| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 42nd | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 411 W Chase Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1990 |
| Units | 27 |
| Transaction Date | 1995-12-27 |
| Transaction Price | $521,000 |
| Buyer | KEVANE ROBERT F |
| Seller | DINGWALL RUTH P |
411 W Chase Ave, El Cajon Multifamily Investment
Stabilized renter demand and a high-cost ownership backdrop position this 27-unit 1990 vintage asset for durable leasing, according to WDSuite s CRE market data. Neighborhood occupancy trends sit near the national mid-range, with pricing supported by strong area incomes.
Located in suburban El Cajon within the San Diego metro, the property benefits from a large 3-mile renter base and commuting connectivity across East County. Neighborhood occupancy is around the national mid-range and below the metro median (590th of 621), indicating competitive leasing conditions that reward quality operations and unit-level differentiation, based on CRE market data from WDSuite.
Livability signals are mixed. Grocery access is competitive nationally (66th percentile), while cafes, restaurants, parks, and pharmacies are relatively sparse, suggesting residents rely on nearby corridors rather than immediate block-level offerings. School ratings data are limited in this neighborhood; investors should underwrite to resident convenience and commute times rather than heavy school-driven premiums.
Tenure patterns within a 3-mile radius show a slightly renter-leaning mix (a little over half of housing units are renter-occupied), indicating a deep tenant pool and steady multifamily demand. Median home values in the neighborhood sit in the higher range nationally (95th percentile), pointing to a high-cost ownership market that tends to reinforce reliance on rental housing and support lease retention.
Rents are elevated versus many U.S. neighborhoods (88th percentile) but are balanced by above-average household incomes (85th percentile) and a moderate rent-to-income profile. Taken together, these metrics suggest pricing power is possible for well-maintained, well-managed assets, with focus on unit quality and operational efficiency rather than amenity premiums inside the immediate micro-pocket.
Safety metrics in this neighborhood trend below metro and national benchmarks (crime rank 380 among 621 metro neighborhoods; national safety percentiles sit on the lower end). That said, recent data indicate property offenses have improved year over year, which investors can incorporate as a constructive but still cautious input to underwriting, according to WDSuite.
Practical takeaways: emphasize lighting, access control, and visible property management to support resident confidence and retention. Compare historical trends to submarket peers rather than block-level views, and avoid over-weighting single-year volatility.
The employment base nearby blends defense/aerospace, food distribution, energy utilities, wireless technology, and biotech a mix that supports commuter demand and leasing stability for workforce and professional renters.
- L-3 Telemetry & RF Products defense & aerospace offices (10.2 miles)
- Sysco food distribution (11.9 miles)
- Sempra Energy utilities (12.2 miles) HQ
- Qualcomm wireless & semiconductors (15.6 miles) HQ
- Celgene Corporation biotechnology (16.0 miles)
411 W Chase Ave offers investors a 1990-built, small-scale multifamily asset in a suburban San Diego setting where renter demand is underpinned by a high-cost ownership market and a renter-leaning 3-mile radius. The property s vintage is newer than the area s average stock, which can help competitiveness versus older assets; investors should still plan for targeted system upgrades and modernization to sustain leasing momentum. According to CRE market data from WDSuite, neighborhood occupancy is near the national mid-range, with rents elevated but supported by strong household incomes and a moderate rent-to-income profile actors that favor disciplined operations and product quality.
Demographic trends within a 3-mile radius show recent growth in households and families alongside steady population, indicating a larger tenant base and potential renter pool expansion. Forward-looking projections point to more households even as average household size trends lower, which typically supports multifamily absorption and occupancy stability. Counterbalances include thinner immediate amenities and safety metrics that trail metro averages, suggesting a premium on property management, curb appeal, and resident services.
- Newer 1990 vintage relative to local stock supports competitive positioning; plan selective capex for systems and interiors.
- High-cost ownership market (top-tier home values) reinforces reliance on rentals and supports retention.
- Renter-leaning 3-mile area and rising household counts expand the tenant base and leasing depth.
- Elevated rents balanced by strong incomes and moderate rent-to-income can sustain pricing with quality operations.
- Risks: thinner nearby amenities and below-metro safety benchmarks require proactive management and asset presentation.