| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Poor |
| Demographics | 28th | Poor |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 350 Oxford St, Chula Vista, CA, 91911, US |
| Region / Metro | Chula Vista |
| Year of Construction | 1979 |
| Units | 37 |
| Transaction Date | 1999-05-28 |
| Transaction Price | $1,900,000 |
| Buyer | THOMAS HARRY L |
| Seller | BEGONIA PAG I |
350 Oxford St, Chula Vista Multifamily Opportunity
Neighborhood renter concentration supports a stable tenant base, according to WDSuite’s CRE market data, with positioning that benefits from strong local amenities and a high-cost ownership market.
The property sits in an Urban Core neighborhood within the San Diego-Chula Vista-Carlsbad metro (neighborhood rating: B-). Amenity access is competitive among San Diego-Chula Vista-Carlsbad neighborhoods (94 of 621 by amenity rank) with cafes, restaurants, childcare, and pharmacies testing in the upper national percentiles. This density of daily needs can aid leasing velocity and support retention.
Rents in the neighborhood trend high versus the nation (contract rents in the low 90th national percentile) while the home value landscape is also elevated (around the 90th national percentile). For investors, the high-cost ownership market tends to sustain rental demand and can support pricing power, but it warrants careful lease management given rent-to-income pressures observed locally.
Tenure data indicates a higher share of renter-occupied housing units (near the low-90s national percentile), which typically signals depth in the tenant pool for multifamily. Overall occupancy in the neighborhood has risen modestly over five years, but current levels benchmark below the national middle, suggesting competitive positioning and asset-level execution will matter for maintaining occupancy stability.
Within a 3-mile radius, household counts have increased in recent years and are projected to expand further while average household size trends lower. This points to more households forming and a broader renter pool over time—important for sustaining demand for a 37-unit asset. School quality averages around 2.0 out of 5 locally; while not a primary driver for all renter cohorts, it can influence unit mix strategy and marketing toward segments less sensitive to school ratings.
Vintage context: the asset’s 1978 construction is newer than the neighborhood’s average vintage (ranked mid-pack in the metro), offering relative competitiveness versus older stock, though periodic system modernization and common-area refreshes may be needed to meet current renter expectations.
Safety indicators for the neighborhood sit below the national middle, with violent offense levels benchmarking in lower national percentiles. Within the metro, the neighborhood’s crime rank is 227 out of 621, which is below the metro median. That said, property offenses have declined sharply year over year (an improvement that places the area in a high national percentile for reduction), suggesting recent directional progress. Investors should frame underwriting with conservative assumptions and monitor trend continuity rather than relying on block-level conclusions.
Proximity to major employers in energy, aerospace/defense, biotech, and technology supports a diversified renter base and commute convenience for workforce tenants. Nearby anchors include Sempra Energy, L3Harris (L-3 Telemetry & RF Products), Celgene, Qualcomm, and Sysco.
- Sempra Energy — energy infrastructure (9.3 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace offices (15.1 miles)
- Celgene Corporation — biotech (20.7 miles)
- Qualcomm — wireless technology (21.1 miles) — HQ
- Sysco — food distribution (22.6 miles)
350 Oxford St offers a 37-unit, 1978-vintage footprint positioned in a renter-heavy Urban Core of Chula Vista. The asset benefits from a high-cost ownership landscape that tends to reinforce multifamily reliance, strong daily-needs access, and a diversified employment base within commuting range. According to CRE market data from WDSuite, neighborhood occupancy has trended up over five years but sits below national mid-levels, placing a premium on property-level operations, marketing, and unit finishes to drive leasing outcomes.
Relative to older neighborhood stock, the 1978 vintage can compete effectively with targeted modernization. Household growth within a 3-mile radius and a projected increase in households alongside smaller household sizes point to a broader renter base over time. Investors should balance these fundamentals with prudent underwriting around rent-to-income affordability pressure, below-median neighborhood safety benchmarks, and the need for ongoing capital planning.
- Renter-heavy neighborhood and elevated ownership costs support a durable tenant base.
- 1978 vintage offers competitive positioning versus older stock with room for targeted upgrades.
- Amenity-rich setting and proximity to diverse employers aid leasing and retention.
- Underwriting considerations: below-median safety benchmarks, neighborhood occupancy below national mid-levels, and affordability pressure may temper rent growth.