| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 63rd | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7353 El Cajon Blvd, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 2000 |
| Units | 45 |
| Transaction Date | 2004-11-30 |
| Transaction Price | $1,140,000 |
| Buyer | TULSA LEWIS HOTEL VENTURE LLC |
| Seller | 7353 ECB LLC |
7353 El Cajon Blvd, La Mesa Multifamily Investment
Neighborhood occupancy trends sit around the metro middle but above national norms, while elevated ownership costs in San Diego County sustain renter demand, according to WDSuite’s CRE market data. Built in 2000, the asset competes well versus older local stock, supporting steady leasing performance.
This Inner Suburb location in La Mesa shows balanced fundamentals for workforce and professional renters. Neighborhood occupancy trends are competitive nationally (above the median) and track near the middle among the San Diego–Chula Vista–Carlsbad metro’s 621 neighborhoods, indicating generally stable lease-up and retention conditions. Median asking rents in the neighborhood benchmark high relative to national peers, which aligns with stronger income profiles locally.
Amenities are mixed: grocery access is top quartile nationally, while cafes, parks, and pharmacies are limited within the immediate neighborhood. For investors, this points to daily-needs convenience that supports retention, with some lifestyle amenity gaps that may modestly temper premium positioning.
Construction trends favor newer product than the metro’s average vintage (the neighborhood skews older overall), and a 2000 build date positions the property competitively against much of the local stock. That typically reduces near-term structural capex exposure versus 1970s-era assets, while still warranting ongoing systems modernization or common-area refreshes to defend rent positioning.
Within a 3-mile radius, demographics indicate a larger tenant base supported by rising household counts and modest population growth, alongside slightly smaller average household sizes. The renter-occupied share in the immediate area is roughly balanced with ownership, which supports depth of demand for multifamily without overreliance on any single cohort. Elevated home values in the neighborhood (high-cost ownership market) tend to reinforce multifamily reliance and can support pricing power when managed alongside rent-to-income affordability considerations.
Schools rate below national averages, which may be a consideration for family-oriented leasing strategies; however, the neighborhood’s income profile is above metro medians and national norms. On balance, location fundamentals favor steady occupancy with room for value-focused enhancements rather than trophy-level premiums.
Safety indicators sit below the national median, placing the area short of top-quartile performers nationwide. Within the San Diego–Chula Vista–Carlsbad metro’s 621 neighborhoods, the submarket tracks around the middle of the pack. Year over year, property crime has improved, which suggests some positive momentum, but violent crime metrics remain comparatively elevated versus national benchmarks.
For underwriting, this points to prudent security and lighting improvements, active property management, and resident engagement as tools to support retention and reputation. Comparisons should be made against nearby La Mesa and east San Diego neighborhoods to calibrate achievable rent positioning relative to safety perceptions.
Proximity to defense, energy, distribution, wireless, and biopharma employers supports a diverse renter base and commute convenience. Notable nearby employers include L3Harris (telemetry/defense), Sempra Energy, Sysco, Qualcomm, and Celgene.
- L-3 Telemetry & RF Products — defense & aerospace (6.8 miles)
- Sempra Energy — energy utility (8.0 miles) — HQ
- Sysco — food distribution (11.6 miles)
- Qualcomm — wireless & semiconductors (12.8 miles) — HQ
- Celgene Corporation — biopharma (12.9 miles)
7353 El Cajon Blvd offers a 45‑unit, 2000‑vintage asset in an Inner Suburb location where neighborhood occupancy is around the metro median yet above national norms. High ownership costs locally lend support to multifamily demand and pricing power when managed against rent-to-income thresholds; based on commercial real estate analysis from WDSuite, the area’s income profile and nationally competitive rent levels suggest durable tenant depth.
Relative to older 1970s stock common in the metro, the 2000 construction provides a competitive position with potential to capture value through targeted interior updates and amenity/light curb-appeal enhancements rather than heavy structural work. Demographic trends within a 3‑mile radius—more households, slightly smaller sizes, and balanced renter concentration—support a steady pipeline of prospective renters and reinforce occupancy stability over the hold period.
- Newer 2000 vintage versus older neighborhood stock reduces near-term structural capex and supports competitive positioning.
- High-cost ownership market reinforces renter reliance, aiding pricing power with disciplined lease management.
- 3-mile demographics show increasing households and a broad renter pool, supporting occupancy stability.
- Diverse nearby employers (defense, energy, distribution, tech, biopharma) underpin demand across renter segments.
- Risks: safety metrics below national median and limited lifestyle amenities (parks/cafes) may temper top-end rent premiums.