| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 77th | Best |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5877 Baltimore Dr, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 2000 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5877 Baltimore Dr La Mesa Multifamily Investment
This 21-unit property benefits from neighborhood-level occupancy at 95.2% and strong demographics supporting rental demand, according to CRE market data from WDSuite.
La Mesa's Urban Core neighborhood ranks in the top quartile nationally for amenities (61st percentile) and demographic strength (77th percentile among 621 metro neighborhoods). The area maintains strong occupancy at 95.2% with median household income of $93,197, supporting stable rental demand. Built in 2000, this property aligns with the neighborhood's average construction year of 1976, positioning it as a relatively newer asset that may require less near-term capital expenditure compared to older neighborhood stock.
Demographics within a 3-mile radius show a population of 134,262 with household growth projected at 37.3% through 2028, expanding the potential renter pool. The area's 47.1% renter-occupied housing units indicate solid rental market depth. Median contract rent of $1,638 has grown 62.8% over five years, though rent-to-income ratios remain at 0.20, suggesting manageable affordability for tenant retention.
Local amenities support tenant appeal with 4.07 grocery stores per square mile (94th percentile nationally) and 2.03 childcare facilities per square mile (93rd percentile). The neighborhood's median home value of $793,478 with 85% appreciation over five years reinforces rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Safety metrics show mixed trends requiring investor attention. Property crime rates rank 90th among 621 metro neighborhoods (35th percentile nationally), indicating above-average property crime levels compared to national standards. Violent crime rates rank 213th among metro neighborhoods (23rd percentile nationally), suggesting higher violent crime relative to national averages.
Both property and violent crime rates have increased over the past year by 9.7% and 35.0% respectively, trends that investors should monitor for potential impacts on tenant retention and insurance costs. These safety considerations should be factored into property management strategies and security investments.
The property benefits from proximity to major corporate employers that support workforce housing demand, with technology and energy sector anchors providing employment stability.
- L-3 Telemetry & RF Products — defense & aerospace offices (6.4 miles)
- Sempra Energy — energy services (8.8 miles) — HQ
- Sysco — food distribution (10.5 miles)
- Qualcomm — technology (12.1 miles) — HQ
- Celgene Corporation — biotechnology (12.4 miles)
This 21-unit property presents a stable cash flow opportunity with neighborhood-level occupancy at 95.2% and NOI per unit averaging $12,871 (90th percentile nationally). Built in 2000, the asset offers potential value-add opportunities while avoiding the extensive capital requirements of significantly older properties. Demographic projections show household growth of 37.3% through 2028, supporting long-term rental demand in a market where elevated home values sustain renter reliance on multifamily housing.
The Urban Core location provides tenant appeal through high amenity density and proximity to major employers including Qualcomm and Sempra Energy headquarters. However, investors should account for rising crime trends and monitor their impact on tenant retention and operating costs.
- Strong neighborhood occupancy at 95.2% with NOI per unit in 90th percentile nationally
- Projected household growth of 37.3% through 2028 expanding renter pool
- 2000 construction year offers value-add potential with reduced capital expenditure risk
- High home values sustain rental demand as ownership costs remain elevated
- Rising crime trends require monitoring for potential impacts on tenant retention