| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 35th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1334 N 1st St, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | 1998-08-05 |
| Transaction Price | $950,000 |
| Buyer | STYN RONALD L |
| Seller | SAN DIEGO APARTMENT INVESTORS GROUP 27 L |
1334 N 1st St El Cajon Multifamily with Stable Occupancy
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data, supporting durable cash flow potential in this El Cajon location.
The property sits in an Urban Core neighborhood within the San Diego-Chula Vista-Carlsbad metro that carries a B- neighborhood rating and an occupancy profile that ranks 124th of 621 metro neighborhoods. That positioning is above the metro median and in the top decile nationally by occupancy, a constructive backdrop for lease-up and retention.
Renter-occupied housing represents a sizable share of neighborhood units (66.8%), placing it among the highest renter concentrations in the metro (74th of 621). For multifamily owners, that depth of renter households translates into a larger tenant base and generally steadier demand across cycles.
Daily-needs access is a relative strength: grocery and pharmacy density track above national norms, while restaurants are competitive versus peer areas. Cafe and park density are limited, so lifestyle amenities skew practical rather than recreational. Median home values sit at elevated levels compared with much of the country, which tends to reinforce reliance on rentals and can support pricing power with careful lease management.
Demographic statistics aggregated within a 3-mile radius indicate modest population growth over the last five years alongside a larger increase in households, expanding the near-term renter pool. Forecasts call for continued household growth over the next five years, which supports occupancy stability and a deeper tenant base for well-managed assets.
Constructed in 1985, the asset is newer than the neighborhood’s average vintage (1979). That relative positioning can enhance competitiveness versus older stock, though investors should still plan for targeted system upgrades and potential modernization to meet current renter expectations.
Safety metrics in the immediate neighborhood track below national averages, with rankings indicating it is below the metro median on crime relative to other San Diego-area neighborhoods (ranked 444th of 621). National percentiles suggest safety is not a differentiator here, so underwriting should incorporate prudent assumptions for security measures and tenant screening.
Recent one-year trends point to increases in both violent and property offense estimates, indicating investors should budget for on-site lighting, access controls, and community management to support resident experience and retention. Compare block-level data and recent police reports during due diligence to refine assumptions, as conditions can vary within short distances.
Employment access is diversified across logistics, aerospace/defense, energy utilities, and technology, providing a broad commuter base that supports renter demand and lease retention for workforce and mid-market units.
- Sysco — foodservice distribution (10.5 miles)
- L-3 Telemetry & RF Products — defense & aerospace (11.1 miles)
- Sempra Energy — energy utilities (14.3 miles) — HQ
- Qualcomm — wireless technology (15.7 miles) — HQ
- Celgene Corporation — biotech/pharma (16.3 miles)
This 24-unit, 1985-vintage asset benefits from a neighborhood with above-metro occupancy and a high concentration of renter-occupied housing, supporting leasing velocity and renewal potential. Elevated home values in the area point to a high-cost ownership market, which tends to sustain multifamily demand and can support pricing power with disciplined lease management. Daily-needs amenities (grocery, pharmacy) are strong, adding to livability for a workforce renter base.
Demographic statistics within a 3-mile radius show recent growth in households and forecasts indicate further expansion, which should enlarge the tenant base and support occupancy stability. According to CRE market data from WDSuite, the neighborhood’s occupancy ranks competitively within the metro and sits in a strong national percentile, while the property’s newer-than-average vintage versus local stock suggests relative competitiveness—though investors should plan for selective modernization and capex over the hold.
- Occupancy positioned above the metro median and strong nationally, supporting steady collections
- High renter-occupied share indicates a deep tenant base for multifamily demand
- Elevated local home values reinforce rental reliance and potential pricing power
- 1985 vintage offers relative competitiveness vs. older stock, with targeted upgrade upside
- Risk: safety metrics trail metro and national benchmarks—budget for security and active management