| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1039 N Mollison Ave, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 2000 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | $460,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
1039 N Mollison Ave, El Cajon CA Multifamily Investment
Stabilized renter demand in an Urban Core pocket of El Cajon, with neighborhood occupancy trending strong according to WDSuite’s CRE market data. Newer construction for the area supports competitive positioning and potential rent durability.
Located in El Cajon within the San Diego–Chula Vista–Carlsbad metro, the neighborhood rates B- and sits around the metro median overall (ranked 300 among 621 neighborhoods). Neighborhood occupancy is robust and in the top quartile nationally, which supports income stability at comparable assets; these figures represent neighborhood-level conditions, not the property.
At a 3-mile radius, household counts have increased in recent years with further growth projected, indicating a larger tenant base and sustained multifamily demand. The renter-occupied share is about 54–55% while owner-occupied is about 45%, suggesting a deep pool of renters and potential leasing depth for a 28-unit asset.
Daily needs are convenient: grocery and pharmacy density ranks well above most areas (each competitive among metro neighborhoods and high in national percentiles), while restaurants are also relatively dense. Café and park densities are limited locally, which modestly tempers lifestyle appeal versus core urban submarkets but does not materially detract from workforce demand.
Home values in the neighborhood sit in a higher national percentile, reinforcing renter reliance on multifamily housing and aiding retention for well-managed properties. Median neighborhood rents and incomes point to moderate rent-to-income dynamics relative to many West Coast peers, supporting leasing stability and measured pricing power for owners who manage renewals effectively.
Vintage matters: with an average neighborhood construction year around 1979, a 2000 build is newer than much of the local stock, indicating potential competitive advantages in systems, layout efficiency, and ongoing capital planning. Investors can position the asset against older comparables, while still budgeting for modernization to meet current renter preferences.
Safety indicators are mixed and should be monitored. Relative to neighborhoods nationwide, the area ranks below average for safety (crime metrics sit in lower national percentiles), and within the metro it trends below the median (ranked 444 of 621). These are neighborhood-level readings rather than property-specific conditions.
Recent year estimates show increases in violent incidents alongside modest increases in property offenses. Investors may want to factor security design, lighting, and resident engagement into operations and underwrite to conservative loss assumptions while tracking trend direction over time.
Proximity to regional employers supports a steady renter pool, particularly for workforce and professional tenants commuting across East County and central San Diego. Nearby employment anchors include distribution, defense/aerospace, energy utilities, and technology HQ functions.
- Sysco — foodservice distribution (10.6 miles)
- L-3 Telemetry & RF Products — defense & aerospace (10.8 miles)
- Sempra Energy — energy utilities (13.9 miles) — HQ
- Qualcomm — telecommunications & semiconductors (15.5 miles) — HQ
- Celgene Corporation — biopharma offices (16.1 miles)
1039 N Mollison Ave is a 28-unit, 2000-vintage asset positioned in an Urban Core neighborhood where renter concentration and high neighborhood occupancy support income durability. The property’s vintage is newer than much of the local stock, offering a competitive edge versus 1970s-era comparables while leaving room for targeted upgrades to enhance positioning and renewals. Elevated neighborhood home values indicate a high-cost ownership market, which tends to reinforce multifamily demand and lease retention.
According to CRE market data from WDSuite, the neighborhood’s occupancy performance ranks strongly at the national level, while 3-mile demographics point to ongoing household growth and a sizable renter pool—favorable for leasing and pricing discipline. Amenity access is practical (groceries, pharmacies, and restaurants), though limited parks and cafés and below-median safety readings warrant prudent operating plans and conservative underwriting for non-rent expenses.
- Neighborhood occupancy is strong nationally, supporting stability for comparable multifamily assets.
- 2000 construction offers competitive positioning versus older area stock, with targeted capex upside.
- High home values sustain renter reliance on multifamily, aiding renewal strategies and retention.
- 3-mile household growth expands the tenant base, supporting lease-up and steady absorption.
- Risks: below-median safety metrics and limited parks/cafés—plan for security, activation, and expense buffers.