| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 14th | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1055 S Mollison Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1986 |
| Units | 53 |
| Transaction Date | 2000-01-20 |
| Transaction Price | $2,885,000 |
| Buyer | MIRAMAR INVESTMENT TRUST |
| Seller | CAJON PARTNERSHIP NO 1 |
1055 S Mollison Ave El Cajon Multifamily Investment
Neighborhood occupancy trends are competitive and supported by a deep renter base, according to WDSuite s CRE market data. The location within San Diego County offers steady renter demand relative to ownership costs, aiding income stability for operators.
Situated in El Cajon an Urban Core pocket of the San Diego-Chula Vista-Carlsbad metro the asset benefits from a renter-driven housing landscape. The share of housing units that are renter-occupied ranks near the top among 621 metro neighborhoods, pointing to a large tenant base and consistent leasing velocity rather than owner-occupied competition.
According to CRE market data from WDSuite, neighborhood occupancy runs above national norms, supporting income durability through typical cycles. Neighborhood-level NOI per unit performance is competitive as well, landing in the top quartile among 621 metro neighborhoods, a signal that local fundamentals have historically supported collections and operating efficiency.
Daily-needs access is mixed: cafe and childcare density are notably strong for the area, while neighborhood counts for grocery stores, pharmacies, and parks are limited. For investors, this combination suggests convenient lifestyle touchpoints but with some reliance on nearby districts for full-service retail and recreation.
Within a 3-mile radius, demographics show population holding roughly steady with households increasing in recent years, and projections calling for further household growth by the mid-2020s. Rising median incomes alongside upward-trending contract rents indicate an expanding renter pool with some pricing power, though operators should calibrate renewals to maintain retention.
Home values in the neighborhood are elevated relative to local incomes, a high-cost ownership backdrop that tends to sustain reliance on multifamily rentals. This context can support occupancy and lease-up pacing, while requiring thoughtful rent-to-income management to protect retention.
Safety conditions in this neighborhood trend below national averages and trail many San Diego metro peers. In metro context, the area ranks in the lower tier among 621 neighborhoods, which warrants prudent property management practices such as lighting, access control, and resident engagement.
Recent year data indicate increases in reported offenses at the neighborhood level. For investors, the key takeaway is to underwrite with appropriate operating assumptions and monitor municipal and community initiatives that may influence safety trends over the hold period.
Regional employment anchors within commuting range including L-3 Telemetry & RF Products, Sysco, Sempra Energy, Qualcomm, and Celgene help support renter demand and retention through diversified office and industrial payrolls.
- L-3 Telemetry & RF Products defense & aerospace (11.2 miles)
- Sysco food distribution (12.3 miles)
- Sempra Energy utilities (13.1 miles) HQ
- Qualcomm wireless & semiconductors (16.4 miles) HQ
- Celgene Corporation biopharma (16.9 miles)
Built in 1986, the property is slightly newer than the neighborhood average stock, offering competitive positioning versus older assets while leaving room for targeted modernization of exteriors, interiors, and building systems over time. The neighborhood s renter concentration and above-median occupancy, based on commercial real estate analysis from WDSuite, point to a durable tenant base and steady leasing activity.
Within a 3-mile radius, households have risen with additional gains projected, reinforcing an expanding renter pool that supports occupancy stability. Elevated home values relative to incomes indicate a high-cost ownership market that tends to sustain multifamily demand; however, operators should balance rent growth with retention, given rent-to-income pressures and pockets of below-average safety in the area.
- Renter-heavy neighborhood supports depth of demand and consistent leasing
- Occupancy trends above national norms underpin income stability
- 1986 vintage offers value-add potential via selective modernization
- High-cost ownership context reinforces reliance on rentals and lease retention
- Risks: affordability pressure and below-average safety require disciplined operations