| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 35th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 Roosevelt St, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
333 Roosevelt St Chula Vista Multifamily Investment
This 24-unit property benefits from strong renter demand in a market where 72.4% of housing units are renter-occupied, ranking in the top 2% of neighborhoods nationwide according to CRE market data from WDSuite.
This Urban Core neighborhood in Chula Vista demonstrates solid fundamentals for multifamily investors, with renter-occupied units comprising 72.4% of housing stock—ranking in the 98th percentile nationally among the 621 neighborhoods in the San Diego metro. The area maintains a 90.7% occupancy rate, providing stability for cash flow planning despite ranking near metro median for occupancy performance.
Demographics within a 3-mile radius show a stable tenant base with 148,230 residents and household income growth of 84% over five years, reaching a mean of $92,387. Population projections indicate 3.3% growth through 2028, supporting continued rental demand. The median contract rent of $1,700 reflects moderate affordability pressure with rent-to-income ratios that may require careful lease management strategies.
Built in 1973, this property aligns with the neighborhood's average construction vintage, suggesting opportunities for value-add renovations to capture upside in a market with strong amenity density. The area ranks in the 97th percentile nationally for grocery stores and restaurants per square mile, enhancing tenant appeal and retention potential.
Crime statistics show mixed trends that warrant monitoring in investment analysis. Property crime rates rank 548th among 621 metro neighborhoods, placing this area in the lower quartile for property crime performance. However, property crime has declined 36.7% year-over-year, ranking in the top quartile nationally for improvement trends.
Violent crime rates require attention, with current levels ranking 601st among metro neighborhoods. Similar to property crime, violent offenses have decreased 17.3% annually, suggesting improving conditions. Investors should factor these dynamics into tenant screening, property management protocols, and insurance considerations.
The Chula Vista submarket benefits from proximity to major San Diego employers, providing workforce housing opportunities for diverse tenant demographics.
- Sempra Energy — utilities (6.9 miles)
- Wells Fargo ATM — financial services (7.4 miles)
- Sempra Energy — utilities (7.6 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (13.3 miles)
- Qualcomm — technology (19.2 miles) — HQ
This 24-unit property presents a value-add opportunity in a fundamentally strong rental market. The neighborhood's 72.4% renter occupancy rate ranks in the 98th percentile nationally, indicating deep rental demand that supports occupancy stability. Built in 1973, the property offers renovation upside potential to capture rent growth in a market where contract rents have increased 36.6% over five years.
Demographics within a 3-mile radius support long-term demand, with household income growth of 84% over five years and projected population growth of 3.3% through 2028. According to multifamily property research from WDSuite, the area's NOI per unit averages $10,913, ranking in the 84th percentile nationally. However, crime statistics and rent-to-income ratios require active management attention.
- Strong rental market fundamentals with 72.4% renter occupancy (98th percentile nationally)
- Value-add potential from 1973 vintage in improving neighborhood
- Projected 3.3% population growth supporting tenant demand through 2028
- Risk factors include crime statistics and affordability pressures requiring active management