| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 14th | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 758 S Mollison Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1978 |
| Units | 62 |
| Transaction Date | 2016-08-17 |
| Transaction Price | $8,750,000 |
| Buyer | HOBAN HOLDINGS INC |
| Seller | SPORER MICHAEL E |
758 S Mollison Ave, El Cajon Multifamily Investment
Neighborhood-level occupancy is 95.1%—supportive for stable tenancy in El Cajon—based on CRE market data from WDSuite, with renter demand driven by a high share of renter-occupied housing units.
Located in El Cajon within the San Diego–Chula Vista–Carlsbad metro, the property sits in an Urban Core neighborhood rated C- (ranked 570 of 621 metro neighborhoods). While not a top performer overall, the submarket shows steady renter activity: neighborhood occupancy is 95.1% (top 28% nationally), and the share of housing units that are renter-occupied is high at 80.4%—ranked 17 of 621, competitive for depth of tenant demand.
Vintage is 1978 versus a neighborhood average construction year of 1980. That slight age differential points to potential value-add via unit modernization and building systems upgrades, while still competing against a largely late-1970s/1980s stock. Investors should plan capital expenditures accordingly to preserve leasing velocity and reduce turnover.
Within a 3-mile radius, demographics indicate a modest population increase over the last five years and a 4%+ rise in household counts, with projections calling for further household growth through 2028. This suggests a gradually expanding tenant base and supports occupancy stability, particularly for well-managed, renovated units. Median household incomes have trended higher in recent years, which can underpin rent collections and reduce delinquency risk.
Rent and ownership context shows neighborhood median contract rents tracking in the upper national percentiles, while median home values are elevated relative to national benchmarks. In practical terms, the high-cost ownership market in San Diego County reinforces reliance on multifamily rentals, supporting pricing power for quality product. However, a rent-to-income ratio of 0.40 signals affordability pressure for some renter cohorts, emphasizing disciplined lease management and targeted renewal strategies. Amenities are mixed: childcare and cafes are dense (both ranking near the top among 621 neighborhoods), but on-neighborhood grocery, park, and pharmacy options are limited, so residents may rely on adjacent areas.
Neighborhood safety trends are mixed. The area’s crime rank is 507 among 621 metro neighborhoods, which places it below the metro median and in the lower national percentiles for safety (around the 22nd percentile nationwide). For investors, this typically points to underwriting for higher security measures, proactive property management, and potential insurance considerations.
Recent estimates indicate year-over-year increases in both violent and property offenses. While these figures can fluctuate at the neighborhood scale, they underscore the importance of visibility, lighting, access control, and resident engagement programs to support retention and asset performance. Comparisons should be monitored over time against regional peers to track improvement or deterioration.
Proximity to key San Diego employers supports commuter convenience and multifamily demand, with aerospace/defense, distribution, energy, and technology anchors within a workable drive of the property. The list below reflects nearby corporate offices that can help stabilize the renter base.
- L-3 Telemetry & RF Products — defense & aerospace (11.0 miles)
- Sysco — food distribution (11.9 miles)
- Sempra Energy — utilities & energy (13.1 miles) — HQ
- Qualcomm — wireless & semiconductors (16.1 miles) — HQ
- Celgene Corporation — biopharma offices (16.6 miles)
758 S Mollison Ave is a 62-unit, 1978-vintage asset positioned in an Urban Core neighborhood where renter concentration is high and occupancy runs in the low-to-mid 90s. According to CRE market data from WDSuite, the surrounding neighborhood posts a 95.1% occupancy rate and ranks high nationally for the share of renter-occupied housing units, signaling depth in the tenant pool. Within a 3-mile radius, household counts have grown and are projected to expand further, which supports leasing traction for well-maintained product.
Elevated neighborhood home values relative to national benchmarks help sustain rental demand, though rent-to-income ratios indicate affordability pressure that warrants careful pricing and renewal strategies. The 1978 construction suggests ongoing capital planning and targeted renovations can create value and defend occupancy against comparable stock. Monitoring safety and implementing appropriate site-level measures should remain part of the operating plan.
- High renter concentration and 95.1% neighborhood occupancy underpin demand and retention
- 1978 vintage offers value-add potential via unit and systems upgrades
- Household growth within 3 miles supports a larger tenant base over the next cycle
- Elevated home values in San Diego County reinforce rental reliance and pricing power
- Risk: affordability pressure (high rent-to-income) and area safety trends require disciplined management