| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 11th | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1365 Broadway, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 1986 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | $1,850,000 |
| Buyer | CVG CANYON RUN LLC |
| Seller | CANYON R & S LP |
1365 Broadway El Cajon Multifamily Investment Opportunity
Neighborhood occupancy ranks at the top of the San Diego metro, pointing to durable leasing fundamentals, according to WDSuite’s CRE market data. Elevated local ownership costs further support renter demand, positioning this 1986 asset for competitive performance with prudent operations.
The property sits in El Cajon’s Urban Core, where neighborhood occupancy is among the highest in the metro (competitive at the very top among 621 neighborhoods). For investors, that translates to steady lease-up and retention potential when assets are well-managed and appropriately positioned.
Everyday amenities are anchored by strong grocery access (top decile nationally), though cafes, parks, and pharmacies are relatively sparse within the immediate neighborhood. That mix points to practical convenience for residents while suggesting that on-site or nearby private amenities can differentiate leasing.
Housing stock in the neighborhood skews older (average vintage 1974). With a 1986 construction year, this asset is newer than the local average, which can improve competitive positioning versus older comparables; investors should still plan for selective system modernization and cosmetic updates typical of 1980s product.
The renter-occupied share of housing units in the neighborhood is high, indicating a deep tenant base and supporting multifamily demand. Within a 3-mile radius, recent population and household growth, alongside a projected increase in households through the forecast period, suggest a larger renter pool over time and support for occupancy stability.
Home values in the area are elevated relative to national norms, creating a high-cost ownership market that tends to reinforce reliance on rental housing. Median rents are also higher than many U.S. neighborhoods, so lease management should balance pricing power with awareness of rent-to-income affordability pressure.
Safety indicators for the neighborhood trend weaker than many San Diego metro areas and sit below national medians. Rank data place the area toward the higher-crime end of the metro (measured against 621 neighborhoods), and national percentiles indicate it is less safe than most neighborhoods nationwide.
Investors should underwrite with prudent assumptions, consider security-minded property operations, and track local trend lines, which have shown recent year-over-year increases in both property and violent incident rates. Positioning, lighting, access control, and resident engagement can help support retention and asset performance.
Proximity to major employers supports a broad workforce renter base and commute convenience, with exposure to distribution, aerospace/defense, energy utilities, and technology.
- Sysco — distribution & logistics (11.3 miles)
- L-3 Telemetry & RF Products — defense & aerospace (11.8 miles)
- Sempra Energy — utilities & energy (14.7 miles) — HQ
- Qualcomm — technology & R&D (16.5 miles) — HQ
- Celgene Corporation — biotech & pharmaceuticals (17.1 miles)
This 36-unit, 1986-vintage asset benefits from neighborhood occupancy that ranks at the top of the San Diego metro and a renter-heavy housing mix that supports depth of demand. Elevated home values in the area reinforce renter reliance on multifamily housing, while 3-mile radius demographics indicate recent growth in population and households and a projected increase in households, all of which underpin a larger tenant base over time.
Relative to the neighborhood’s older average vintage, 1986 construction can compete well versus 1970s stock, though investors should budget for targeted modernization to sustain positioning. Based on commercial real estate analysis from WDSuite, rents trend above many U.S. neighborhoods, so operators should calibrate pricing and renewal strategies to manage rent-to-income affordability pressure while maintaining occupancy stability.
- Neighborhood occupancy at the top of the metro supports steady leasing and retention
- High renter-occupied share indicates a deep tenant base for multifamily demand
- 1986 vintage offers competitive positioning versus older local stock with selective upgrades
- Elevated ownership costs in the area reinforce reliance on rental housing and pricing power
- Risk: Below-average safety metrics and affordability pressure warrant conservative underwriting and proactive operations