| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 14th | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 962 S Mollison Ave, El Cajon, CA, 92020, US |
| Region / Metro | El Cajon |
| Year of Construction | 1978 |
| Units | 22 |
| Transaction Date | 2000-12-13 |
| Transaction Price | $144,000 |
| Buyer | SCHLESIER ROBERT A |
| Seller | NIEDERSTEIN KARL R |
962 S Mollison Ave El Cajon Multifamily Investment
This 22-unit property built in 1977 sits in an Urban Core neighborhood where 80.4% of housing units are renter-occupied, ranking among the top 1% nationally for rental demand concentration.
The property is located in an Urban Core neighborhood with strong rental fundamentals, evidenced by an 80.4% renter-occupied housing share that ranks 17th among 621 San Diego metro neighborhoods. This concentration of rental housing provides a stable tenant pool and sustained demand for multifamily properties.
Built in 1977, this property aligns with the neighborhood's average construction year of 1980, indicating consistent building stock that may present value-add renovation opportunities for investors focused on modernization and unit upgrades. The neighborhood maintains a 95.1% occupancy rate, performing above the 72nd percentile nationally and demonstrating market stability.
Demographics within a 3-mile radius show a population of 144,252 with household income growth of 30.8% over five years, reaching a current median of $81,148. The area's 53% renter share and projected household growth of 23.7% through 2028 support continued rental demand. However, investors should note the rent-to-income ratio of 40% may present affordability pressures that require careful lease management and renewal strategies.
Amenity access is limited, with the neighborhood ranking in the bottom quartile nationally for grocery stores, parks, and restaurants. While this may impact tenant appeal, the high childcare density (98th percentile nationally) and cafe concentration (94th percentile nationally) serve key demographic needs in this family-oriented market.
The neighborhood's safety profile shows mixed indicators that require investor consideration. Property crime rates rank 242nd among 621 San Diego metro neighborhoods, placing it in the lower half of the region with an estimated rate of 1,132 incidents per 100,000 residents.
Violent crime presents greater concern, with rates ranking 370th of 621 neighborhoods and a concerning 105% increase over the past year. This places the area in the 15th percentile nationally for violent crime safety, suggesting investors should factor security considerations into property management strategies and tenant retention planning.
The San Diego metro's diverse employment base includes several major corporate employers within commuting distance, supporting workforce housing demand in the El Cajon area.
- L-3 Telemetry & RF Products — defense technology (11.0 miles)
- Sysco — food distribution services (12.1 miles)
- Sempra Energy — utilities and energy — HQ (13.0 miles)
- Qualcomm — technology and semiconductors — HQ (16.2 miles)
- Celgene Corporation — biotechnology (16.7 miles)
This 22-unit property offers exposure to San Diego's strong rental market fundamentals, with neighborhood-level occupancy at 95.1% and an exceptional 80.4% renter share that ranks in the top 1% nationally. According to CRE market data from WDSuite, the area's rental concentration provides stability for multifamily investments, while projected household growth of 23.7% through 2028 supports continued tenant demand.
The 1977 construction year aligns with neighborhood norms and presents value-add renovation opportunities for investors seeking to modernize units and capture rent premiums. However, the area's safety profile requires careful consideration, with rising violent crime rates and below-average property crime statistics that may impact tenant retention and require enhanced security measures.
- Exceptional rental market concentration (80.4% renter-occupied, top 1% nationally)
- Strong occupancy fundamentals (95.1% neighborhood rate, 72nd percentile nationally)
- Projected household growth of 23.7% through 2028 supports tenant demand
- Value-add renovation potential with 1977 vintage property
- Risk consideration: Rising violent crime rates require enhanced security planning