| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 14th | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 E Chase Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 2013-10-23 |
| Transaction Price | $3,040,000 |
| Buyer | Y & G INVESTMENTS LLC |
| Seller | MMGER PARTNERSHIP |
800 E Chase Ave El Cajon 20-Unit Multifamily
Neighborhood fundamentals point to durable renter demand and steady occupancy for the submarket, according to WDSuite’s CRE market data, with a deep renter base and a high-cost ownership landscape supporting leasing stability at the neighborhood level.
Located in El Cajon within the San Diego metro, the neighborhood registers as C- overall and is classified as Urban Core. For investors, the area’s share of renter-occupied housing units is high, indicating a sizable tenant base that supports multifamily absorption and renewal velocity at the neighborhood level rather than the property specifically.
Amenity access is mixed: cafe density ranks in the top quartile among 621 metro neighborhoods and childcare coverage is similarly strong, while grocery stores, parks, and pharmacies are less prevalent locally. This pattern suggests residents often rely on nearby corridors for daily needs, which can inform resident retention strategies and marketing.
Occupancy in the neighborhood is above national averages and around the metro median, supporting income stability for well-managed assets. Housing metrics are competitive nationally (top quartile), and median home values are elevated for the area, which tends to sustain rental demand and reduce move-outs to ownership—reinforcing pricing power for well-positioned units.
The asset’s 1987 vintage is slightly newer than the neighborhood average (1980). That positioning can be competitive versus older local stock, though investors should plan for targeted modernization and systems updates to maintain leasing momentum and justify rent positioning.
Within a 3-mile radius, population grew modestly over the past five years while household counts increased, and forecasts point to further household growth even with flat population—signaling smaller household sizes and a larger renter pool over time. Rising incomes and projected rent increases in the radius support depth of demand; investors can underwrite to a broader tenant base while monitoring affordability and lease management.
Safety indicators trail the metro median among 621 San Diego-area neighborhoods and sit below national percentiles for safety. Recent year-over-year estimates show increases in certain offense categories. Investors should incorporate typical urban submarket measures—enhanced lighting, access control, and resident engagement—and benchmark against nearby comps to calibrate operating assumptions.
Nearby employment anchors include defense & aerospace, food distribution, energy utilities, and technology—industries that broaden the local renter base and support commute convenience for residents.
- L-3 Telemetry & RF Products — defense & aerospace (11.0 miles)
- Sysco — food distribution (12.2 miles)
- Sempra Energy — energy utility (13.0 miles) — HQ
- Qualcomm — telecommunications & semiconductors (16.3 miles) — HQ
- Celgene Corporation — biopharma offices (16.8 miles)
This 20-unit, 1987-vintage property benefits from a deep local renter base and neighborhood occupancy that trends above national levels, providing a foundation for income stability. Elevated home values in the area indicate a high-cost ownership market that tends to sustain reliance on multifamily housing, while household growth within a 3-mile radius expands the tenant pool over time. Based on CRE market data from WDSuite, the neighborhood’s housing profile is competitive nationally, positioning a well-managed asset to capture steady demand.
Relative to older submarket stock, 1987 construction can be competitive, with value-add potential through targeted interior upgrades and systems updates to support rent positioning. Leasing strategies should account for affordability pressures and local safety considerations, with prudent expense planning and resident experience improvements to drive retention and pricing power.
- Large renter-occupied housing share supports depth of demand and renewal stability.
- Neighborhood occupancy is around the metro median and above national levels, aiding income consistency.
- 1987 vintage offers competitive positioning versus older stock with clear modernization and value-add upside.
- Elevated home values reinforce renter reliance on multifamily, supporting pricing discipline.
- Risks: affordability pressure and below-median safety indicators warrant conservative underwriting and active asset management.