| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 64th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7883 La Mesa Blvd, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 1978 |
| Units | 21 |
| Transaction Date | 2007-01-04 |
| Transaction Price | $2,205,000 |
| Buyer | ROSCIZEWSKI JAN J |
| Seller | BARNUM LEWIS |
7883 La Mesa Blvd Multifamily Investment, La Mesa CA
Neighborhood fundamentals point to durable renter demand and high occupancy stability, according to WDSuite s CRE market data, with La Mesa s inner-suburb location supporting consistent leasing performance.
La Mesa s inner-suburban setting offers strong day-to-day convenience that supports renter retention. Amenities index in the top national tiers, with restaurants, cafes, groceries, pharmacies, and parks all testing well above national percentiles (e.g., restaurants and pharmacies are especially dense), according to CRE market data from WDSuite. These proximity advantages tend to reduce friction in leasing and support occupancy durability at the neighborhood level.
The neighborhood posts an A rating and ranks 33rd among 621 San Diego Chula Vista Carlsbad neighborhoods, making it competitive within the metro. Neighborhood occupancy is high and has strengthened over five years, reinforcing a stable backdrop for smaller assets. The renter-occupied share of housing units in the neighborhood is elevated, indicating a deep tenant base for multifamily product rather than a primarily owner-occupied landscape.
Within a 3-mile radius, demographics show modest population growth and an increase in households, with projections pointing to further renter pool expansion. Rising household incomes in the radius and sustained rent growth expectations suggest continued support for rent rolls, though investors should underwrite thoughtfully to household affordability and retention dynamics.
Vintage considerations matter here. The average neighborhood construction year is mid-1970s; this 1978 property is slightly newer than that norm, which can be competitively helpful versus older stock, while still warranting capital planning for aging systems and selective modernization to meet current renter preferences.
Safety indicators are mixed when compared nationally. Overall safety sits below national averages, with violent offense measures positioned in lower national percentiles; however, estimated property offenses have declined year over year, signaling some recent improvement in that category. Investors should incorporate these trends into leasing expectations, insurance assumptions, and operational planning, while weighing the neighborhood s amenity strength and occupancy stability.
Nearby employers span defense and aerospace, energy, foodservice distribution, wireless technology, and biotech a diversified base that supports workforce housing demand and commute convenience for renters. The list below focuses on L-3 Telemetry & RF Products, Sempra Energy, Sysco, Qualcomm, and Celgene.
- L-3 Telemetry & RF Products defense & aerospace (7.3 miles)
- Sempra Energy energy & utilities (8.5 miles) HQ
- Sysco foodservice distribution (11.8 miles)
- Qualcomm wireless & semiconductor (13.3 miles) HQ
- Celgene Corporation biotechnology (13.5 miles)
7883 La Mesa Blvd is a 21-unit, 1978-vintage asset positioned in a high-amenity inner suburb where neighborhood occupancy remains strong and the renter-occupied share is elevated. Based on CRE market data from WDSuite, the location is competitive among San Diego metro neighborhoods and benefits from dense retail and services that support day-to-day convenience and leasing stability. High home values in the area point to a high-cost ownership market, which typically sustains reliance on multifamily housing and can support pricing power when managed with attention to retention.
Within a 3-mile radius, recent increases in households and income growth trends, alongside projections for further growth, indicate a larger tenant base over time. The 1978 vintage is slightly newer than the local 1970s average, providing a relative edge versus older stock while still calling for ongoing capital planning and targeted renovations to remain competitive. Key risks include managing affordability pressure and monitoring safety trends even as property offenses show recent improvement.
- Competitive inner-suburb location with strong neighborhood occupancy supporting leasing stability
- Elevated renter-occupied share indicates depth of tenant base for multifamily units
- High-amenity environment and high-cost ownership market reinforce rental demand and potential pricing power
- Slightly newer 1978 vintage vs. local 1970s average; value-add via selective modernization and systems upgrades
- Risks: manage rent-to-income affordability and monitor safety metrics despite recent property offense improvement