| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 35th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 610 G St, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 1972 |
| Units | 33 |
| Transaction Date | 2001-07-16 |
| Transaction Price | $1,132,500 |
| Buyer | COVARRUBIAS MARK |
| Seller | ADDLESON LAWRENCE M |
610 G St Chula Vista Multifamily Investment
This 33-unit property sits in an urban core neighborhood with 72% rental occupancy and strong commercial real estate analysis fundamentals, according to WDSuite's CRE market data.
Built in 1972, this property aligns with the neighborhood's average construction year of 1973, positioning it for targeted renovations and value-add opportunities typical of assets from this era. The neighborhood ranks competitively among San Diego metro's 621 neighborhoods for amenity access, with exceptional restaurant and cafe density placing it in the top national percentile for dining options that appeal to renters.
Demographics within a 3-mile radius show a stable renter pool with 62% of households currently renting, well above national averages. Population projections indicate 3% growth through 2028, supporting expansion of the local tenant base. Median household income has increased 52% over the past five years to $71,125, while contract rents have risen 39% to $1,640, suggesting healthy rental demand dynamics.
Neighborhood-level occupancy trends show 91% occupancy with modest improvement over recent years. The area maintains strong grocery and pharmacy access, ranking in the upper quartile nationally for essential retail density. Home values averaging $285,000 create an ownership cost structure that can keep households in the rental market, particularly as median rents represent a manageable 34% of area income.
The neighborhood ranks 181st of 621 San Diego metro neighborhoods for overall crime metrics, placing it above metro median for safety conditions. Property crime rates have declined 37% over the past year, indicating improving security trends that support tenant retention and leasing velocity.
While violent crime rates remain elevated compared to national benchmarks, recent year-over-year improvements of 17% suggest positive momentum in neighborhood safety conditions. Investors should monitor ongoing crime trends and consider security enhancements as part of capital improvement planning.
The employment base centers on energy and technology sectors, providing workforce housing demand from major regional employers within commuting distance of the property.
- Sempra Energy — energy utilities (6.6 miles)
- Sempra Energy — energy utilities (7.3 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (13.3 miles)
- Qualcomm — technology (19.2 miles) — HQ
This 1972-vintage property offers value-add potential through strategic renovations while benefiting from a neighborhood with 72% rental occupancy and strong amenity access. Demographic projections within a 3-mile radius show 3% population growth through 2028, expanding the renter pool and supporting occupancy stability. The area's proximity to major employers including Sempra Energy headquarters and Qualcomm provides consistent workforce housing demand.
Multifamily property research indicates the neighborhood maintains competitive fundamentals with declining crime rates and above-average net operating income per unit. The property's construction year aligns with neighborhood norms, minimizing obsolescence risk while creating opportunities for targeted capital improvements that can enhance rental premiums.
- Strong rental market with 72% neighborhood occupancy and 62% renter-occupied households
- Value-add potential from 1972 construction year and renovation opportunities
- Growing demographics with 3% projected population increase through 2028
- Proximity to major employers including Sempra Energy and Qualcomm headquarters
- Risk: Crime rates remain elevated despite recent improvements requiring security considerations