| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 61st | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1509 Granite Hills Dr, El Cajon, CA, 92019, US |
| Region / Metro | El Cajon |
| Year of Construction | 2000 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1509 Granite Hills Dr El Cajon 38-Unit Multifamily
Neighborhood occupancy sits at the top of the San Diego metro, supporting leasing stability, while elevated ownership costs in the area reinforce reliance on rentals, according to WDSuite’s CRE market data.
This suburban pocket of El Cajon shows extremely tight housing conditions—neighborhood occupancy ranks first among 621 San Diego metro neighborhoods—pointing to steady leasing and low turnover risk for well-positioned assets. At the same time, the immediate neighborhood skews owner-occupied (renter-occupied share at 13.9%), so competitive positioning and marketing should capture demand from nearby renter pools.
Within a 3-mile radius, demographics indicate a broad and growing renter base: households have increased in recent years and are projected to continue rising, expanding the local tenant pool. Median contract rents in the 3-mile area have climbed over the past five years and are forecast to advance further, while incomes have also strengthened—factors that support rent collections and sustained occupancy.
Home values in the neighborhood are elevated (95th percentile nationally), which typically sustains rental demand by making ownership a higher-cost alternative. The rent-to-income profile reported for the neighborhood suggests relatively manageable rent levels against incomes, offering operators some pricing flexibility while still monitoring retention risk. Average school ratings are around the national middle but slightly above it (national percentile 61), which can support family-oriented renter demand.
Amenity density inside the immediate neighborhood is limited (few cafes, groceries, restaurants, and parks by metro standards), consistent with a lower-intensity suburban setting. For investors, that places a premium on on-site features and unit finishes to drive absorption and renewals. The property’s 2000 vintage is newer than the neighborhood average stock from the late 1970s, providing a relative competitive edge versus older buildings while still warranting planning for mid-life system updates and targeted value-add—an observation grounded in multifamily property research from WDSuite.
Compared with San Diego metro peers, the neighborhood’s crime rank (279 out of 621) indicates higher incident rates than many areas, and overall safety benchmarks below national averages (national percentiles in the lower ranges). Property offenses track weaker on a national basis, while violent offenses also benchmark below average.
Trendwise, violent offense rates have been moving in a favorable direction recently (improvement over the last year), which helps from a risk-management standpoint. Investors should underwrite with appropriate security measures and insurance assumptions, while recognizing that improving trends can support resident retention and leasing.
Regional employers across defense & aerospace, food distribution, utilities, wireless/semiconductors, and biotech are within a typical commute, supporting renter demand and lease retention from a diversified workforce.
- L-3 Telemetry & RF Products — defense & aerospace (12.4 miles)
- Sysco — food distribution (12.8 miles)
- Sempra Energy — utilities (14.5 miles) — HQ
- Qualcomm — wireless & semiconductors (17.5 miles) — HQ
- Celgene Corporation — biotech (18.0 miles)
1509 Granite Hills Dr combines metro-leading neighborhood occupancy with a newer 2000-vintage asset relative to nearby 1970s stock, positioning it for durable operations and targeted value-add. Elevated home values in the immediate neighborhood and strengthening incomes in the surrounding 3-mile radius underpin a broad tenant base and support rent collections, while still requiring disciplined lease management given an owner-leaning micro-location.
Based on commercial real estate analysis from WDSuite, rising household counts and projected growth in the 3-mile area point to continued renter pool expansion, and the neighborhood’s rent-to-income profile suggests room for measured pricing without overextending affordability. Underwriting should incorporate the area’s below-average national safety benchmarking and limited immediate amenity density, offset by commute access to diversified employment nodes.
- Metro-leading neighborhood occupancy supports leasing stability
- 2000 vintage offers competitive positioning versus older local stock with value-add potential
- High neighborhood home values reinforce multifamily demand relative to ownership
- 3-mile household and income growth expand the tenant base and support collections
- Risks: below-average national safety benchmarking and limited amenity density require prudent operations