| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 26th | Poor |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 923 S Sunshine Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1977 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | $880,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
923 S Sunshine Ave El Cajon Multifamily Investment
This 25-unit property built in 1977 operates in a neighborhood with 100% occupancy and strong rental demand. Commercial real estate analysis from WDSuite confirms the area's renter-heavy tenure mix supports multifamily fundamentals.
Located in El Cajon's urban core, this neighborhood demonstrates solid rental fundamentals with 65.3% of housing units occupied by renters, ranking in the 96th percentile nationally. The area maintains 100% occupancy, ranking first among 621 San Diego metro neighborhoods, indicating strong absorption and minimal vacancy pressure.
Demographic statistics aggregated within a 3-mile radius show a population of 147,000 with median household income of $80,400. The area's renter pool is supported by higher ownership costs, with median home values of $593,400 creating conditions that sustain rental demand. Forecast data suggests household count growth of 24.5% through 2028, expanding the potential tenant base.
The property's 1977 construction year aligns with the neighborhood average, presenting potential value-add opportunities through strategic renovations and unit improvements. Median contract rents of $1,659 provide a baseline for rental pricing, while the neighborhood's amenity density includes strong grocery access ranking in the 98th percentile nationally.
Crime metrics show the neighborhood ranking 219th among 621 San Diego metro neighborhoods, placing it in the 36th percentile nationally. Both property and violent crime rates have declined over the past year, with property offenses down 12.4% and violent offenses decreasing 8.1%, indicating improving security conditions.
While crime levels remain above metro averages, the downward trend suggests stabilizing conditions that support resident retention and leasing activity. Investors should monitor these trends as part of ongoing property management and tenant screening protocols.
The property benefits from proximity to major San Diego employers, providing workforce housing for technology, energy, and corporate sectors that support tenant demand.
- L-3 Telemetry & RF Products — defense technology (10.3 miles)
- Sysco — food distribution (11.8 miles)
- Sempra Energy — utilities HQ (12.3 miles)
- Qualcomm — technology HQ (15.6 miles)
This 25-unit property offers exposure to El Cajon's strong rental fundamentals, anchored by 100% neighborhood occupancy and a 65.3% renter-occupied housing mix. The 1977 vintage provides value-add potential through strategic improvements, while CRE market data from WDSuite confirms demographic growth projecting 24.5% household expansion through 2028.
Average unit size of 911 square feet aligns with local demand patterns, and proximity to major San Diego employers including Sempra Energy and Qualcomm supports workforce housing appeal. The neighborhood's grocery access and urban core location provide tenant retention advantages.
- Neighborhood occupancy at 100%, ranking first among 621 metro neighborhoods
- Strong renter tenure mix at 65.3% supports multifamily demand
- Value-add potential through 1977 vintage property improvements
- Household growth forecast of 24.5% expands tenant pool through 2028
- Risk consideration: Crime levels above metro average require ongoing monitoring