| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 30th | Poor |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1019 Imperial Beach Blvd, Imperial Beach, CA, 91932, US |
| Region / Metro | Imperial Beach |
| Year of Construction | 1975 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | $2,375,000 |
| Buyer | DMJ EQUITY 1 LLC |
| Seller | PEREZ MCCALL FAMILY TRUST |
1019 Imperial Beach Blvd Imperial Beach Multifamily Investment
This 53-unit property built in 2000 sits in a renter-majority neighborhood with 96.8% occupancy rates and strong housing fundamentals. CRE market data from WDSuite shows the area ranks in the top 15% nationally for housing metrics.
Imperial Beach represents an urban core neighborhood within San Diego County, where 63.2% of housing units are renter-occupied—ranking in the top 5% nationally for rental market depth. This high concentration of renters provides a substantial tenant base, with neighborhood-level occupancy rates of 96.8% indicating strong demand fundamentals. The area ranks in the 82nd percentile nationally for occupancy performance.
Demographics within a 3-mile radius show a diverse income distribution, with median household income of $72,274 and projected growth to $113,774 by 2028—a 57% increase that could support rent growth. The forecast anticipates household count expansion of 37.4% over the next five years, translating to approximately 8,000 additional households entering the rental market. This demographic trajectory suggests sustained multifamily demand.
The property's 2000 construction year aligns with neighborhood averages, positioning it competitively without immediate capital expenditure pressures typical of older vintage assets. Home values averaging $814,242 with 72% appreciation over five years reinforce rental demand, as elevated ownership costs keep households in the multifamily market. Contract rents of $1,796 maintain reasonable affordability ratios for the income base.
While amenity density remains limited with minimal retail concentration, restaurant availability ranks in the 81st percentile nationally, supporting neighborhood livability. The area shows strong childcare access ranking in the 91st percentile, appealing to family renters who represent a stable tenant demographic.
Crime metrics for this Imperial Beach neighborhood show property offense rates of 2,301 per 100,000 residents, ranking 457th among 621 metro neighborhoods. While this places the area below metro median for property crime, violent offense trends show improvement with a 21% year-over-year decline, ranking in the 69th percentile nationally for crime reduction.
The neighborhood's overall crime rank of 299th out of 621 metro areas places it near the middle of the regional distribution. For multifamily investors, these metrics suggest standard security and risk management protocols rather than elevated concerns, with recent violent crime trends moving in a favorable direction.
The San Diego metro employment base includes several major corporate anchors within commuting distance, supporting workforce housing demand for multifamily properties.
- Sempra Energy — utilities and energy services (9.6 miles)
- Sempra Energy — utilities and energy services (10.3 miles) — HQ
- L-3 Telemetry & RF Products — defense and aerospace (17.1 miles)
- Qualcomm — technology and telecommunications (22.7 miles) — HQ
- Celgene Corporation — biotechnology and pharmaceuticals (22.1 miles)
This Imperial Beach multifamily property offers exposure to San Diego County's rental market fundamentals through a 53-unit asset in a renter-concentrated neighborhood. According to commercial real estate analysis from WDSuite, the area demonstrates occupancy stability at 96.8% with strong housing market rankings in the 85th percentile nationally. The 2000 construction vintage provides modern amenities without immediate capital needs while positioning competitively within the neighborhood's building stock.
Demographic projections within the 3-mile radius indicate household growth of 37% through 2028, expanding the potential tenant base significantly. Median household income is forecast to increase 57% to $113,774, supporting rent growth potential while current contract rents of $1,796 maintain affordability. The high renter-occupied share of 63.2% ranks in the top 5% nationally, indicating deep rental market penetration that supports occupancy stability and lease renewals.
- Neighborhood occupancy of 96.8% ranks in 82nd percentile nationally
- 37% projected household growth through 2028 expands tenant base
- 63.2% renter-occupied units rank top 5% nationally for rental depth
- 2000 construction vintage avoids immediate capital expenditure needs
- Risk consideration: Limited retail amenities may affect tenant retention