that requires careful evaluation. The area ranks 300th among 621 San Diego metro neighborhoods for overall crime, placing it in the lower half of local comparisons. Property crime rates are elevated at approximately 4,200 incidents per 100,000 residents, though recent trends show a 27.9% year-over-year decrease.
Violent crime rates are notably higher than metro averages, with the neighborhood ranking 576th out of 621 local areas. However, investors should note that crime patterns can vary significantly within neighborhoods, and proximity to employment centers and transit may influence tenant perceptions differently than area-wide statistics suggest.
The local employment base includes several significant corporate anchors within commuting distance, supporting workforce housing demand and potential tenant stability.
- Sempra Energy — energy utility (5.9 miles)
- Wells Fargo ATM — financial services (6.4 miles)
- Sempra Energy — energy utility (6.6 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (12.2 miles)
- Qualcomm — technology (18.1 miles) — HQ
This 60-unit Chula Vista property presents a workforce housing opportunity in a rental-dense neighborhood where tenant demand fundamentals remain supported by projected household growth of 35.7% through 2028. The 2000 construction vintage provides operational advantages over the area's older housing stock, while proximity to major employers like Sempra Energy and Qualcomm supports commuter appeal within the San Diego metro.
Based on multifamily property research from WDSuite, the neighborhood's 63.7% rental occupancy rate ranks in the 95th percentile nationally, indicating strong structural rental demand. However, current neighborhood-level occupancy of 86.6% suggests potential absorption challenges that warrant careful underwriting of rent growth assumptions and lease-up timelines.
- Strong rental market composition with 63.7% of neighborhood housing units occupied by renters
- Projected 35.7% household growth through 2028 supports expanding tenant base
- 2000 construction provides competitive positioning versus older neighborhood stock
- Access to major employment anchors including Sempra Energy and Qualcomm headquarters
- Risk: Current 86.6% neighborhood occupancy and elevated crime metrics require careful tenant screening and retention strategies