| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 16th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 430 Jamacha Rd, El Cajon, CA, 92019, US |
| Region / Metro | El Cajon |
| Year of Construction | 1984 |
| Units | 60 |
| Transaction Date | 2014-01-24 |
| Transaction Price | $8,900,000 |
| Buyer | A WOODS LLC |
| Seller | MEAGHER DONALD T |
430 Jamacha Rd, El Cajon CA — Renter-Driven Multifamily Opportunity
Renter concentration is elevated in the immediate neighborhood and occupancy trends have been resilient, according to WDSuite s CRE market data, supporting a steady tenant base for a 60-unit asset. Location fundamentals and nearby daily-needs retail suggest durable leasing even through cycles.
This Urban Core neighborhood in the San Diego–Chula Vista–Carlsbad metro shows solid renter demand fundamentals: the share of housing units that are renter-occupied is high, indicating a deep tenant pool and potential support for occupancy stability. Neighborhood occupancy has tracked in the mid-90% range in recent years, a constructive signal for lease retention and renewal strategies.
Amenity access is a relative strength. Grocery and restaurant density ranks competitive among 621 metro neighborhoods, with both categories well above the metro median, which supports daily convenience and stickiness for residents. Parks are also plentiful by metro standards. At the same time, cafes and pharmacies are limited immediately nearby, so residents may rely more on grocery-anchored centers and quick-service options for daily needs.
Within a 3-mile radius, demographics point to a growing renter base: population and household counts have increased and are projected to continue rising, with household growth outpacing population growth—an investor-relevant sign of more households entering the market and supporting multifamily demand. Median incomes have stepped up meaningfully in recent years, which can help absorb rent growth; however, rent-to-income dynamics should be monitored for affordability pressure and lease management considerations. These observations reflect commercial real estate analysis grounded in WDSuite s datasets.
Ownership costs are elevated for the market, and neighborhood home values sit on the higher side relative to incomes in national comparisons. In practice, a high-cost ownership market often sustains reliance on rental housing, supporting pricing power for well-managed properties while requiring careful attention to value positioning and retention. School ratings trail metro and national averages, which can influence unit mix appeal but also reinforces workforce-housing positioning.
Safety indicators are mixed and should be underwritten with care. The neighborhood s crime rank is 432 among 621 metro neighborhoods, placing it below the metro average for safety. Nationally, the area falls around the lower quartile, indicating comparatively higher reported incidents than many U.S. neighborhoods.
Investors may want to incorporate prudent security measures and assess property-level controls, as well as monitor recent trend lines for both violent and property offenses, which can vary block-to-block. Framing safety at the neighborhood level helps set expectations for marketing, tenant screening, and operating plans without over-relying on block-specific interpretations.
Proximity to diversified employers supports renter demand and commute convenience, with concentration in aerospace/defense, food distribution, energy, and technology. The following nearby anchors can help underpin leasing and retention:
- L-3 Telemetry & RF Products — defense & aerospace (11.98 miles)
- Sysco — food distribution (12.24 miles)
- Sempra Energy — energy (14.31 miles) — HQ
- Qualcomm — technology (16.96 miles) — HQ
- Celgene Corporation — biotechnology (17.52 miles)
The investment case centers on durable renter demand, daily-needs accessibility, and a large nearby employment base. The neighborhood shows a high share of renter-occupied units and occupancy that has remained in the mid-90% range, supporting income stability. Grocery and restaurant density ranks well within the metro, while limited cafes/pharmacies suggest residents rely on core retail corridors. Within a 3-mile radius, population growth and a faster increase in households point to a larger tenant base, which supports future absorption.
Based on CRE market data from WDSuite, ownership remains relatively high-cost versus incomes in national comparisons, which tends to sustain reliance on multifamily housing and can reinforce pricing power for well-positioned units. That said, affordability pressure and below-metro-average safety require active asset management, thoughtful unit finishes, and targeted marketing to maintain lease velocity and retention.
- Renter concentration and steady neighborhood occupancy support income durability
- Strong daily-needs access (groceries/restaurants) enhances resident convenience and retention
- 3-mile population and household growth expand the tenant base and support absorption
- High-cost ownership context can underpin sustained demand for rentals and pricing power
- Risks: affordability pressure and below-metro-average safety call for proactive operations and underwriting