| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 30th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1040 E Washington Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 2000 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1040 E Washington Ave, El Cajon Multifamily Investment
Neighborhood occupancy has remained resilient with strong renter demand supported by dense retail and services, according to WDSuite’s CRE market data. The asset’s 2000 vintage offers competitive positioning versus older nearby stock while capital plans can focus on targeted modernization.
The property sits in an Urban Core setting of the San Diego–Chula Vista–Carlsbad metro where amenity access is a clear strength. Grocery and pharmacy density ranks in the top range nationally, and restaurants and cafés are plentiful, supporting daily convenience and leasing appeal for workforce renters. Based on WDSuite data, this neighborhood is competitive among 621 San Diego metro neighborhoods for overall occupancy and amenity access, helping underpin day‑to‑day livability.
At the neighborhood level, occupancy is above the metro median, which has supported stable cash flow for comparable assets. The average construction year in the area is 1976, while this property was built in 2000, positioning it as newer than much of the surrounding stock—typically a plus for leasing and maintenance. Investors can evaluate selective upgrades for systems and finishes to sustain competitiveness over the hold.
Demographic statistics aggregated within a 3‑mile radius indicate steady population growth and a 4.7% increase in households over the past five years, with projections calling for further household gains. A renter‑occupied share near 53% in this radius suggests a sizable tenant base, which can support occupancy stability and absorption for similar multifamily assets.
School ratings in the immediate area trend below regional averages, which may limit appeal for some family renters, but robust retail access and transit‑adjacent urban fabric often offset this for workforce tenants. From an investor lens, rent levels have risen over five years in the surrounding radius, and continued amenity depth should help sustain demand, based on WDSuite’s multifamily property research.
Relative to the San Diego metro, this neighborhood trends toward the higher‑crime end of the spectrum (ranked closer to the bottom among 621 neighborhoods), and it sits below the national median for safety. Nationally, it does not place in the top quartiles, indicating investors should underwrite prudent security measures and operational controls.
Recent year‑over‑year indicators in WDSuite’s data show an uptick in both property and violent offense estimates. For underwriting, consider appropriate insurance assumptions, access control, lighting and surveillance, and partnership with responsive property management to support resident experience and retention.
Proximity to major employers supports a broad workforce renter pool and commute convenience. Notable nearby employment nodes include L‑3 Telemetry & RF Products, Sysco, Sempra Energy, Qualcomm, and Celgene.
- L-3 Telemetry & RF Products — defense & aerospace offices (11.2 miles)
- Sysco — foodservice distribution (11.9 miles)
- Sempra Energy — energy utilities (13.5 miles) — HQ
- Qualcomm — wireless technology (16.3 miles) — HQ
- Celgene Corporation — biotech/pharma offices (16.8 miles)
Built in 2000 with 56 units, the property is newer than much of the surrounding multifamily stock, offering a competitive edge on systems and curb appeal while leaving room for targeted value‑add. Strong neighborhood occupancy and deep amenity access support leasing fundamentals, and demographic trends within a 3‑mile radius point to a growing renter pool as households increase.
According to CRE market data from WDSuite, the neighborhood’s occupancy performance is above the metro median, while renter concentration within the 3‑mile radius provides depth for tenant demand and renewal capture. Underwriting should account for localized affordability pressure and safety considerations, but proximity to diverse employment centers and a dense retail/service base helps reinforce demand durability.
- 2000 vintage offers competitive positioning versus older local stock with selective value‑add potential
- Occupancy trends above metro median support income stability
- 3‑mile radius shows household growth and a sizable renter base, supporting absorption
- Dense retail and employer access underpin daily convenience and leasing velocity
- Risks: affordability pressure and below‑average safety metrics warrant conservative underwriting and active management