| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 36th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 575 D St, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 1985 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | $625,000 |
| Buyer | GOSSELIN MARK STEVEN |
| Seller | ELEVATOR VENTURE |
575 D St, Chula Vista Multifamily Investment
Neighborhood renter concentration is high and ownership costs are elevated, supporting durable renter demand, according to WDSuite’s CRE market data. Near-term leasing should track asset quality and operations as the broader area posts mid-range occupancy.
Located in Chula Vista’s Urban Core, the property benefits from a renter-occupied share near two-thirds at the neighborhood level, indicating a deep tenant base for multifamily. Home values are elevated relative to incomes locally, which sustains reliance on rental housing and can aid lease retention. Median rent levels have risen in recent years, while rent-to-income dynamics here remain manageable enough to support renewals.
Amenities skew favorable for daily needs: grocery access is exceptionally strong and parks and restaurants score well versus neighborhoods nationwide, while cafes and pharmacies are comparatively limited. For investors, this translates into convenience-driven livability that can support workforce leasing, even without a heavy lifestyle retail presence.
Within the 621-neighborhood San Diego-Chula Vista-Carlsbad metro, this area performs above the metro median on several amenity measures and is competitive among peer neighborhoods for household services. Neighborhood occupancy trends sit below national averages, so property-level performance will likely hinge on positioning, refreshed interiors, and management-driven retention. Still, elevated ownership costs bolster the renter pool, a point supported by WDSuite’s multifamily property research.
Demographic statistics aggregated within a 3-mile radius show households have increased despite a modest population dip, pointing to smaller household sizes and support for multifamily demand. Forward-looking projections indicate growth in both households and incomes, which should expand the local renter base over the medium term.
Relative to the 621 neighborhoods in the San Diego-Chula Vista-Carlsbad metro, the area’s safety profile sits around the middle of the pack, and it compares below average nationally. Recent trends show a notable decline in property offenses over the past year, while violent incidents have been more stable. For investors, this suggests monitoring block-by-block conditions and emphasizing security, lighting, and access controls to support leasing and retention.
Proximity to regional employers supports a broad workforce renter base and commute convenience. Key nearby anchors include energy, defense, biotech, technology, and foodservice distribution employers listed below.
- Sempra Energy — energy & utilities (6.5 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (12.4 miles)
- Celgene Corporation — biotechnology (17.9 miles)
- Qualcomm — technology & semiconductors (18.3 miles) — HQ
- Sysco — foodservice distribution (20.2 miles)
Built in 1984, the asset is newer than much of the surrounding 1970s-vintage stock, offering relative competitiveness while still allowing for targeted modernization to drive rent premiums. The neighborhood’s high renter-occupied share and elevated ownership costs reinforce depth of demand, and strong access to daily-needs amenities supports lease retention. While neighborhood occupancy runs below national averages, property outcomes should be driven by operational execution and repositioning where feasible.
Population was flat to slightly negative recently, but households within a 3-mile radius are growing and are projected to expand alongside incomes, implying a larger tenant base over the medium term. According to WDSuite’s commercial real estate analysis, the submarket’s fundamentals point to steady renter demand with room for value-add strategies, balanced against monitoring safety and submarket-level occupancy.
- 1984 vintage offers a relative edge vs. older stock, with scope for targeted renovations to enhance positioning.
- Elevated ownership costs and high renter concentration support a deep tenant base and lease retention.
- Daily-needs amenity strength (groceries, parks, restaurants) underpins livability and leasing.
- Workforce employment access across energy, defense, biotech, and tech supports demand resilience.
- Risks: neighborhood occupancy below national averages and a mid-pack safety profile require focused operations and security.