| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1059 E Bradley Ave, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 1987 |
| Units | 30 |
| Transaction Date | 2011-05-24 |
| Transaction Price | $3,500,000 |
| Buyer | East Bradley Avenue LP |
| Seller | 1059 East Bradley LLC |
1059 E Bradley Ave El Cajon Multifamily Investment
Neighborhood-level occupancy is strong with a deep renter-occupied base, supporting durable leasing, according to WDSuite’s CRE market data.
Positioned in El Cajon within the San Diego metro, the neighborhood surrounding 1059 E Bradley Ave exhibits steady renter demand dynamics for multifamily investors. Neighborhood occupancy is competitive among 621 San Diego neighborhoods and sits well above national norms, and a high share of renter-occupied units indicates a broad tenant base for lease-up and renewals.
Daily-needs access is a relative strength: grocery stores and pharmacies benchmark in higher national percentiles, and restaurants are comparatively dense. By contrast, cafes and parks are sparse locally, which can temper lifestyle appeal for premium positioning. Average school ratings are not available in WDSuite’s dataset for this neighborhood; investors should underwrite to specific school catchments if that is a leasing driver.
Ownership costs are elevated versus incomes, with home values high on national benchmarks and a value-to-income ratio in a very elevated national percentile. This high-cost ownership market tends to sustain rental reliance and supports pricing power, while rent-to-income remains manageable from an operations standpoint, aiding retention and delinquency management.
Within a 3-mile radius, demographics point to a stable and gradually expanding renter pool: recent years show modest population and household growth, and WDSuite indicates households are projected to increase further over the next five years. This trajectory supports depth of demand for mid-size apartments like the area’s typical floor plans.
Safety indicators track below national averages, with neighborhood crime measures in lower national percentiles. Within the San Diego metro, the area ranks in the lower half out of 621 neighborhoods, suggesting investors should budget for active management and security measures when underwriting operations.
Conditions can vary by corridor and over time; prudent underwriting considers recent trend data, vendor quotes, and design features (lighting, access control) rather than relying solely on neighborhood-wide figures.
Regional employment anchors in food distribution, defense electronics, energy, and technology within a roughly 10–16 mile commute support workforce housing demand and tenant retention.
- Sysco — food distribution (10.2 miles)
- L-3 Telemetry & RF Products — defense & aerospace electronics (10.9 miles)
- Sempra Energy — energy & utilities (14.3 miles) — HQ
- Qualcomm — wireless & semiconductors (15.4 miles) — HQ
- Celgene Corporation — biopharma offices (16.1 miles)
This 30-unit, 1987-vintage asset provides exposure to a renter-heavy neighborhood where occupancy is competitive among 621 San Diego neighborhoods and well above national norms, supporting income stability. Being newer than the neighborhood’s average construction year, the property can compete effectively against older stock; investors should still plan for modernization of aging systems or interior updates to drive rent premiums.
Based on CRE market data from WDSuite, elevated home values and a high value-to-income ratio reinforce reliance on rental housing, while rent-to-income remains manageable, aiding lease retention. Within a 3-mile radius, households have been growing and are projected to increase further over the next five years, expanding the tenant base for mid-size units and supporting occupancy resilience through cycles.
- Strong neighborhood occupancy and a deep renter-occupied share underpin leasing stability.
- 1987 construction offers competitive positioning with potential value-add through targeted renovations.
- High-cost ownership market supports sustained renter demand and pricing power.
- Risk: below-average safety metrics and limited cafes/parks may require security spend and marketing focus on daily-needs access.