| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 26th | Poor |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1043 S Sunshine Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1043 S Sunshine Ave El Cajon Multifamily Investment
This 24-unit property offers exposure to a neighborhood with 100% occupancy rates and strong rental demand. Commercial real estate analysis from WDSuite indicates the area benefits from dense grocery access and growing household formation in the 3-mile radius.
Built in 1978, this property is positioned in an urban core neighborhood that ranks in the top quartile nationally for housing metrics among the San Diego metro's 621 neighborhoods. The construction year aligns with neighborhood averages, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements.
The neighborhood demonstrates exceptional occupancy stability with 100% occupancy rates, ranking first among all metro neighborhoods. With 65.3% of housing units renter-occupied, the area maintains strong rental demand that supports multifamily fundamentals. Demographic data aggregated within a 3-mile radius shows a population of approximately 147,000 with household formation trends supporting continued renter pool expansion.
Median contract rents of $1,659 position the neighborhood in the 84th percentile nationally, while grocery store density ranks in the 98th percentile with 7.36 stores per square mile. This amenity access supports tenant retention, though investors should monitor the rent-to-income ratio of 0.34, which ranks in the bottom quartile nationally and may indicate affordability pressure affecting lease management considerations.
Home values averaging $593,414 with 45.7% five-year appreciation reinforce rental demand by keeping ownership costs elevated relative to renting. The neighborhood's B- rating reflects balanced fundamentals, with strong housing and amenity metrics offsetting demographic challenges in this mature urban core location.
Property crime rates in the neighborhood rank 334th among 621 San Diego metro neighborhoods, placing it in the middle range for the region. The estimated property offense rate shows a 12.4% year-over-year decline, indicating improving trends that may support tenant retention and leasing stability.
Violent crime rates rank 318th regionally, with an 8.1% year-over-year decrease suggesting continued improvement. While crime metrics rank below metro averages, the downward trajectory in both property and violent offenses provides a positive context for investors evaluating neighborhood stability and tenant appeal.
The property benefits from proximity to major corporate offices and headquarters that support workforce housing demand, including defense contractors and energy companies within a reasonable commute.
- L-3 Telemetry & RF Products — defense & aerospace (10.4 miles)
- Sysco — food service distribution (11.9 miles)
- Sempra Energy — utilities & energy (12.3 miles) — HQ
- Qualcomm — technology & telecommunications (15.7 miles) — HQ
- Celgene Corporation — biotechnology (16.1 miles)
This 24-unit property built in 1978 presents value-add potential in a neighborhood demonstrating exceptional occupancy fundamentals. The area's 100% occupancy rate ranks first among all San Diego metro neighborhoods, while the 65.3% renter-occupied housing share supports sustained multifamily demand. According to CRE market data from WDSuite, the neighborhood's strong grocery density and declining crime rates create favorable tenant retention conditions.
Demographic trends within the 3-mile radius show household growth supporting renter pool expansion, while elevated home values relative to rents reinforce rental demand over ownership transitions. The property's 1978 vintage aligns with neighborhood averages, offering renovation upside for investors targeting capital improvement strategies in this urban core location.
- Exceptional occupancy stability with 100% neighborhood rates ranking first regionally
- Strong rental demand supported by 65.3% renter-occupied housing share
- Value-add renovation potential with 1978 construction year
- Proximity to major employers including Sempra Energy and Qualcomm headquarters
- Monitor affordability pressure with rent-to-income ratios in bottom quartile nationally