| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1012 N Anza St, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 1988 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1012 N Anza St El Cajon Multifamily Investment
This 64-unit property built in 1988 benefits from neighborhood-level occupancy rates of 98.3%, positioning above the metro median for stability. Strong renter concentration supports consistent demand in this established El Cajon location.
Located in an Urban Core neighborhood with a B- rating, this El Cajon submarket demonstrates solid fundamentals for multifamily investors. The neighborhood ranks in the 91st percentile nationally for occupancy rates at 98.3%, indicating strong tenant retention and limited vacancy pressure. With 66.8% of housing units occupied by renters, the area ranks in the 96th percentile nationally for rental concentration, supporting consistent demand for multifamily properties.
Demographics within a 3-mile radius show a stable tenant base with 148,598 residents and modest population growth of 1.2% over five years. Household formation has increased 5.1% during the same period, expanding the potential renter pool. Median household income of $76,421 has grown 30.7% over five years, though rent-to-income ratios remain elevated, which can create retention considerations for lease management.
The property's 1988 construction year aligns with the neighborhood average of 1979, suggesting potential value-add opportunities through strategic capital improvements. Median contract rents of $1,632 have increased 30.2% over five years, while home values averaging $595,133 reinforce rental demand by keeping ownership costs elevated relative to rental options. Amenity access includes strong grocery and childcare density, ranking in the 92nd and 98th percentiles nationally respectively, supporting tenant appeal and retention.
Safety metrics for this El Cajon neighborhood require careful monitoring, with crime rankings placing it in the lower quartiles among the metro's 621 neighborhoods. Property offense rates of 1,512 per 100,000 residents rank in the 15th percentile nationally, while violent crime rates of 313 per 100,000 residents rank in the 14th percentile nationally. Both property and violent crime rates have increased over the past year, with property offenses up 4.9% and violent offenses up 25.7%.
These safety considerations should factor into tenant screening, property management protocols, and insurance planning. Investors may want to evaluate security enhancements, lighting improvements, and community engagement initiatives as part of their capital planning. The neighborhood's strong occupancy rates suggest current tenants remain committed despite these challenges, but ongoing monitoring of crime trends will be important for lease renewal strategies.
The property benefits from proximity to major San Diego employers, providing workforce housing for diverse industries within commutable distances.
- Sysco — food distribution (10.7 miles)
- L-3 Telemetry & RF Products — defense technology (10.9 miles)
- Sempra Energy — utilities HQ (14.0 miles)
- Qualcomm — technology HQ (15.6 miles)
- Celgene Corporation — biotechnology (16.3 miles)
This 64-unit El Cajon property presents a stable cash flow opportunity supported by exceptional neighborhood-level occupancy of 98.3%, ranking in the 91st percentile nationally. The 1988 construction year offers value-add potential through strategic renovations, while the area's 66.8% renter concentration provides consistent demand depth. According to CRE market data from WDSuite, rent growth of 30.2% over five years demonstrates pricing power, though elevated rent-to-income ratios warrant careful lease management strategies.
Demographic trends within a 3-mile radius support long-term fundamentals, with household formation increasing 5.1% and median incomes rising 30.7% over five years. The Urban Core location provides access to employment centers including major San Diego employers like Qualcomm and Sempra Energy within commutable distances. Home values averaging $595,133 reinforce rental demand by maintaining elevated ownership costs relative to rental options.
- Neighborhood occupancy of 98.3% ranks in 91st percentile nationally
- Strong renter concentration at 66.8% supports consistent demand
- Value-add potential through strategic capital improvements
- Proximity to major San Diego employment centers
- Risk: Elevated crime rates require enhanced security planning