| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 29th | Poor |
| Amenities | 50th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 325 Parkett Ln, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2004-07-23 |
| Transaction Price | $289,000 |
| Buyer | WADIA MANECK S |
| Seller | J D S INVESTMENTS |
325 Parkett Ln El Cajon Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by a deep local tenant base, according to WDSuite’s CRE market data. This El Cajon location benefits from everyday amenities that help drive retention and leasing stability.
The property sits in an Urban Core pocket of El Cajon with neighborhood occupancy that is competitive among San Diego-Chula Vista-Carlsbad neighborhoods and in the top quartile nationally, based on CRE market data from WDSuite. Within a 3-mile radius, a majority of housing units are renter-occupied, indicating a sizable tenant pool for multifamily owners and support for steady leasing.
Day-to-day convenience is a notable strength: grocery access and park availability rank near the top among metro peers, and restaurants are dense by national standards. By contrast, cafe and pharmacy counts are limited in the immediate neighborhood, suggesting residents rely on nearby corridors for certain errands.
Ownership costs are elevated relative to incomes in the neighborhood context, a high-cost ownership market that tends to reinforce reliance on multifamily housing and can support pricing power for well-positioned units. At the same time, higher rent-to-income ratios point to affordability pressure, so proactive lease management and renewal strategies remain important for retention.
Demographic trends aggregated within a 3-mile radius point to a stable foundation for demand: population growth has been modest, but household counts have increased and are projected to rise further over the next five years, expanding the renter pool and supporting occupancy stability and leasing velocity.
Safety indicators for the immediate neighborhood trail the metro average, with rankings in the lower tier among 621 San Diego-area neighborhoods and below-average standing nationally. Investors should underwrite with conservative assumptions and apply urban-appropriate operations such as lighting, access control, and resident engagement.
Recent trend data shows a year-over-year decline in violent-offense rates, indicating some improvement even as overall safety remains a watch item. A comparative approach is prudent: manage to urban conditions while monitoring momentum in the data.
Proximity to defense and aerospace, food distribution, utilities, semiconductors, and biopharma employers supports a broad renter base and commute convenience. The list below reflects nearby L-3 Telemetry & RF Products, Sysco, Sempra Energy, Qualcomm, and Celgene.
- L-3 Telemetry & RF Products — defense & aerospace (10.6 miles)
- Sysco — food distribution (11.1 miles)
- Sempra Energy — utilities (13.2 miles) — HQ
- Qualcomm — semiconductors & wireless (15.6 miles) — HQ
- Celgene Corporation — biopharma (16.1 miles)
This 22-unit asset in El Cajon benefits from durable renter demand supported by competitive neighborhood occupancy and a deep renter base within a 3-mile radius. According to CRE market data from WDSuite, the neighborhood’s occupancy performance compares favorably within the metro and sits in the top quartile nationally, while nearby grocery, parks, and restaurant density bolster day-to-day livability and resident retention.
For investors, a high-cost ownership landscape in the surrounding area tends to sustain reliance on rental housing and supports pricing power where operations are well executed. Balanced against this, elevated rent-to-income levels and below-average safety metrics call for disciplined leasing, renewal, and property management strategies.
- Competitive neighborhood occupancy supports leasing stability
- Majority renter-occupied housing within 3 miles deepens the tenant base
- High-cost ownership market reinforces multifamily demand and pricing power
- Strong access to groceries, parks, and dining aids retention
- Risks: affordability pressure and below-metro safety metrics require active management