| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 26th | Poor |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 571 Arizona St, Chula Vista, CA, 91911, US |
| Region / Metro | Chula Vista |
| Year of Construction | 1977 |
| Units | 38 |
| Transaction Date | 2007-09-07 |
| Transaction Price | $4,515,000 |
| Buyer | MARK I LP |
| Seller | SHAWNWOOD FOREST APARTMENTS LLC |
571 Arizona St, Chula Vista Multifamily Investment
Neighborhood occupancy trends sit in the mid-90s, suggesting steady renter demand and generally resilient leasing conditions, according to WDSuite’s CRE market data.
This Urban Core neighborhood in Chula Vista shows durable renter demand with neighborhood occupancy tracking above the national median and above metro median levels among 621 San Diego–Chula Vista–Carlsbad neighborhoods. Roughly three-quarters of housing units are renter-occupied, indicating a deep tenant base that can support lease stability for a 38-unit asset like this.
Daily-needs access is a relative strength: grocery options rank near the top of the metro and place the area in a high national percentile for retail convenience, while childcare availability is also a notable positive. Cafés, parks, and pharmacies are thinner nearby, so lifestyle amenities may be more distributed across adjacent districts. Average school ratings are on the lower side, which can influence unit mix positioning and marketing toward workforce renters.
Within a 3-mile radius, households have grown while average household size has edged lower, pointing to more, smaller households and a larger tenant base over time. Investors conducting multifamily property research will note projections that show additional household growth alongside smaller household sizes, a pattern that typically supports absorption and occupancy stability.
Neighborhood rents trend well above national norms, and home values are elevated versus national benchmarks with a high value-to-income ratio. This high-cost ownership market tends to sustain rental demand and pricing power, though rent-to-income levels warrant attentive lease management and renewal strategies.
Safety indicators for the neighborhood sit below the national median, so investors should underwrite prudent security and operations. At the same time, property crime has trended down sharply over the past year and improvement ranks in the top quartile nationally, while violent offense measures remain comparatively elevated versus national norms. Framing this at the metro level, conditions vary across San Diego–Chula Vista–Carlsbad neighborhoods and should be assessed at the submarket scale rather than block-by-block.
Proximity to major employers supports workforce housing demand and commute convenience for renters, with energy, aerospace/defense, biotech, and wireless technology represented nearby.
- Sempra Energy — energy (7.8 miles)
- Sempra Energy — energy (8.5 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (14.6 miles)
- Celgene Corporation — biotech (20.0 miles)
- Qualcomm — wireless technology (20.5 miles) — HQ
The property’s 38-unit scale aligns with a neighborhood characterized by steady occupancy, a high share of renter-occupied housing units, and strong daily-needs access. Within a 3-mile radius, a growing number of households and smaller household sizes point to a broader tenant base and support for long-run leasing stability. Elevated home values versus national benchmarks reinforce reliance on rental housing, which can sustain pricing power when paired with thoughtful lease management.
Based on WDSuite’s commercial real estate analysis, neighborhood rents sit well above national norms while occupancy remains above the metro median, suggesting demand depth but also the need to monitor rent-to-income levels for retention. Safety indicators are mixed, with notable year-over-year improvement in property crime offset by relatively higher violent offense measures, warranting operational focus rather than deterring fundamentals.
- Above-metro-median neighborhood occupancy supports leasing stability
- High renter concentration indicates a deep local tenant base
- Elevated home values bolster reliance on rental housing and pricing power
- 3-mile household growth and smaller sizes expand the renter pool
- Risk: rents above national norms and mixed safety metrics require active lease and ops management