| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 35th | Poor |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Woodlawn Ave, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 1987 |
| Units | 21 |
| Transaction Date | 1996-03-01 |
| Transaction Price | $440,000 |
| Buyer | NARRANGANSETT PLAZA ASSOCIATES |
| Seller | HOWELL HARRIS |
30 Woodlawn Ave Chula Vista Multifamily Investment
This 21-unit property built in 1987 operates in a neighborhood with 97.2% occupancy and 75% rental tenure, according to CRE market data from WDSuite.
The property sits in an inner suburb neighborhood with strong rental fundamentals, ranking in the 85th percentile nationally for occupancy rates among 621 metro neighborhoods. With 75% of housing units renter-occupied, this area demonstrates sustained multifamily demand that supports consistent lease-up and renewal activity.
Built in 1987, the property aligns with the neighborhood's average construction year of 1984, indicating consistent building stock that may present value-add renovation opportunities for investors focused on modernization and rent optimization. Demographic data aggregated within a 3-mile radius shows a population of approximately 119,000 with 65% of households renting, reinforcing the depth of the local tenant pool.
The area ranks in the 92nd percentile nationally for grocery store density and 93rd percentile for park access, supporting tenant retention through convenient daily amenities. Contract rents average $1,673 with modest 5-year growth of 53%, while the neighborhood maintains above-average NOI per unit at $7,714, ranking in the 64th percentile nationally among comparable markets.
Projected demographic trends through 2028 indicate household growth of 37% within the 3-mile radius, with median household income forecast to increase 45% to over $101,000. This expansion in higher-income renter households supports long-term occupancy stability and potential for measured rent growth aligned with income improvements.
Crime data shows the neighborhood ranks 288th among 621 metro neighborhoods, placing it near the middle range for the San Diego region. Property offense rates have declined 27% year-over-year, indicating improving local conditions that can support tenant retention and property values.
While violent crime rates rank in the lower quartile nationally, the recent downward trend in property offenses suggests ongoing community stabilization efforts. Investors should monitor these metrics as part of routine market analysis and tenant satisfaction assessments.
The property benefits from proximity to major corporate employers anchored by Sempra Energy headquarters and regional offices, providing workforce housing opportunities for professional tenants.
- Sempra Energy — utility services (5.6 miles)
- Wells Fargo ATM — financial services (6.1 miles)
- Sempra Energy — utility services (6.3 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (12.4 miles)
- Qualcomm — technology (18.2 miles) — HQ
This 21-unit property offers stable cash flow fundamentals in a neighborhood with 97.2% occupancy rates and strong rental tenure at 75% of housing units. The 1987 vintage presents value-add renovation opportunities while demographic projections show 37% household growth and 45% income increases through 2028, supporting long-term tenant demand and rent growth potential.
Commercial real estate analysis from WDSuite indicates the neighborhood outperforms metro averages for occupancy stability and NOI per unit, while proximity to major employers like Sempra Energy headquarters provides workforce housing appeal. The combination of current cash flow stability and demographic tailwinds creates a balanced risk-return profile for multifamily investors.
- High occupancy neighborhood (97.2%) with 75% rental tenure supports stable cash flow
- 1987 construction offers value-add renovation upside and rent optimization potential
- Projected 37% household growth and 45% income increases through 2028
- Proximity to major employers including Sempra Energy headquarters
- Risk consideration: Crime rates rank in lower quartile nationally, requiring ongoing monitoring