| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1029 N Mollison Ave, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 1975 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | $1,470,500 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
1029 N Mollison Ave El Cajon Multifamily Value-Add
Neighborhood-level occupancy and renter concentration point to durable demand, according to WDSuite’s CRE market data, offering a stable backdrop for a 1975-vintage, 30-unit asset.
Located in El Cajon within the San Diego metro, the neighborhood rates B- and is competitive among 621 San Diego neighborhoods based on overall rank. For multifamily investors, local occupancy is strong (neighborhood-level measure), and the area sits in a high national percentile for filled units—an indicator that supports rent roll stability and lower downtime between turns, per WDSuite’s CRE market data.
Renter-occupied housing is a large share of the local unit mix (neighborhood-level renter concentration), which signals depth in the tenant base and helps sustain leasing velocity for similar properties. At the same time, the area’s value-to-income ratio ranks in a high national percentile, reflecting a high-cost ownership market across the neighborhood; this typically reinforces reliance on multifamily rentals and can support pricing power and lease retention.
Daily-needs access is a relative strength: grocery and pharmacy density rank in higher national percentiles, while restaurant options are comparatively abundant. Park and cafe density are limited within the immediate neighborhood, so resident recreation and coffeehouse demand may be met in adjacent corridors rather than on the doorstep.
Within a 3-mile radius, population and households have expanded in recent years, with forecasts pointing to further household growth. This trend, alongside a broad middle-income presence and rising median incomes, suggests a gradually expanding renter pool that can support occupancy and renewal rates. Median contract rents in the neighborhood are above many national peers, but rent-to-income levels indicate manageable affordability pressure, which is relevant for lease management and retention planning.
Asset vintage and positioning: The property’s 1975 construction predates the neighborhood’s average vintage (late 1970s). Investors should plan for targeted capital expenditures and consider value-add strategies (unit interiors, common areas, and building systems) to enhance competitive positioning against newer stock while leveraging the area’s occupancy strength.
Safety indicators for the neighborhood trend below metro and national benchmarks. In metro terms, the neighborhood’s crime rank sits in the lower half among 621 San Diego-area neighborhoods, and national percentiles indicate elevated incident rates relative to many U.S. neighborhoods. Investors should underwrite with prudent security and lighting improvements, ensure strong property management presence, and benchmark insurance and operating expenses accordingly.
Recent year-over-year movements show property and violent offense estimates increasing at the neighborhood level. While these are area-wide measures (not property-specific), they warrant sensible mitigation such as access control, camera coverage in common areas, and coordination with local resources to support resident satisfaction and retention.
The broader East County and central San Diego employment base supports commuter demand for workforce and mid-market rentals. Notable nearby employers include Sysco, L-3 Telemetry & RF Products, Sempra Energy, Qualcomm, and Celgene—providing diversified jobs across foodservice distribution, defense, utilities, wireless technology, and biotech.
- Sysco — foodservice distribution (10.6 miles)
- L-3 Telemetry & RF Products — defense & aerospace (10.8 miles)
- Sempra Energy — utilities (13.9 miles) — HQ
- Qualcomm — semiconductor & wireless (15.5 miles) — HQ
- Celgene Corporation — biotech (16.1 miles)
1029 N Mollison Ave is a 30-unit, 1975-vintage multifamily with average unit sizes near 775 sq. ft., positioned in a neighborhood with high occupancy and a large share of renter-occupied units (neighborhood-level metrics). According to CRE market data from WDSuite, the area ranks in a high national percentile for occupied housing, and ownership costs are elevated relative to incomes—factors that generally reinforce multifamily demand, pricing power, and renewal potential.
The 1975 construction suggests practical value-add and CapEx opportunities—modernizing interiors, elevating common areas, and addressing building systems—to compete against newer stock while leveraging the neighborhood’s renter demand and proximity to diverse employment centers. Key underwriting considerations include below-metro safety positioning and ensuring rents remain aligned with local rent-to-income dynamics to support retention.
- High neighborhood occupancy and renter concentration support tenant demand and leasing stability.
- 1975 vintage offers clear value-add and systems-upgrade pathways to enhance NOI.
- Elevated ownership costs in the neighborhood sustain reliance on rentals, aiding pricing power and renewals.
- Diversified regional employers within commuting range underpin workforce housing demand.
- Risks: safety metrics trail metro averages; manage affordability pressure and operating expenses accordingly.