| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 59th | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2525 Lund St, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | $260,000 |
| Buyer | GIORDANO SERGIO F |
| Seller | FLETCHER MEADOWS 40 LTD |
2525 Lund St, El Cajon Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by a high-cost ownership market, according to WDSuite s CRE market data, positioning this asset for steady leasing in a supply-constrained San Diego metro suburb.
Located in an inner-suburban pocket of the San Diego-Chula Vista-Carlsbad metro, the neighborhood holds an A- rating and ranks 154 out of 621 metro neighborhoods, placing it in the top quartile among metro peers. WDSuite s CRE market data indicates the neighborhood s occupancy is 97.9%, a level that generally supports rent stability through cycles when combined with steady household fundamentals.
Daily-life amenities are a relative strength: grocery and pharmacy access rank 100 and 54 out of 621, respectively, and are in the mid-90s national percentiles. Restaurant density is also competitive locally (rank 99 of 621; 94th percentile nationally). By contrast, cafes and parks are sparse, which may modestly temper lifestyle appeal; investors can offset this with on-site common areas or resident programming.
Schools average 4.0 out of 5 (rank 72 of 621; 84th percentile nationally), a positive signal for family-oriented renter segments. The neighborhood s renter-occupied share is 37.1% of housing units, suggesting a meaningful but not saturated renter base that can support multifamily absorption without overreliance on concessions.
Within a 3-mile radius, demographics show population and households have grown in recent years, with WDSuite indicating additional household expansion ahead alongside slightly smaller average household sizes. This points to a larger tenant base over time and potential demand for well-managed, mid-size floor plans. Elevated home values (92nd percentile nationally) and a high value-to-income ratio (95th percentile) indicate a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing and support lease retention. At the same time, a relatively modest rent-to-income ratio (low national percentile) suggests affordability pressure is manageable compared with other high-cost coastal metros.
Vintage and unit mix implications: Built in 1985, the property is slightly newer than the area s average construction year (1981). That positioning can be competitive versus older stock, while still offering value-add potential through targeted modernization of interiors and building systems.
Safety indicators are mixed and should be underwritten with care. The neighborhood s overall crime rank is 343 out of 621 metro neighborhoods, which is below the metro median. Nationally, violent and property offense rates sit in low percentiles, signaling higher incident levels than many U.S. neighborhoods. However, property offenses show a notable year-over-year decline (improvement in the 72nd percentile nationally), indicating recent momentum in the right direction. Investors should incorporate prudent security measures and monitor trends alongside local comparables rather than relying on block-level assumptions.
The area draws from a broad employment base across defense & aerospace, food distribution, utilities, semiconductors, and biotech, supporting workforce housing demand and commute convenience for renters.
- L-3 Telemetry & RF Products defense & aerospace (7.9 miles)
- Sysco food distribution (8.1 miles)
- Sempra Energy utilities (12.2 miles) HQ
- Qualcomm semiconductors & wireless (12.4 miles) HQ
- Celgene Corporation biotech (13.0 miles)
2525 Lund St offers a 40-unit, mid-1980s asset in a high-demand inner suburb where neighborhood occupancy is 97.9% and schools and everyday amenities compare favorably within the San Diego metro. Elevated ownership costs and strong grocery/pharmacy access support durable renter demand and retention, while the property s 1985 vintage presents room for targeted value-add without competing directly against new deliveries. According to CRE market data from WDSuite, the neighborhood s performance sits among the stronger quartile locally, with improving signals in property offense trends and a renter base sufficient to backfill turnover.
Within a 3-mile radius, population and households have been growing and are projected to expand further, with slightly smaller household sizes over time factors that typically broaden the renter pool and support occupancy stability. A relatively modest rent-to-income ratio versus national peers helps manage retention risk in a high-cost ownership market, giving operators room to prioritize lease management over frequent concession use. Key underwriting considerations include local safety metrics that trail national averages and limited nearby parks/cafes, which can be addressed through on-site enhancements.
- High neighborhood occupancy and strong everyday amenities support leasing stability
- 1985 vintage with value-add and modernization potential versus older local stock
- 3-mile growth in households points to a larger tenant base and steady absorption
- Elevated home values reinforce renter reliance on multifamily, aiding retention
- Risks: safety metrics below national percentiles; limited parks/cafes plan for security and on-site lifestyle upgrades