| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 63rd | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4747 Jessie Ave, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 1976 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | $950,000 |
| Buyer | F & F JESSIE LA MESA LP |
| Seller | DAVID ALFERY INVESTMENTS |
4747 Jessie Ave La Mesa Multifamily Investment
Neighborhood occupancy is steady and homeownership costs are elevated for the area, which supports renter demand, according to WDSuite s CRE market data. This asset s scale suits operational efficiency while benefiting from La Mesa s inner-suburban fundamentals.
The property sits in an Inner Suburb neighborhood of the San Diego metro with a B- neighborhood rating, where renter demand is reinforced by a high-cost ownership market. Neighborhood home values rank in the high national percentiles, and median contract rents are also above national medians, indicating solid pricing power for well-managed units. Grocery access is a relative strength (around the 90th percentile nationally), while restaurants are moderately represented; cafes, parks, and pharmacies are less dense locally. These are neighborhood-level indicators, not property metrics, based on CRE market data from WDSuite.
Neighborhood occupancy is above the national median (approximately the upper third nationally), supporting expectations for leasing stability. Within a 3-mile radius, an approximately even tenure mix (about half renter-occupied units) points to a deep tenant base and ongoing multifamily demand. The median rent-to-income relationship trends relatively manageable for the area, which can aid retention and reduce turnover risk when paired with disciplined lease management.
Schools in the neighborhood score below national averages on a 5-point scale, which may modestly temper appeal for family renters; positioning and amenity investments can help target workforce and young professional cohorts. Amenity access trends mixed: grocery coverage is strong, while limited park and cafe density suggests that on-site conveniences and nearby retail nodes matter more for resident satisfaction.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth, with forecasts pointing to further increases through 2028. A growing household base and slight declines in average household size together suggest a gradually expanding renter pool, which supports occupancy stability for well-located, professionally operated assets.
Safety indicators for the neighborhood trend below national averages, with violent and property offense measures positioned in lower national percentiles relative to U.S. neighborhoods. Recent data, however, show year-over-year improvement in property offenses, indicating some positive momentum. These are neighborhood-level trends and should be paired with on-site security, lighting, and resident engagement practices when planning operations.
Within the San Diego metro context, this places the area as less safe than many peer neighborhoods, though recent declines in property incidents suggest potential stabilization. Prospective owners can underwrite with appropriate insurance, security enhancements, and tenant screening to manage risk while monitoring ongoing local trends reported by WDSuite.
Nearby employers span aerospace/defense, utilities, distribution, telecommunications, and biotech, supporting a diverse workforce and commute convenience that can bolster renter retention.
- L-3 Telemetry & RF Products aerospace & defense (6.9 miles)
- Sempra Energy utilities (8.0 miles) HQ
- Sysco food distribution (11.8 miles)
- Qualcomm telecommunications & semiconductors (13.0 miles) HQ
- Celgene Corporation biotech (13.1 miles)
Built in 1976, this 20-unit property is slightly older than the neighborhood s average vintage, pointing to potential value-add through interior renovations, systems upgrades, and curb appeal improvements. Neighborhood occupancy trends in the upper national percentiles and a high-cost ownership landscape reinforce multifamily demand and leasing durability, according to CRE market data from WDSuite. Within a 3-mile radius, the renter-occupied share is substantial, and income trends have strengthened, supporting a larger tenant base and rent collections.
Operationally, the location benefits from proximity to diversified employment centers and solid grocery access, while mixed amenity density and below-average school ratings suggest focusing marketing on workforce and young professionals. Safety metrics trail national norms, but recent improvement in property incidents and professional on-site practices can mitigate risk as part of a disciplined asset plan.
- Older 1976 vintage offers value-add and capex-driven upside versus newer stock
- Neighborhood occupancy above national median supports leasing stability
- High-cost ownership market sustains renter demand and pricing power
- Diverse nearby employers underpin a broad tenant base and retention
- Risks: safety metrics below national averages and limited park/cafe density; plan for security and amenity investments