| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5555 Lake Murray Blvd, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 1979 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5555 Lake Murray Blvd La Mesa Multifamily Investment
Neighborhood fundamentals point to durable renter demand, with occupancy holding near the mid-90s and a high share of renter-occupied units, according to WDSuite’s commercial real estate analysis. Investors evaluating La Mesa can view this address as positioned for steady leasing in an Urban Core setting.
The property sits in La Mesa’s Urban Core, ranked 140 out of 621 metro neighborhoods—placing it in the top quartile among San Diego neighborhoods—based on CRE market data from WDSuite. Local occupancy in the neighborhood is 95.7% and trends above the metro median, supporting income stability for multifamily assets.
Livability is supported by strong food-and-beverage density (restaurants and cafés track well above national averages) and everyday conveniences such as grocery access that outpace national norms. Average school ratings hover around mid-levels (about 3.0 out of 5), which is typical for urban locations and should be considered when targeting renter profiles.
Tenure data indicates a deep renter base: roughly 65.9% of housing units in the neighborhood are renter-occupied, signaling dependable demand depth for apartments rather than ownership. Home values are elevated (around $600K median), and a high value-to-income ratio is consistent with a high-cost ownership market—factors that generally sustain renter reliance on multifamily housing. At the same time, a rent-to-income ratio near 0.27 suggests some affordability pressure, requiring attentive lease management and renewal strategies.
Within a 3-mile radius, demographics show recent population growth alongside a larger increase in households, pointing to smaller household sizes and an expanding renter pool that can support occupancy. Forward-looking projections for the 3-mile area call for continued population and household gains, which should reinforce leasing velocity and retention over the medium term, per WDSuite’s CRE market data.
Safety indicators in the immediate neighborhood trail national norms, reflecting an urban context where incident rates are higher than the nationwide median. Within the metro, the area is around the middle of the pack among 621 San Diego neighborhoods. Notably, property offense estimates show a meaningful year-over-year decline, according to WDSuite, which is a constructive trend to monitor alongside ongoing local initiatives.
Investors should calibrate underwriting with conservative assumptions for security and operations, evaluate property-level controls, and benchmark performance against comparable urban-core assets in the San Diego-Chula Vista-Carlsbad metro.
Proximity to defense, utilities, distribution, telecommunications, and biotech employers provides a broad white- and blue-collar employment base that supports renter demand and commute convenience. The following nearby employers are representative of the area’s demand drivers.
- L-3 Telemetry & RF Products — defense & aerospace offices (6.6 miles)
- Sempra Energy — utilities (8.6 miles) — HQ
- Sysco — food distribution (10.9 miles)
- Qualcomm — telecommunications (12.4 miles) — HQ
- Celgene Corporation — biotech (12.6 miles)
This 66-unit La Mesa asset benefits from neighborhood occupancy around 95.7% and a renter-occupied share near two-thirds, indicating a deep tenant base and steady absorption potential. Elevated home values and a high value-to-income setting support sustained reliance on rentals, while household growth within a 3-mile radius points to continued renter pool expansion and leasing resilience, based on CRE market data from WDSuite.
Operationally, strong local amenity density and proximity to diversified employers underpin demand, though investors should plan for prudent affordability and security assumptions given a rent-to-income ratio near 0.27 and safety metrics that trail national norms. These dynamics favor disciplined revenue management, renewal focus, and targeted capital to enhance competitiveness.
- High neighborhood occupancy and deep renter base support income stability
- Elevated ownership costs in the area reinforce rental demand and pricing power
- 3-mile population and household growth expand the tenant pool and support leasing
- Diversified nearby employers bolster demand across cycles
- Risks: affordability pressure (rent-to-income) and below-national safety metrics warrant conservative underwriting