| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 21st | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 563 Broadway, El Cajon, CA, 92021, US |
| Region / Metro | El Cajon |
| Year of Construction | 2000 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
563 Broadway El Cajon Multifamily Investment Opportunity
2000-vintage, 71-unit asset positioned in a renter-heavy El Cajon neighborhood where sustained tenant demand and elevated ownership costs support leasing durability, according to WDSuite s CRE market data.
The surrounding El Cajon neighborhood trends Urban Core with a C+ rating among 621 metro neighborhoods, indicating competitive but not top-tier fundamentals within San Diego-Chula Vista-Carlsbad. Neighborhood occupancy sits near the national mid-point, while renter concentration is high (share of housing units that are renter-occupied), signaling a deeper tenant base and generally reliable demand for a 71-unit multifamily asset.
Daily-needs access is a relative strength: grocery and pharmacy density ranks among the highest nationally, and restaurant options are plentiful. By contrast, cafe presence and park access are limited locally. For investors, the amenity mix favors convenience-driven renters and workforce households, though the scarcity of green space and third places may modestly temper lifestyle appeal.
Elevated home values and a high value-to-income ratio characterize a high-cost ownership market in this neighborhood. That context tends to reinforce reliance on multifamily rentals and can support pricing power, but a rent-to-income ratio near one-third suggests affordability pressure that warrants attentive lease management and renewal strategies.
Within a 3-mile radius, recent population growth has been modest with a larger increase in households, and WDSuite s CRE market data indicates the outlook calls for additional household gains over the next five years. This points to a gradually expanding renter pool and supports occupancy stability for well-positioned properties.
The property s 2000 construction year is newer than the neighborhood s average vintage (early 1980s), offering relative competitiveness versus older stock. Investors should still plan for modernization of systems typical of early-2000s assets to sustain positioning against newer deliveries.
Safety metrics for the neighborhood track below both metro and national benchmarks. The neighborhood ranks 558 out of 621 metro neighborhoods for crime, placing it well below the metro median, and national comparisons indicate weaker safety performance relative to many neighborhoods nationwide. Recent year-over-year estimates also point to increases in both property and violent offenses, underscoring the importance of proactive onsite management, lighting, and access controls.
Investors should evaluate recent trends and sub-area variations rather than block-level conclusions, and underwrite additional operating focus on security and community engagement to support tenant retention.
Employment access is diversified within commuting range, supporting workforce renter demand and retention. Nearby corporate nodes include defense & aerospace, food distribution, energy, wireless technology, and biotech offices cited below.
- L-3 Telemetry & RF Products defense & aerospace (10.5 miles)
- Sysco food distribution (10.6 miles)
- Sempra Energy energy (13.5 miles) HQ
- Qualcomm wireless technology (15.3 miles) HQ
- Celgene Corporation biotechnology (15.9 miles)
563 Broadway offers a 2000-vintage, 71-unit footprint positioned in a renter-heavy pocket of El Cajon where elevated ownership costs sustain reliance on multifamily housing. Neighborhood occupancy trends sit near the national mid-point, while the renter-occupied share is high, supporting depth of tenant demand; according to CRE market data from WDSuite, this combination typically underpins leasing stability for well-managed assets. The property s newer-than-average vintage versus the neighborhood s early-1980s stock provides a competitive edge, with scope for targeted system upgrades to preserve positioning.
Demand fundamentals are further supported by strong access to daily-needs amenities and a 3-mile trade area showing recent household growth with additional gains forecast, pointing to a gradually expanding renter base. Affordability pressure (rent-to-income near one-third) and below-median safety indicators are underwriting considerations, suggesting prudent focus on renewal strategies, security, and expense control.
- Renter-heavy neighborhood and near mid-point occupancy support tenant demand and leasing durability
- 2000 vintage newer than area average, with value-add via selective modernization
- Strong daily-needs access (grocery/pharmacy) aligns with workforce renter preferences
- 3-mile area shows growing households, indicating a gradually expanding renter pool
- Risks: affordability pressure and below-median safety require thoughtful lease and asset management