| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1219 Persimmon Ave, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 1990 |
| Units | 46 |
| Transaction Date | 2020-06-26 |
| Transaction Price | $1,175,500 |
| Buyer | HARRISON VILLAGE LLC |
| Seller | CAJON SENIOR VILLAS LLC |
1219 Persimmon Ave, El Cajon Multifamily Investment
Neighborhood occupancy remains strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this El Cajon asset for steady leasing in a high-cost ownership market.
Located in El Cajon within the San Diego metro, the neighborhood shows durable renter fundamentals with occupancy in the top quartile nationally and a high share of renter-occupied housing units at the neighborhood level. This supports a stable tenant base for a 46‑unit property, particularly with smaller average unit sizes that can target value-oriented and workforce renters.
Amenity access is competitive among San Diego neighborhoods (ranked 173 out of 621), with grocery and pharmacy coverage testing well above national averages, while restaurants are relatively dense for the area. Parks and cafes are limited locally, which may modestly affect lifestyle appeal and on-site amenity strategy.
Within a 3‑mile radius, population and household counts have expanded in recent years and are projected to continue growing, pointing to a gradually larger renter pool. Median incomes have trended upward in the radius, and rents have also risen, suggesting ongoing pricing power tempered by the need for focused lease management and resident retention practices.
Ownership costs in the neighborhood are elevated versus national norms, and the value‑to‑income ratio ranks in a high national percentile. For multifamily investors, this high‑cost ownership backdrop tends to sustain reliance on rental housing, which can support occupancy stability and reduce exposure to move‑outs into homeownership during the hold.
Safety indicators for the neighborhood trend below metro and national benchmarks. The neighborhood’s crime rank sits in the lower half of San Diego’s 621 neighborhoods, and national percentiles for both property and violent offenses are low, indicating a relatively higher incidence compared with U.S. neighborhoods overall.
Year over year, estimated violent offenses increased, and property offenses also rose modestly. Investors should incorporate prudent security planning and active on‑site management into underwriting and operations, aligning with local conditions and focusing on measures that support resident comfort and retention.
A diversified employer base across logistics, defense tech, energy utilities, and life sciences supports commuter demand and leasing stability for workforce and middle‑income renters.
- Sysco — foodservice distribution (10.9 miles)
- L-3 Telemetry & RF Products — defense & aerospace (11.4 miles)
- Sempra Energy — utilities (14.5 miles) — HQ
- Qualcomm — semiconductors & wireless (16.0 miles) — HQ
- Celgene Corporation — biotech (16.7 miles)
1219 Persimmon Ave offers 46 units built in 1990, newer than the neighborhood’s average vintage, which can provide a competitive edge versus older stock while leaving room for targeted modernization to enhance rents and retention. Neighborhood occupancy is high and the renter concentration is elevated, indicating depth of demand and support for steady lease‑up and renewals. Based on commercial real estate analysis from WDSuite, the surrounding ownership market is high‑cost by national standards, reinforcing the role of multifamily as the more accessible option for many households.
Within a 3‑mile radius, recent and projected increases in households point to a gradually expanding tenant base, while rising incomes and rent levels suggest continued potential for disciplined rent growth. Operators should balance this with affordability and safety considerations, focusing on resident services and thoughtful capital planning to sustain performance.
- High neighborhood occupancy and elevated renter concentration support leasing stability
- 1990 vintage offers relative competitiveness with selective value‑add potential
- High‑cost ownership environment underpins sustained multifamily demand
- 3‑mile household growth and rising incomes expand the renter pool over time
- Risks: below‑average safety metrics and affordability pressure require proactive management