| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 14th | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 S Mollison Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1987 |
| Units | 35 |
| Transaction Date | 2017-07-25 |
| Transaction Price | $5,750,000 |
| Buyer | FIVE STARS HOLDINGS LP |
| Seller | JUNGMAN KANGAS FAMILY TRUST |
150 S Mollison Ave El Cajon Multifamily Investment
Neighborhood fundamentals point to durable renter demand with occupancy in the mid‑90s and a deep renter-occupied housing base nearby, according to WDSuite’s CRE market data. This positioning supports cash flow stability while leaving room for targeted value-add at the asset level.
Situated in El Cajon within the San Diego metro, the neighborhood shows steady multifamily performance relative to national peers. Neighborhood occupancy is 95.1% (72nd percentile nationally), indicating generally tight conditions that can support leasing stability and renewal potential. Median contract rents in the area trend above many U.S. locations, and NOI per unit performance sits in a stronger national cohort, which together suggest pricing power when units are well maintained and positioned, based on CRE market data from WDSuite.
Amenity access is mixed. The neighborhood rates strongly for cafes and childcare density (both high national percentiles), while grocery stores, pharmacies, and parks are limited within the immediate footprint. Investors should underwrite convenience expectations accordingly, noting that everyday services may come from adjacent corridors rather than within the block group cluster.
Housing tenure skews heavily renter-occupied at the neighborhood level (around four in five housing units renter-occupied), signaling a deep tenant base for multifamily. This renter concentration tends to support absorption and retention for well-managed assets, particularly near employment nodes with practical commute times.
Demographics aggregated within a 3‑mile radius show modest population growth over the past five years and a larger increase in households, with forecasts pointing to further household gains by 2028. Rising median incomes in the surrounding area expand the potential renter pool, though rent-to-income ratios in the neighborhood indicate some affordability pressure—an underwriting factor for renewal strategies and concessions planning. Elevated home values in San Diego County also reinforce sustained reliance on rental housing, which can underpin occupancy stability for professionally operated communities.
Vintage context: the subject was built in 1987, slightly newer than the neighborhood average year built (1980). That positioning supports competitiveness versus older stock, while still presenting typical late‑1980s systems and finishes that can benefit from targeted renovations and capital planning to enhance yield.
Safety indicators for the neighborhood track below the national median, with property and violent incident measures in lower national percentiles compared with neighborhoods across the U.S. Within the San Diego‑Chula Vista‑Carlsbad metro, this area aligns with more challenged cohorts, so investors commonly incorporate practical measures such as lighting, access control, and resident screening to support community standards. Monitoring trend direction and submarket comparisons remains prudent during due diligence.
Proximity to diversified employers supports a broad renter base and commute convenience for workforce households. Nearby anchors include defense electronics, food distribution, energy, and technology headquarters that can help stabilize leasing.
- L-3 Telemetry & RF Products — defense & aerospace offices (10.86 miles)
- Sysco — food distribution (11.46 miles)
- Sempra Energy — energy & utilities (13.36 miles) — HQ
- Qualcomm — telecommunications & semiconductors (15.88 miles) — HQ
150 S Mollison Ave is a 35‑unit, 1987‑vintage community positioned in a renter-heavy neighborhood with occupancy around 95%. The submarket’s tight conditions and elevated ownership costs in San Diego County support depth of demand and renewal potential for well-managed assets. The vintage is slightly newer than local averages, creating an opportunity to sharpen competitiveness through focused interior and systems upgrades while maintaining day‑one leasing stability.
Within a 3‑mile radius, households have increased and are projected to grow further by 2028, expanding the tenant base and supporting absorption. At the same time, neighborhood rent-to-income levels suggest price sensitivity, making revenue management and value‑for‑money upgrades important. According to CRE market data from WDSuite, neighborhood occupancy sits in a stronger national cohort, reinforcing a thesis centered on steady operations plus targeted value‑add for yield.
- Renter-heavy neighborhood and mid‑90s occupancy support stable leasing
- 1987 vintage offers upgrade potential versus older local stock
- Household growth within 3 miles expands the tenant base through 2028
- Elevated ownership costs in the county reinforce reliance on rentals
- Risks: affordability pressure, mixed in-footprint amenities, and below-median safety