| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3240 Bonita Rd, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 1988 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3240 Bonita Rd Chula Vista Multifamily Investment
Neighborhood fundamentals point to durable renter demand, with occupancy in the low-90s and strong school ratings at the neighborhood level, according to WDSuite s CRE market data. Elevated ownership costs in Chula Vista support lease retention for well-managed assets.
This suburban pocket of Chula Vista is competitive among San Diego Chula Vista Carlsbad neighborhoods, landing in the top quartile among 621 metro neighborhoods with an A- neighborhood rating. Neighborhood-level occupancy trends are steady and above the national median, reinforcing income stability for multifamily operators.
Amenity access is balanced: restaurant density ranks in the higher national percentiles, and grocery, parks, and pharmacies are also above national medians, while caf e9 options are thinner. Childcare availability scores particularly well (top decile nationally), which can bolster demand for larger floor plans and longer tenures.
Schools average roughly 4.0 out of 5 and sit in the mid-80s national percentile, a positive signal for resident retention among households. Median household incomes in the neighborhood are above most U.S. areas, and rent-to-income levels sit near the lower national quartiles ogether indicating room for disciplined rent growth without outsized affordability pressure.
Within a 3-mile radius, demographics show a stable population in recent years with a modest projected population increase and a notable rise in households by 2028. A shrinking average household size suggests a larger renter pool and continued depth for multifamily demand, based on CRE market data from WDSuite. The neighborhood s high-cost ownership market (home values in upper national percentiles) tends to reinforce reliance on rental housing, supporting occupancy and pricing power for quality assets.
Safety indicators for the neighborhood trend below national medians, placing it closer to the lower third nationwide. Property offense estimates show a recent year-over-year improvement, while violent offense measures remain weaker than national averages. For investors, this means underwriting should incorporate prudent security measures and lease management practices, while noting the positive direction in property offense trends.
Proximity to regional employers supports commuter convenience and leasing stability, led by energy, biotech, defense, and technology. The list below highlights nearby anchors that help sustain demand from a diversified workforce.
- Sempra Energy energy & utilities (7.4 miles)
- Sempra Energy energy & utilities (8.0 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace (12.9 miles)
- Celgene Corporation biotech (18.7 miles)
- Qualcomm telecommunications & semiconductors (19.0 miles) HQ
The property s location offers investors a mix of strong neighborhood ratings, steady occupancy, and household incomes above most U.S. areas. At the neighborhood level, occupancy trends are in the low-90s and schools perform in the mid-80s national percentile, supporting retention for family-oriented renters. High ownership costs relative to income point to a high-cost ownership market, which typically sustains multifamily demand and pricing power for well-positioned assets, per commercial real estate analysis supported by WDSuite s data.
Within a 3-mile radius, households are projected to grow while average household size declines, expanding the renter pool and supporting future leasing. Neighborhood rent-to-income measures sit near lower national quartiles, indicating manageable affordability pressure for most tenants and room for disciplined rent growth. Investors should balance these positives against safety metrics that trail national norms and underwrite appropriate operating practices.
- Top-quartile neighborhood ranking in the metro supports durable demand
- Neighborhood occupancy in the low-90s underpins income stability
- High-cost ownership landscape reinforces renter reliance and pricing power
- 3-mile radius shows growing households and a broad renter base
- Risk: safety metrics below national medians warrant prudent operations