| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 29th | Poor |
| Amenities | 50th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 131 Chambers St, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 2013 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
131 Chambers St El Cajon Multifamily Investment
This 49-unit property built in 2013 sits in a neighborhood with 97.5% occupancy and strong renter demand, where nearly 89% of housing units are renter-occupied according to CRE market data from WDSuite.
Located in El Cajon's urban core, this neighborhood demonstrates strong rental fundamentals with 97.5% occupancy that ranks in the 86th percentile nationally among 621 metro neighborhoods. The area maintains an 88.7% renter-occupied housing share, ranking at the top of the metro and 100th percentile nationally, indicating robust rental demand depth.
Built in 2013, this property is notably newer than the neighborhood's 1973 average construction year, providing a competitive advantage with reduced near-term capital expenditure needs and modern amenities that appeal to today's renters. The area's median contract rent of $1,430 has grown 31% over five years, while maintaining strong occupancy levels.
Demographics within a 3-mile radius show a population of 144,594 with household income growth of 32% over five years to a median of $80,263. Projections through 2028 indicate continued population growth of 2% and household formation increasing 26%, expanding the potential renter pool. The neighborhood offers exceptional amenity density with grocery stores ranking 100th percentile nationally and restaurants in the 99th percentile, supporting tenant retention.
Home values averaging $507,200 with a 7.7 value-to-income ratio reinforce rental demand, as elevated ownership costs keep households in the multifamily market. The rent-to-income ratio suggests potential affordability pressure that requires careful lease management and renewal strategies.
Safety metrics show mixed trends requiring investor attention. Property crime rates rank toward the bottom quartile among the 621 metro neighborhoods, with recent increases of 28% year-over-year. However, violent crime has declined 7% over the same period, ranking above the metro median.
While these metrics warrant consideration in underwriting and tenant screening protocols, the neighborhood's strong occupancy levels and rental demand suggest residents find the location acceptable for their housing needs. Investors should factor security considerations into property management strategies and potentially capital improvements.
The property benefits from proximity to major San Diego employment centers, with several significant corporate offices within commuting distance supporting workforce housing demand.
- L-3 Telemetry & RF Products — defense & aerospace (10.0 miles)
- Sysco — food distribution services (10.9 miles)
- Sempra Energy — utilities HQ (12.6 miles)
- Qualcomm — technology HQ (15.1 miles)
- Celgene Corporation — biotechnology (15.6 miles)
This 2013-built property offers a compelling investment profile anchored by exceptional rental market fundamentals. The neighborhood's 97.5% occupancy rate ranks in the 86th percentile nationally, while the 88.7% renter-occupied housing share demonstrates deep rental demand. Commercial real estate analysis from WDSuite indicates this urban core location benefits from strong demographic trends, with projected household growth of 26% through 2028 expanding the tenant base.
The property's newer vintage provides operational advantages with reduced near-term capital expenditure needs compared to the neighborhood's 1973 average construction year. Home values at a 7.7 value-to-income ratio reinforce rental demand by keeping ownership costs elevated relative to household incomes. However, investors should monitor rent-to-income ratios and recent property crime increases when developing leasing and management strategies.
- Strong occupancy fundamentals with 97.5% neighborhood rate ranking 86th percentile nationally
- Exceptional rental demand depth with 88.7% renter-occupied housing share
- Newer 2013 construction reduces near-term capital expenditure requirements
- Projected 26% household growth through 2028 supports tenant demand expansion
- Risk considerations include property crime trends and affordability pressure requiring active management