| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 19th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 573 Emerald Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1972 |
| Units | 21 |
| Transaction Date | 2008-02-25 |
| Transaction Price | $1,120,500 |
| Buyer | JUNGMAN ROBERT D |
| Seller | JUNGMAN FAMILY LP |
573 Emerald Ave, El Cajon CA Multifamily Investment
Neighborhood occupancy has been resilient and renter demand is supported by a high share of renter-occupied housing, according to WDSuite’s CRE market data. For investors, the submarket’s depth of tenants points to stable leasing with manageable turnover risk.
Positioned in El Cajon’s Urban Core within the San Diego metro, the property benefits from a convenience-driven setting with strong daily-needs access. Amenity density tests in the top quartile nationally, and neighborhood food/retail options are particularly competitive among 621 San Diego neighborhoods, based on commercial real estate analysis from WDSuite.
Dining, groceries, and services are a relative strength: restaurants and cafes rank in the top decile nationally by density, while grocery and pharmacy access also sit well above national averages. Park access is limited, which may slightly constrain open-space appeal, but day-to-day retail and service coverage supports resident retention.
Vintage and asset positioning: built in 1972, the asset is slightly older than the neighborhood’s average vintage (mid‑1970s). Investors should expect ongoing capital planning and selective renovations to remain competitive, which can create value-add upside relative to older local stock.
Tenure and demand drivers: the neighborhood shows an elevated share of housing units that are renter-occupied, indicating a larger tenant base and deeper demand for multifamily product. Within a 3‑mile radius, demographics point to steady renter pool expansion: households have grown in recent years with additional growth projected, and contract rents are projected to rise alongside income gains. In a high‑cost ownership context (home values above many national peers), multifamily remains a more accessible option, supporting pricing power and lease‑up efficiency. At the same time, a higher rent‑to‑income ratio in the neighborhood suggests affordability pressure that warrants active lease management.
Safety metrics are mixed in this neighborhood relative to the San Diego metro and the nation. The area ranks 414 out of 621 metro neighborhoods for overall crime, placing it below the metro median, and national percentiles indicate the neighborhood is less safe than many areas nationwide. Recent trends show property offense rates declining year over year, while violent offense rates have increased, underscoring the importance of prudent on‑site security practices and resident engagement.
Proximity to diversified employers helps support workforce housing demand and commute convenience for residents. Notable nearby employers include aerospace/defense, food distribution, energy, and technology firms.
- L-3 Telemetry & RF Products — defense & aerospace offices (9.97 miles)
- Sysco — food distribution (11.26 miles)
- Sempra Energy — energy utilities (12.35 miles) — HQ
- Qualcomm — technology & R&D (15.16 miles) — HQ
- Celgene Corporation — biopharma offices (15.65 miles)
573 Emerald Ave is a 21‑unit asset built in 1972, situated in a convenience-oriented El Cajon neighborhood with strong everyday amenities and a deep renter base. Neighborhood occupancy remains healthy and the renter-occupied share is high, supporting leasing stability. Within a 3‑mile radius, population and households show recent growth with further household expansion projected, indicating a larger tenant base and potential support for rent durability over the medium term. According to CRE market data from WDSuite, elevated ownership costs in the area reinforce reliance on multifamily, while a higher rent‑to‑income ratio points to the need for careful renewal strategies.
The 1972 vintage suggests value‑add potential through targeted interior and system upgrades to improve competitive positioning against newer stock. Amenity access and proximity to major employers add to retention prospects, though investors should underwrite for affordability sensitivity and monitor neighborhood safety trends.
- Deep renter base and steady neighborhood occupancy support leasing stability
- 1972 vintage offers value‑add potential via renovations and capital planning
- Strong daily‑needs access and employer proximity aid retention and marketing
- High‑cost ownership market bolsters multifamily demand relative to for‑sale options
- Risks: affordability pressure (higher rent‑to‑income) and safety metrics below national averages