| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 50th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1397 E Washington Ave, El Cajon, CA, 92019, US |
| Region / Metro | El Cajon |
| Year of Construction | 1978 |
| Units | 35 |
| Transaction Date | 2000-10-26 |
| Transaction Price | $964,000 |
| Buyer | BAR KOKHBA LP |
| Seller | HILLGREEN GREGORY R |
1397 E Washington Ave El Cajon Multifamily Investment
This 35-unit property benefits from neighborhood occupancy rates above 99%, supported by strong renter demand in San Diego County's inner suburban markets according to CRE market data from WDSuite.
Located in El Cajon's inner suburban market, this neighborhood demonstrates solid fundamentals for multifamily investors. The area ranks in the top quartile nationally for occupancy rates at 99.1%, reflecting strong rental demand and tenant retention. With 53.1% of housing units renter-occupied within the 3-mile radius, the market maintains a substantial tenant base to support sustained leasing activity.
Built in 1976, this property aligns with the neighborhood's average construction year of 1977, indicating consistent vintage throughout the area. This vintage presents value-add renovation opportunities while avoiding the capital expenditure burden of significantly older properties. The neighborhood's median contract rent of $2,068 ranks in the 93rd percentile nationally, demonstrating pricing power in this market segment.
Demographic projections within the 3-mile radius show household growth of 25.4% through 2028, expanding the renter pool and supporting occupancy stability. The area benefits from above-average childcare density ranking in the 96th percentile nationally, appealing to family renters. Median household income of $119,792 in the immediate neighborhood provides solid rent-paying capacity, though investors should monitor the rent-to-income ratio for affordability considerations.
The neighborhood receives a B rating among 621 San Diego metro neighborhoods, with particular strength in housing metrics ranking in the 79th percentile nationally. Restaurant density and pharmacy access exceed metro averages, supporting tenant appeal and retention in this established suburban location.
Safety metrics for this El Cajon neighborhood show mixed trends that warrant investor attention. Property crime rates rank 293rd among 621 San Diego metro neighborhoods, placing the area in the lower half for property-related incidents. However, violent crime trends show improvement with an 11.9% decrease over the past year, ranking in the upper half of metro neighborhoods for crime reduction.
When compared nationally, the neighborhood's overall crime profile ranks in the 34th percentile, indicating room for improvement relative to similar suburban markets. Investors should factor security considerations into property management strategies and tenant screening processes, while monitoring local crime trends that could impact resident retention and property values.
The San Diego metro employment base provides diverse job opportunities within commuting distance, supporting workforce housing demand for this El Cajon location.
- L-3 Telemetry & RF Products — defense technology (12.1 miles)
- Sysco — food distribution (12.5 miles)
- Sempra Energy — utilities HQ (14.3 miles)
- Qualcomm — technology HQ (17.1 miles)
- Celgene Corporation — biotechnology (17.7 miles)
This 35-unit El Cajon property offers compelling fundamentals anchored by exceptional neighborhood occupancy rates of 99.1%, ranking in the top quartile nationally. The 1976 construction year presents value-add renovation opportunities while avoiding extensive capital expenditure needs of significantly older properties. Demographic growth projections show a 25.4% increase in households through 2028, expanding the tenant base and supporting sustained rental demand.
Commercial real estate analysis from WDSuite reveals strong rent collection potential with neighborhood median household income of $119,792, though investors should monitor affordability ratios for lease renewal considerations. The inner suburban location benefits from established infrastructure and amenity access while maintaining competitive rental pricing power demonstrated by the 93rd percentile national ranking for contract rents.
- Exceptional 99.1% neighborhood occupancy rate ranks top quartile nationally
- 25% projected household growth through 2028 expands renter pool
- 1976 vintage offers value-add renovation upside without major structural concerns
- Strong rent collection supported by $119,792 median household income
- Risk consideration: Property crime rates rank below metro median requiring security management attention