| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 26th | Poor |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 370 W Chase Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | $1,200,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
370 W Chase Ave El Cajon Multifamily Investment
Neighborhood occupancy is exceptionally tight with strong renter concentration, supporting demand durability; according to WDSuite’s CRE market data, elevated ownership costs in the area reinforce reliance on rentals while a 1985 vintage suggests practical value-add through modernization.
The property sits in El Cajon within the San Diego-Chula Vista-Carlsbad metro’s Urban Core, where neighborhood-level occupancy is at the top of the local distribution and nationally strong. High renter concentration (share of housing units that are renter-occupied) indicates a deep tenant base that can support leasing stability for a 30-unit asset.
Amenity access is competitive among San Diego-Chula Vista-Carlsbad neighborhoods, driven by abundant grocery options and solid pharmacy and childcare coverage. Restaurant density is supportive, though parks and cafes are limited nearby—an operating consideration for positioning and resident experience.
Home values in the neighborhood sit in a high-cost ownership market relative to national benchmarks, which tends to sustain demand for multifamily rentals and can provide pricing power. At the same time, rent-to-income ratios point to affordability pressure for some renter households, suggesting a focus on retention and lease management discipline.
Within a 3-mile radius, demographics show modest population growth over the past five years alongside an increase in households and a slight reduction in average household size—signals that generally expand the renter pool. Forward-looking data indicate households are projected to continue rising even if population levels edge down, which can support occupancy stability and day-to-day leasing, based on CRE market data from WDSuite.
Safety metrics for the neighborhood track below national norms, reflecting relatively higher rates of both property and violent offenses compared with neighborhoods nationwide. Recent year-over-year trends, however, show declines in estimated rates for both categories, which is a constructive signal but not a guarantee of continued improvement.
For investors, this context argues for standard property-level security measures, attentive lighting and access control, and resident engagement to support retention. Compare submarket options and underwriting assumptions accordingly, using local trend data rather than block-level conclusions.
The employment base within commuting distance spans defense, utilities, food distribution, semiconductors, and biotech—sectors that contribute to steady renter demand and support retention for workforce-oriented units.
- L-3 Telemetry & RF Products — defense & aerospace (10.3 miles)
- Sysco — food distribution (11.9 miles)
- Sempra Energy — utilities (12.3 miles) — HQ
- Qualcomm — semiconductors (15.6 miles) — HQ
- Celgene Corporation — biotech/pharma (16.1 miles)
This 1985 vintage asset benefits from a neighborhood with extremely tight occupancy and a high share of renter-occupied units, supporting day-to-day leasing stability. The construction year positions the property as competitive versus older local stock while leaving room for targeted modernization to drive rent and retention gains.
Area home values are elevated relative to national benchmarks, reinforcing sustained reliance on rentals, while 3-mile demographics point to rising household counts and smaller household sizes—factors that typically expand the tenant base. According to CRE market data from WDSuite, neighborhood-level operating benchmarks and amenity access are supportive, though affordability pressure and safety considerations warrant prudent underwriting and resident-focused asset management.
- Tight neighborhood occupancy and strong renter concentration support leasing stability
- 1985 vintage offers value-add through modernization of interiors and systems
- Elevated ownership costs bolster rental demand and pricing power potential
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: affordability pressure and below-national safety metrics require disciplined leasing and security planning