| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7080 Saranac St, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2001-11-08 |
| Transaction Price | $603,000 |
| Buyer | LYSINGER DAVID L |
| Seller | SARANAC PARTNERSHIP LP |
7080 Saranac St, La Mesa CA Multifamily Investment
Neighborhood occupancy in the mid-90s and a renter-occupied housing share near two-thirds point to a deep tenant base and stable leasing, according to WDSuite’s CRE market data.
Situated in La Mesa within the San Diego metro, the property sits in a neighborhood rated A- and ranked 140 among 621 metro neighborhoods, placing it in the top quartile locally. For investors, that signals balanced fundamentals and demand depth relative to many submarkets across the region.
Livability supports renter appeal: restaurants are dense by regional standards and competitive nationally, with cafes and childcare access also strong. Grocery access is solid, though park and pharmacy density are limited in the immediate area—considerations for tenant lifestyle positioning and marketing.
Rents and occupancy at the neighborhood level have been resilient, with occupancy around the mid-90s and net operating income per unit benchmarking in a high national percentile. Median home values are elevated versus national norms, and the value-to-income ratio trends high, which typically sustains reliance on multifamily rentals and supports pricing power; at the same time, rent-to-income levels in this neighborhood suggest manageable affordability pressure that can aid lease retention.
Construction vintage for the subject asset is 1972 versus a neighborhood average closer to the late 1970s. Older vintage can warrant capital planning for systems and interiors, but also presents value‑add potential to modernize finishes and improve operational competitiveness against newer stock.
Demographics within a 3-mile radius show a sizable population with stable recent trends and forecasts indicating growth in households, implying a larger tenant base over the next few years. Household sizes are edging lower, which can favor demand for smaller formats and support occupancy stability for a 20‑unit asset with average unit sizes near typical one-bedrooms.
Safety indicators for the neighborhood sit near the metro median among 621 San Diego-area neighborhoods, while the national comparison points to a less favorable position overall. Nationally, the area falls below average on safety percentiles, indicating higher incident rates than many U.S. neighborhoods.
Recent trend data is mixed: estimated property offenses declined materially year over year, a positive directional signal, while violent offense measures are positioned in lower national percentiles and have shown recent increases. Investors should underwrite with prudent security and operating assumptions, using block-level data during diligence rather than relying solely on neighborhood aggregates.
The employment base combines defense/aerospace, energy utilities, logistics, and technology—industries that support steady renter demand and commute convenience for workforce tenants in this submarket. Featured nearby employers include L‑3, Sempra Energy, Sysco, Qualcomm, and Celgene.
- L-3 Telemetry & RF Products — defense & aerospace offices (6.3 miles)
- Sempra Energy — energy utilities (7.8 miles) — HQ
- Sysco — foodservice distribution (11.4 miles)
- Qualcomm — wireless technology (12.3 miles) — HQ
- Celgene Corporation — biopharmaceutical offices (12.5 miles)
7080 Saranac St offers exposure to a top‑quartile San Diego metro neighborhood with solid renter demand, high neighborhood‑level occupancy, and NOI per unit benchmarking well versus national peers. Elevated local home values and a high value‑to‑income ratio reinforce reliance on rentals, while rent‑to‑income levels indicate manageable affordability pressure that can support retention and steady pricing. According to commercial real estate analysis from WDSuite, nearby amenities and services are competitive, though park/pharmacy density is limited and should be considered in positioning.
Built in 1972, the asset’s older vintage suggests potential value‑add through interior modernization and select systems upgrades to enhance durability and tenant appeal. Demographics within a 3‑mile radius point to household growth ahead, expanding the renter pool and supporting occupancy stability for a 20‑unit community.
- Top‑quartile neighborhood standing in the San Diego metro supports demand depth
- High neighborhood occupancy and strong per‑unit NOI underpin stable cash flow potential
- Elevated ownership costs favor rental demand; rent‑to‑income suggests retention support
- 1972 vintage presents clear renovation and operational value‑add levers
- Risks: nationally below‑average safety positioning and limited park/pharmacy density warrant conservative underwriting