| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 73rd | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5630 Jackson Dr, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 1990 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | $2,125,000 |
| Buyer | HIGHWOOD INVESTORS LLC |
| Seller | THOMAS L RAGLAND TRUST |
5630 Jackson Dr La Mesa 23-Unit Multifamily Investment
Renter demand is supported by a high share of renter-occupied housing and solid neighborhood amenities, according to WDSuite’s CRE market data. Investors evaluating San Diego’s inner suburbs may find stable leasing fundamentals with potential to optimize operations.
Located in La Mesa’s inner suburb of the San Diego-Chula Vista-Carlsbad metro, the property sits in a neighborhood rated A- and ranked 120 out of 621 metro neighborhoods, placing it in the top quartile locally. The 1990 vintage is newer than the area’s average construction year (1976), which can enhance competitive positioning versus older stock while still requiring periodic system upgrades or modernization.
Daily needs are well covered: neighborhood grocery access and restaurant density track in the higher national percentiles, and childcare availability is notably strong. Parks are accessible, while cafes and pharmacies are thinner locally—an operational consideration for resident convenience rather than a core demand driver.
Schools in the area average 4.0 out of 5, a positive signal for family-oriented renter retention. The neighborhood’s housing metrics are above many peers nationally, and median home values are elevated compared with the U.S., which tends to reinforce reliance on multifamily rentals and support pricing power where units are well-maintained.
Tenure patterns indicate a sizable renter base: roughly two-thirds of housing units are renter-occupied, indicating depth for multifamily demand and potential backfill during turnovers. Within a 3-mile radius, recent years show modest population and household growth with projections pointing to further household gains, suggesting a larger tenant base over time that can support occupancy stability.
At the neighborhood level, reported occupancy is below the national median and has softened versus five years ago, but forward demographic momentum and high-cost ownership dynamics provide a backdrop for steady leasing with disciplined asset management.
Safety indicators track below the national median, reflecting comparatively higher crime levels than many U.S. neighborhoods. Recent data show a year-over-year decline in property offenses, a constructive development to monitor over subsequent reporting periods.
Nationally benchmarked percentiles place both violent and property offenses in lower-performing ranges (lower percentile indicates less safe relative performance). As with any inner-suburban location, outcomes vary by block; investors typically pair underwriting with current comps and standard on-site security measures.
Nearby employers span defense, utilities, logistics, wireless technology, and biotech—diversified industries that can support renter demand and resident retention via manageable commute times.
- L-3 Telemetry & RF Products — defense & aerospace offices (7.3 miles)
- Sempra Energy — utilities (9.4 miles) — HQ
- Sysco — food distribution (10.9 miles)
- Qualcomm — wireless & semiconductors (13.0 miles) — HQ
- Celgene Corporation — biotech/pharmaceuticals (13.3 miles)
This 23-unit, 1990-built asset benefits from a renter-heavy neighborhood, strong household incomes within a 3-mile radius, and elevated for-sale home values that sustain reliance on multifamily housing. Amenity access is favorable—especially groceries, restaurants, parks, and childcare—supporting resident satisfaction and lease retention, while school quality (average 4.0/5) is a plus for family-oriented demand.
According to CRE market data from WDSuite, neighborhood occupancy trends sit below the national median, but the area’s top-quartile local standing, growing household base, and high-cost ownership context provide a constructive backdrop for steady leasing and selective rent growth as units are modernized. The 1990 vintage is positioned ahead of older submarket stock, though investors should plan for targeted capital projects to keep interiors and systems competitive.
- Newer-than-area vintage (1990) supports competitive positioning versus older stock
- High renter-occupied share and diversified nearby employers deepen the tenant base
- Elevated ownership costs in the neighborhood underpin sustained rental demand
- Amenity and school strengths support retention and potential pricing power
- Risk: neighborhood safety metrics are below national median and occupancy has softened; pro forma should assume prudent leasing and security practices