| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 30th | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 432 Dominguez Way, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 1979 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
432 Dominguez Way El Cajon Multifamily Investment
Strong neighborhood occupancy at 97.3% with high rental tenure supporting demand stability, according to CRE market data from WDSuite.
This 22-unit property built in 1979 sits within an urban core neighborhood characterized by strong rental dynamics. The area maintains 84.3% of housing units as renter-occupied, ranking in the top quartile nationally and indicating sustained multifamily demand. Neighborhood-level occupancy reaches 97.3%, well above typical metro standards and reflecting tenant retention strength.
Demographics within a 3-mile radius show a stable population of approximately 144,000 residents with median household income of $79,963. Projected household growth of 25% through 2028 supports expanding renter pool expansion, while forecast rent increases of 39% suggest pricing power potential. The area's high rental tenure share reinforces renter reliance on multifamily housing.
Local amenities support tenant appeal with grocery store density ranking in the top percentile nationally at 12.6 stores per square mile. Restaurant and cafe access also ranks competitively, providing lifestyle conveniences that can enhance retention. The neighborhood's amenity infrastructure ranks in the 81st percentile nationally, supporting tenant satisfaction and lease renewal potential.
Construction vintage of 1979 aligns with the neighborhood average, presenting potential value-add opportunities through strategic capital improvements. Given the property's age, investors should plan for periodic maintenance and consider renovation upside to capture projected rent growth in this high-occupancy market.
Safety metrics show mixed trends that warrant investor consideration. Property crime rates rank lower among the 621 metro neighborhoods, placing in the bottom quartile regionally. Recent crime data indicates property offense rates have increased 20.5% year-over-year, though this trend aligns with broader regional patterns rather than isolated neighborhood issues.
Violent crime rates similarly rank in the lower tier among metro neighborhoods, with recent increases of 44.1% reflecting broader urban challenges. Investors should factor security considerations into operational planning, including potential tenant retention impacts and property management protocols. Monitoring crime trends relative to metro averages will be important for long-term investment performance.
The property benefits from proximity to major San Diego County employers supporting workforce housing demand, with several corporate offices and headquarters within commuting distance.
- L-3 Telemetry & RF Products — defense technology (10.9 miles)
- Sysco — food service distribution (11.2 miles)
- Sempra Energy — utilities HQ (13.6 miles)
- Qualcomm — technology HQ (15.8 miles)
- Celgene Corporation — biotechnology (16.4 miles)
This El Cajon multifamily property offers exposure to a high-occupancy rental market with strong fundamental support. Neighborhood occupancy of 97.3% significantly exceeds typical metro performance, while 84.3% rental tenure ranking in the top quartile nationally demonstrates sustained multifamily demand. Population growth projections and forecast rent increases of 39% through 2028 support long-term cash flow potential.
The 1979 construction vintage presents value-add opportunities through strategic capital improvements to capture projected rent growth. Strong grocery and restaurant amenity density supports tenant retention, while proximity to major employers including Qualcomm and Sempra Energy provides workforce housing appeal. Commercial real estate analysis from WDSuite indicates favorable occupancy trends that support investment fundamentals.
- High neighborhood occupancy at 97.3% indicates strong rental demand stability
- Top quartile rental tenure nationally with 84.3% renter-occupied units
- Projected 25% household growth and 39% rent increases through 2028
- Value-add potential through renovations to 1979 vintage property
- Risk consideration: Lower safety rankings require operational planning and monitoring