| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 19th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 690 S Lincoln Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1978 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
690 S Lincoln Ave, El Cajon Multifamily Investment
Renter demand is supported by an amenity-rich urban pocket and a high renter-occupied share in the surrounding neighborhood, according to WDSuite s CRE market data. This positioning can aid occupancy stability while offering scope for selective value optimization.
The property sits within an Urban Core neighborhood of the San Diego Chula Vista Carlsbad metro (neighborhood rating: B-), where everyday needs are close by. Restaurant and caf e9 density rank competitively among 621 metro neighborhoods (restaurant density rank 50; caf e9 density rank 57), and grocery and pharmacy access also score well (ranks 116 and 61 respectively). Nationally, these amenity counts track in the mid-90s percentiles, reinforcing convenience that helps support leasing and retention for workforce-oriented renters.
Neighborhood occupancy runs in the mid-90s and is above national norms (67th percentile), indicating generally steady tenant formation. Crucially for multifamily investors, renter-occupied housing concentration is high at the neighborhood level (rank 21 of 621, top tier locally), pointing to a deep tenant base and demand resiliency across cycles.
Within a 3-mile radius, households have expanded in recent years and are projected to increase further by 2028, suggesting a larger tenant base and continued absorption potential. Median contract rents within the same 3-mile radius have risen over the past five years, while home values in the immediate neighborhood trend on the higher side for incomes (national value-to-income percentile in the high 80s). In practice, this high-cost ownership backdrop tends to reinforce reliance on rental housing and can support pricing power when managed alongside affordability considerations.
Against metro peers, the neighborhood s overall standing is mid-pack (rank 322 of 621), but amenity access and a strong renter concentration offset weaker demographic quality scores. For investors, this mix points to solid baseline demand drivers with room to differentiate through operations and product quality.
Safety indicators are mixed and should be evaluated as part of underwriting. Relative to U.S. neighborhoods, the area scores in lower national percentiles for safety (violent and property offense measures near the bottom deciles), and its crime rank sits in the lower half of the San Diego Chula Vista Carlsbad metro (rank 414 among 621 neighborhoods). At the same time, recent data indicate a year-over-year improvement in estimated property offenses, which may signal stabilization rather than ongoing deterioration.
Investors typically account for these dynamics through security planning, lighting and access controls, and resident engagement. Comparative performance versus nearby neighborhoods and recent trend direction are often more decision-relevant than single-period figures.
Nearby job nodes span defense/aerospace, food distribution, energy utilities, and technology, supporting renter demand via diverse employment and manageable commutes. The list below highlights notable employers within a ~10 16 mile radius that commonly draw from area residents.
- L-3 Telemetry & RF Products defense & aerospace offices (10.8 miles)
- Sysco food distribution (11.7 miles)
- Sempra Energy energy utilities (13.1 miles) HQ
- Qualcomm wireless technology (15.9 miles) HQ
- Celgene Corporation biopharmaceutical offices (16.5 miles)
Positioned in an amenity-rich Urban Core setting with a strong renter-occupied share, the asset benefits from a deep local tenant base and metro-level demand that has supported occupancy near the mid-90s in the surrounding neighborhood. According to CRE market data from WDSuite, amenity density ranks competitively among 621 San Diego Chula Vista Carlsbad neighborhoods while occupancy trends exceed national averages, indicating a foundation for stable cash flow when paired with disciplined operations.
Within a 3-mile radius, household counts have grown and are projected to increase further, implying a larger renter pool over the next several years. Elevated ownership costs relative to incomes in the immediate neighborhood tend to sustain rental demand, though a relatively high rent-to-income ratio suggests active lease management and renewal strategies are important for retention.
- Amenity-dense location and high neighborhood renter concentration support demand depth
- Neighborhood occupancy above national averages underpins cash flow stability
- 3-mile radius shows household growth and projected increases, expanding the tenant base
- High-cost ownership environment reinforces reliance on rentals and aids pricing power
- Risk: Lower national safety percentiles and elevated rent-to-income require proactive management