| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 85th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 415 F Ave, Coronado, CA, 92118, US |
| Region / Metro | Coronado |
| Year of Construction | 2000 |
| Units | 21 |
| Transaction Date | 1994-01-13 |
| Transaction Price | $2,560,000 |
| Buyer | CORONADO ASSN TO PROVIDE AFFORDABLE HSNG |
| Seller | WATERS NATHAN F |
415 F Ave, Coronado CA Multifamily Opportunity
Positioned in a high-performing Coronado neighborhood, the asset benefits from strong amenity access and a deep regional renter base, according to WDSuite's CRE market data.
Coronado’s Urban Core setting delivers daily convenience and durable renter appeal. Amenity access is a standout: the neighborhood ranks 17 out of 621 metro neighborhoods for overall amenities, with restaurants, cafes, groceries, parks, and pharmacies all testing in the 90th percentile or better nationally. For investors, this breadth supports retention and lease-up consistency.
Schools are a notable strength. The neighborhood’s average school rating sits at the top of metro rankings (1 out of 621) and is in the top percentile nationally, a differentiator that can support family-oriented renter demand and longer tenancy.
Multifamily fundamentals point to pricing power balanced by select risks. Neighborhood median contract rents are in the top decile nationally, while home values are among the highest nationwide. In practice, this high-cost ownership market sustains reliance on multifamily housing, supporting renewal velocity and rent resiliency. At the same time, the neighborhood’s occupancy (measured for the neighborhood, not the property) trends below metro and national norms, so operators should emphasize product differentiation and tenant experience to protect absorption.
Vintage positioning matters here. The local average construction year is 1985; this property’s 2000 vintage is newer than surrounding stock, which can enhance competitive standing versus older buildings while still warranting targeted modernization for systems and finishes as part of capital planning.
Demand depth extends beyond the immediate blocks. Within a 3-mile radius, households and families have grown over the last five years and are projected to increase further by 2028, alongside smaller average household sizes. A renter-occupied share around 71% within this radius indicates a sizable tenant pool, which supports occupancy stability for well-positioned assets.
Safety indicators are mixed but improving. Compared with neighborhoods nationwide, the area stands modestly above average, and year-over-year declines in both property and violent offense estimates place it among stronger improvers. This supports an operating outlook where standard on-site measures and resident engagement can further reinforce outcomes.
For context, the neighborhood is evaluated against 621 metro neighborhoods; recent improvement rates are competitive among San Diego–Chula Vista–Carlsbad neighborhoods and solidly favorable in national comparisons. Avoid block-level assumptions and prioritize ongoing monitoring as part of risk management.
Proximity to energy utilities, defense & aerospace, and technology employers underpins renter demand with short commutes for professional and workforce tenants.
- Sempra Energy — energy utility (1.6 miles)
- Sempra Energy — energy utility (1.9 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (9.1 miles)
- Qualcomm — technology (13.9 miles) — HQ
This 21-unit asset’s 2000 construction positions it newer than the neighborhood average, offering competitive appeal versus older stock while leaving room for selective value-add to meet today’s renter expectations. Based on CRE market data from WDSuite, Coronado’s high amenity quality and top-ranked schools support lease retention, while elevated ownership costs in the area reinforce reliance on multifamily housing.
Within a 3-mile radius, population and household counts have increased and are expected to grow further by 2028, with smaller household sizes pointing to a larger renter pool. Neighborhood-level occupancy (for the neighborhood, not the property) trends below metro norms, so execution around positioning, customer service, and renewal management will be important to sustain performance.
- Newer 2000 vintage versus local average supports competitive positioning and measured capex planning
- High amenity access and top-tier schools backstop renter demand and lease retention
- Elevated home values in Coronado sustain multifamily reliance and pricing power
- 3-mile demographic growth and a large renter-occupied share expand the tenant base
- Risk: neighborhood occupancy runs below metro averages; active leasing strategy and differentiation are key