| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 29th | Poor |
| Amenities | 50th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 180 Ballantyne St, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1981 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
180 Ballantyne St El Cajon Multifamily Investment
Neighborhood occupancy is 97.5%, supporting durable renter demand and lease stability in El Cajon, according to WDSuite’s CRE market data. With urban-core fundamentals and a deep renter base, the asset’s performance should track the submarket’s steady demand profile.
Located in the San Diego–Chula Vista–Carlsbad metro’s Urban Core, the neighborhood around 180 Ballantyne St carries a C rating and ranks 441 out of 621 metro neighborhoods—below the metro median. Even so, neighborhood occupancy at 97.5% sits in the top quartile nationally, a favorable indicator for multifamily stability, based on CRE market data from WDSuite.
Amenity access is mixed. Grocery stores and parks test at the 100th percentile nationally, while restaurants are competitive at the 99th percentile; cafes and pharmacies are sparse. For residents, this translates into daily-needs convenience and recreational access, with fewer boutique conveniences nearby. These dynamics can support retention even as lifestyle offerings remain pragmatic rather than destination-driven.
Renter-occupied share in the neighborhood is 88.7% (100th percentile nationally), signaling a deep tenant base for multifamily owners. Median contract rents benchmark above national norms (76th percentile), and median home values are elevated (85th percentile), which in high-cost ownership markets tends to reinforce reliance on rental housing and can support pricing power. Rent-to-income near one-third suggests some affordability pressure; owners should emphasize renewal management and value proposition.
Within a 3-mile radius, demographics point to modest population growth to 2028, a larger household base, and rising household incomes, supporting ongoing multifamily demand and occupancy stability. The property’s 1981 vintage is newer than the neighborhood’s average construction year of 1973, offering relative competitiveness versus older stock, while investors should still plan for system updates or modernization to meet current renter expectations.
Safety metrics for the neighborhood rank 508 out of 621 metro neighborhoods, indicating weaker conditions relative to the metro and below national benchmarks. Nationally, indicators place the area in lower percentiles for safety; however, recent data show a year-over-year decline in violent offense rates, suggesting incremental improvement. Owners can mitigate risk with security features, lighting, and professional management while underwriting to conservative assumptions.
Proximity to regional employers supports a broad renter pool and commute convenience, with representation from defense electronics, foodservice distribution, utilities, wireless technology, and biopharma.
- L-3 Telemetry & RF Products — defense electronics (10.5 miles)
- Sysco — foodservice distribution (11.2 miles)
- Sempra Energy — utilities (13.1 miles) — HQ
- Qualcomm — wireless technology (15.5 miles) — HQ
- Celgene Corporation — biopharma (16.0 miles)
This 89-unit asset benefits from neighborhood occupancy of 97.5% and an extremely high renter-occupied share, indicating a deep tenant base and support for leasing stability. Elevated ownership costs in the area sustain reliance on multifamily housing, while median rents benchmark above national norms. According to CRE market data from WDSuite, these conditions position the property to compete on demand drivers with disciplined operations and resident retention focus.
Within a 3-mile radius, modest population growth, a growing household base, and rising incomes point to a larger tenant pool over the next several years. Built in 1981, the property is newer than the neighborhood average vintage (1973), offering relative competitiveness versus older stock while warranting targeted modernization for long-term positioning.
- High neighborhood occupancy and deep renter base support leasing stability
- Elevated ownership costs reinforce rental demand and pricing power
- 1981 vintage enables value-add through selective system and unit upgrades
- 3-mile demographics indicate expanding tenant pool and rising incomes
- Risks: weaker safety metrics and rent-to-income pressure require prudent underwriting and retention strategy