| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 34th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1515 E Washington Ave, El Cajon, CA, 92019, US |
| Region / Metro | El Cajon |
| Year of Construction | 2000 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1515 E Washington Ave El Cajon Multifamily Investment
Neighborhood occupancy trends are strong and support stable leasing, while elevated ownership costs in East County San Diego tend to sustain renter demand, according to WDSuite s CRE market data.
Positioned in El Cajon s Urban Core, the property benefits from a renter-driven submarket and daily-needs convenience. Neighborhood occupancy is high (competitive among 621 San Diego Chula Vista Carlsbad neighborhoods and top quartile nationally), which supports income stability and reduces downtime risk for a 58-unit asset.
Amenity access outperforms national norms, with grocery and dining density testing in high national percentiles. This mix supports resident retention and leasing velocity for workforce and service-sector tenants. Average school ratings are below national benchmarks, which may matter for certain household segments, but proximity to everyday retail remains a clear draw for renters.
Within a 3-mile radius, demographics indicate modest population growth alongside a larger base of households over the next five years, pointing to a gradually expanding tenant pool. Renter-occupied share in the broader 3-mile area is just over half, signaling depth for multifamily demand and supporting occupancy resilience as new households form in the area.
The neighborhood s median rents have risen over the past five years while remaining supported by a high-cost ownership market. Elevated home values relative to incomes tend to keep more households renting, which can aid lease-up and pricing power when managed with attention to affordability and renewals. The asset s 2000 construction vintage is newer than the neighborhood s 1980s average, offering a competitive edge versus older stock while still allowing targeted upgrades to drive rent premiums and operating efficiency.
Safety indicators for the neighborhood are below national benchmarks (lower national percentiles indicate higher reported crime relative to U.S. neighborhoods). Property offenses sit in a lower national percentile, and violent offense measures also trend below national norms.
Recent year-over-year readings indicate an uptick in violent incidents, while property offenses show a relatively flat to slightly improving trajectory. Investors should underwrite appropriate security measures and operational oversight and consider how safety perceptions may influence marketing, tenant screening, and retention relative to other San Diego Chula Vista Carlsbad neighborhoods.
Major employers within a commutable radius include L-3 Telemetry & RF Products, Sysco, Sempra Energy, Qualcomm, and Celgene. This mix of defense, distribution, energy, and technology supports a diversified renter base and helps underpin leasing stability.
- L-3 Telemetry & RF Products defense & aerospace (12.45 miles)
- Sysco food distribution (12.71 miles)
- Sempra Energy energy utilities (14.62 miles) HQ
- Qualcomm wireless & semiconductors (17.47 miles) HQ
- Celgene Corporation biopharma offices (18.02 miles)
1515 E Washington Ave offers exposure to a San Diego County submarket with high neighborhood occupancy and a durable renter base. Based on CRE market data from WDSuite, neighborhood occupancy performs in the top national quartile, and ownership costs remain elevated relative to incomes factors that typically support renter reliance on multifamily housing and steady renewals when affordability is managed. The 2000 construction year is newer than the neighborhood s average vintage, suggesting competitive positioning versus older comparables and potential to capture renovation-driven upside.
Within a 3-mile radius, modest population growth and a projected increase in households indicate a gradually expanding tenant base, which can support occupancy stability over the hold period. Amenity access compares favorably at the neighborhood level, aiding leasing velocity, while investors should incorporate prudent assumptions around safety perceptions and school ratings when benchmarking against other San Diego Chula Vista Carlsbad submarkets.
- High neighborhood occupancy supports income stability and reduces downtime risk.
- Elevated ownership costs reinforce rental demand and lease retention potential.
- 2000 vintage provides competitive standing with targeted value-add opportunity.
- 3-mile trends point to a larger renter pool over time, aiding leasing.
- Risk: below-average safety and school ratings warrant conservative underwriting and active management.