| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 15th | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 602 Anita St, Chula Vista, CA, 91911, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
602 Anita St Chula Vista Multifamily Investment
This 35-unit property built in 2000 operates in a neighborhood with 91.5% occupancy and 55.1% renter-occupied housing, according to CRE market data from WDSuite.
The property sits in an inner suburb neighborhood of Chula Vista that ranks in the top quartile nationally for rental market presence, with 55.1% of housing units renter-occupied. Neighborhood-level occupancy stands at 91.5%, providing a stable operating environment for multifamily assets. The area demonstrates strong retail density with 20.77 restaurants per square mile and 6.92 grocery stores per square mile, both ranking in the 97th and 98th percentiles nationally for amenity access.
Demographics within a 3-mile radius show a population of 180,000 with stable household formation trends. The median household income of $72,070 has grown 43.7% over five years, while median contract rents increased 38.9% to $1,756. This income growth trajectory supports rental pricing power, though investors should monitor the rent-to-income ratio for affordability considerations in lease renewals.
The 2000 construction year aligns with the neighborhood's average building vintage of 1984, positioning the property competitively within the local housing stock without immediate capital expenditure pressures. Home values at $185,579 median create a cost dynamic that can sustain rental demand, as elevated ownership costs relative to local incomes reinforce renter reliance on multifamily housing.
Crime metrics show mixed trends for the neighborhood, ranking 209th among 621 metro neighborhoods (36th percentile nationally). Property crime rates have declined 38.8% year-over-year, placing the area in the 80th percentile nationally for crime reduction trends. Violent crime rates also decreased 10.9% annually, though absolute levels remain elevated compared to regional averages.
Investors should factor these safety dynamics into tenant screening, property management protocols, and insurance considerations while recognizing the positive trajectory in crime reduction that may support long-term neighborhood stability.
The property benefits from proximity to major San Diego employers, with Sempra Energy's headquarters and corporate offices providing workforce housing demand within the broader metro area.
- Sempra Energy — energy utilities (8.9 miles)
- Sempra Energy — energy utilities (9.7 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (15.8 miles)
- Qualcomm — technology (21.7 miles) — HQ
This 35-unit asset built in 2000 operates in a rental-focused neighborhood with 91.5% occupancy and strong demographic fundamentals supporting multifamily demand. The area's 55.1% renter-occupied housing share ranks in the top decile nationally, while income growth of 43.7% over five years has outpaced rent increases, creating potential pricing power opportunities. According to multifamily property research from WDSuite, the neighborhood's retail amenity density and proximity to major employers like Sempra Energy provide tenant retention advantages.
The property's 2000 vintage positions it competitively within the local market without immediate capital needs, while demographic projections show continued household formation within the 3-mile radius. Home ownership costs relative to local incomes reinforce rental demand, though investors should monitor affordability metrics for lease management considerations.
- Strong rental market fundamentals with 55.1% renter occupancy (91st percentile nationally)
- Neighborhood occupancy at 91.5% provides stable operating environment
- Income growth outpacing rent increases suggests pricing power potential
- 2000 construction year minimizes near-term capital expenditure requirements
- Crime trends show improvement, though absolute levels require ongoing monitoring