| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1005 N Mollison Ave, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 1979 |
| Units | 27 |
| Transaction Date | 1996-09-04 |
| Transaction Price | $825,000 |
| Buyer | SEAMAN GREGG C |
| Seller | WORLD SVGS BANK FSB |
1005 N Mollison Ave El Cajon Multifamily Investment
Neighborhood occupancy is elevated with a deep renter-occupied base, supporting income stability for investors, according to WDSuite’s CRE market data.
Positioned in El Cajon’s Urban Core, the neighborhood shows strong rental fundamentals: neighborhood occupancy is high and the share of housing units that are renter-occupied is roughly two-thirds, indicating depth in the tenant base and potential for steady leasing. These metrics describe the neighborhood rather than performance at 1005 N Mollison Ave.
Convenience-oriented amenities are a relative strength. Grocery access sits in a high national percentile, and restaurants are competitive among San Diego-Chula Vista-Carlsbad neighborhoods, while childcare density ranks near the top of the metro. By contrast, parks and cafes are limited locally, which may modestly temper lifestyle appeal but does not typically disrupt workforce housing demand.
Ownership remains a high-cost path in this area and across San Diego County. Elevated home values (with the neighborhood in a high national percentile) and a strong value-to-income ratio reinforce reliance on multifamily rentals, supporting pricing power and lease retention. At the same time, rent-to-income levels in the neighborhood are comparatively manageable, suggesting room for sustainable rent strategies rather than aggressive hikes.
Within a 3-mile radius, population has inched up and households have grown over the past five years, expanding the renter pool. Projections point to further household growth through the next five years, which would enlarge the tenant base and support occupancy stability. Income growth in the radius also trends higher, which can underpin effective rent collections and reduce turnover risk, based on CRE market data from WDSuite.
Safety outcomes in this neighborhood trend below national medians. Compared with neighborhoods nationwide, crime-related indicators sit in lower national percentiles, and the neighborhood ranks below the metro median (ranked 444 among 621 San Diego-Chula Vista-Carlsbad neighborhoods). This suggests investors should underwrite conservative expense assumptions for security and common-area management.
Recent trends show one-year increases in both violent and property offenses at the neighborhood level. While these statistics do not describe conditions at the property itself, they warrant routine risk controls (lighting, access systems, resident screening) and responsive management to support tenant retention and asset performance.
Nearby employers provide a broad base of jobs across foodservice distribution, defense and aerospace, utilities, semiconductors, and biopharma, supporting renter demand through commute convenience to major job centers.
- Sysco — foodservice distribution (10.6 miles)
- L-3 Telemetry & RF Products — defense & aerospace (10.8 miles)
- Sempra Energy — utilities (13.9 miles) — HQ
- Qualcomm — semiconductors (15.5 miles) — HQ
- Celgene Corporation — biopharma (16.2 miles)
The investment case centers on durable renter demand and constrained ownership alternatives. Neighborhood occupancy trends are strong, and a large share of housing units are renter-occupied, indicating a deep tenant base that can support consistent leasing. Elevated ownership costs in the San Diego metro reinforce reliance on multifamily housing, while neighborhood rent-to-income levels appear comparatively manageable, supporting retention and collections. Within a 3-mile radius, household counts have grown and are projected to expand further, suggesting a larger renter pool over the coming years.
According to commercial real estate analysis from WDSuite, local amenities skew toward daily needs (groceries, pharmacies, restaurants), which aligns with workforce housing demand. Risk factors to monitor include below-median safety indicators relative to the metro and limited neighborhood parks and cafes; prudent security measures and targeted amenity upgrades can help sustain tenant satisfaction without overextending capital plans.
- High neighborhood occupancy and deep renter concentration support leasing stability
- Elevated ownership costs in the area reinforce multifamily demand and pricing power
- 3-mile radius shows household growth and rising incomes, expanding the tenant base
- Daily-needs amenities (groceries, restaurants, pharmacies) align with workforce housing demand
- Risk: below-median safety metrics and limited parks/cafes warrant conservative management and security