| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5575 Shasta Ln, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 1978 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | $1,700,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
5575 Shasta Ln, La Mesa CA — Value-Add Multifamily Position
Neighborhood occupancy is steady and renter demand is durable in this La Mesa urban-core pocket, according to WDSuite’s CRE market data, offering investors a pragmatic path to cash flow with potential to enhance operations over time.
The property sits in an Urban Core neighborhood graded A- and ranked 140 of 621 within the San Diego–Chula Vista–Carlsbad metro, placing it in the top quartile among metro neighborhoods. For investors, that positioning signals established fundamentals and leasing depth versus many local peers.
Occupancy across the neighborhood is solid with rates above national norms and trending positively over the last five years, and the share of renter-occupied housing units is high, indicating a deep tenant base and stable multifamily demand. Median contract rents in the neighborhood track toward the higher end nationally, which aligns with San Diego’s broader pricing power, while lease-up and retention benefit from a rent-to-income profile that suggests manageable affordability for many households.
Local livability drivers are supportive: restaurant density sits in the top decile nationally, with grocery, cafe, and childcare access above average. Average school ratings are slightly above the national midpoint. Notably, park and pharmacy density is limited in the immediate neighborhood, which is a modest convenience drawback to consider in amenity positioning.
Construction vintage locally averages late-1970s; at 1973, this asset is somewhat older than neighborhood norms, pointing to value-add and capital planning opportunities that can sharpen competitive positioning against nearby stock. Within a 3-mile radius, WDSuite’s demographic data shows population and households have increased in recent years and are projected to grow further, supporting a larger tenant base and reinforcing occupancy stability over time.
Safety indicators are mixed. Compared with neighborhoods nationwide, this area sits below the national safety average, particularly on violent offense measures. Within the San Diego metro, however, the neighborhood is around the metro median, highlighting conditions that are more typical locally than the national comparison suggests.
One constructive trend for investors: estimated property offense rates improved year over year, indicating some easing in non-violent incidents. Owners should still underwrite prudent security measures and resident-experience practices, but the directional improvement provides a modest tailwind for tenant retention.
Proximity to diversified employers supports a broad renter pool and commute convenience, notably across defense & aerospace, utilities, distribution, semiconductors, and biotech — all relevant to workforce housing demand in East County and greater San Diego.
- 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 — semiconductors (12.4 miles) — HQ
- Celgene Corporation — biotech/pharma (12.7 miles)
This 40-unit, 1973-vintage asset aligns with steady neighborhood fundamentals and offers practical value-add levers. The surrounding neighborhood shows resilient occupancy, a high share of renter-occupied housing units, and nationally competitive restaurant and daily-needs access — all supportive of multifamily demand and lease stability. Elevated home values in the area indicate a high-cost ownership market, which tends to reinforce renter reliance on multifamily housing and can support pricing discipline.
Older construction relative to local averages suggests targeted renovations and systems upgrades could drive NOI through rent repositioning and operating efficiencies. Based on CRE market data from WDSuite, neighborhood occupancy trends and a manageable rent-to-income profile point to durable tenant retention, while 3-mile demographic projections for additional population and household growth expand the renter pool over the medium term. Key underwriting considerations include localized safety metrics that trail national benchmarks and limited park/pharmacy density, both of which can be mitigated through property-level programming and service offerings.
- Neighborhood ranks in the metro’s top quartile, supporting leasing stability
- High renter-occupied share indicates depth of tenant demand
- 1973 vintage provides clear value-add and capex upgrade pathways
- Elevated ownership costs sustain multifamily reliance and pricing power
- Risks: below-national safety metrics and limited parks/pharmacies; addressable via on-site measures