| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7482 Mohawk St, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 1972 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7482 Mohawk St, La Mesa CA Multifamily Investment
Renter demand is supported by a high renter-occupied share and mid-90s neighborhood occupancy, according to WDSuite’s CRE market data. For investors, this points to stable leasing fundamentals in an urban-core pocket of San Diego County.
The property is positioned in La Mesa within the San Diego-Chula Vista-Carlsbad metro’s urban core. The neighborhood rates A- and ranks 140 out of 621 metro neighborhoods, placing it in the top quartile among San Diego-area neighborhoods. For multifamily investors, that combination generally signals durable renter demand and competitive positioning versus nearby submarkets.
Daily needs and convenience retail are accessible: restaurants and cafés are dense for the metro, with grocery presence reasonable. Parks and pharmacies are limited within the immediate neighborhood, which may modestly influence resident preferences, though proximity to broader San Diego amenities mitigates some of that gap. Average school ratings hover around the middle of the pack, suggesting families may weigh specific school options when leasing.
Neighborhood occupancy is in the mid-90s with a multi-year uptrend, and the area has a high renter concentration (roughly two-thirds of housing units are renter-occupied). Together these data points indicate depth in the tenant base and support for ongoing lease stability. Median home values are elevated for the region, and the value-to-income ratio sits on the higher side, which tends to reinforce reliance on rentals and can support pricing power when managed carefully.
Within a 3-mile radius, demographics show recent population growth and a modest increase in households, with forecasts pointing to additional gains and a somewhat smaller average household size ahead. These shifts typically expand the renter pool and support occupancy over the medium term. Household incomes have been trending higher, which can aid absorption of renovated units and reduce turnover risk, based on CRE market data from WDSuite.
Vintage matters for capital planning: the asset’s 1972 construction is older than the neighborhood average (late-1970s), highlighting potential value-add opportunities through interior upgrades and system modernization to remain competitive against newer stock.
Safety indicators for the neighborhood sit around the metro middle but below national averages. National percentiles show the area tracking weaker on violent and property offense measures than many neighborhoods nationwide, while metro rank implies conditions are roughly mid-pack within San Diego. Investors should underwrite to prudent security measures and resident communication.
Trendwise, estimated property offenses have declined meaningfully over the past year, a constructive signal. At the same time, violent offense estimates show recent increases. The mixed direction suggests monitoring near-term trends and coordinating with property management to support resident experience and retention.
Nearby employers span defense and aerospace, utilities, food distribution, semiconductors, and biotech—providing a diverse employment base that supports renter demand and reduces reliance on a single industry.
- L-3 Telemetry & RF Products — defense & aerospace (6.8 miles)
- Sempra Energy — utilities (8.2 miles) — HQ
- Sysco — food distribution (11.6 miles)
- Qualcomm — semiconductors (12.8 miles) — HQ
- Celgene Corporation — biotech (13.0 miles)
This 60-unit, 1972-vintage asset offers a value-add angle in a neighborhood with sustained renter demand, mid-90s occupancy, and a high share of renter-occupied housing units. Elevated home values and a high value-to-income ratio suggest a high-cost ownership market, which typically supports retention and leasing for well-managed multifamily. According to CRE market data from WDSuite, restaurant and café density is competitive locally, while limited nearby parks and pharmacies may require amenity strategy on-site to maintain appeal.
Demographics within 3 miles indicate recent population and household growth with additional gains projected, pointing to a larger tenant base over time. Income trends are rising, which can support absorption of renovated units. Offsetting considerations include below-average national safety percentiles and rent-to-income readings that call for thoughtful pricing and renewal management.
- Durable renter base: mid-90s occupancy and high renter concentration support leasing stability.
- Value-add potential: 1972 construction positions renovations to capture rent premiums versus older stock.
- Demand drivers: elevated ownership costs and rising incomes reinforce reliance on multifamily.
- Location fundamentals: strong restaurant/café density and metro access aid tenant retention.
- Risks: below-national safety percentiles and affordability pressure require disciplined pricing and management.