| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 60th | Fair |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5711 Water St, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 2000 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5711 Water St La Mesa Multifamily Investment
This 52-unit property built in 2000 sits in a neighborhood with 93.4% occupancy rates and strong rental demand fundamentals, according to CRE market data from WDSuite.
La Mesa presents a balanced investment environment with neighborhood-level occupancy at 93.4% and median rents of $2,117, positioning above the 90th percentile nationally. The area ranks in the top quartile among 621 metro neighborhoods for net operating income per unit at $11,574, indicating solid rental performance relative to San Diego submarkets.
Built in 2000, this property aligns with the neighborhood's average construction year of 1980, suggesting potential value-add opportunities through targeted renovations and unit improvements. The rental market shows depth with 32.3% of housing units occupied by renters, supported by home values averaging $637,667 that reinforce rental demand as ownership costs remain elevated.
Demographics within a 3-mile radius show a stable tenant base with median household income of $89,488 and projected growth to $119,132 by 2028. The area maintains solid amenity access with 1.22 grocery stores and childcare facilities per square mile, ranking in the 74th and 85th percentiles nationally respectively, supporting tenant retention through convenience factors.
Rent-to-income ratios at 0.25 suggest manageable affordability for area households, though this metric ranks in the lower tier nationally, indicating the need for careful lease management and renewal strategies to maintain occupancy levels.
Safety metrics show property crime rates of 605.8 per 100,000 residents, ranking 107th among 621 metro neighborhoods with improvement trends showing a 25.2% year-over-year decline. Violent crime rates of 151.3 per 100,000 place the neighborhood in the 24th percentile nationally, indicating room for improvement relative to safer suburban markets.
The overall crime ranking positions this location in the middle tier of San Diego neighborhoods, with property crime trends moving in a favorable direction. Investors should consider these metrics alongside other location factors when evaluating long-term tenant appeal and retention strategies.
The property benefits from proximity to major San Diego employment centers, with technology and energy sector anchors providing workforce housing demand within reasonable commuting distance.
- L-3 Telemetry & RF Products — defense technology (8.8 miles)
- Sempra Energy — utility services (10.9 miles) — HQ
- Sysco — food distribution (11.2 miles)
- Qualcomm — telecommunications technology (14.3 miles) — HQ
- Celgene Corporation — biotechnology (14.7 miles)
This La Mesa property offers stable cash flow fundamentals with neighborhood occupancy at 93.4% and NOI per unit averaging $11,574, ranking in the 86th percentile nationally according to commercial real estate analysis. The 2000 construction year positions the asset for value-add improvements while avoiding major capital expenditure cycles typical of older properties.
Demographics within a 3-mile radius support rental demand with projected household income growth from $89,488 to $119,132 by 2028, while elevated home values at $637,667 reinforce renter reliance on multifamily housing. The balanced renter-owner split at 32.3% rental occupancy provides market depth without oversaturation concerns.
- Strong NOI performance ranking in top quartile among San Diego metro neighborhoods
- Stable occupancy at 93.4% with improving property crime trends
- Value-add potential through 2000 vintage property improvements
- Projected household income growth supporting rent escalation potential
- Risk consideration: Lower-tier rent-to-income ratios require careful lease management