| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 64th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7914 La Mesa Blvd, La Mesa, CA, 91942, US |
| Region / Metro | La Mesa |
| Year of Construction | 1973 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7914 La Mesa Blvd La Mesa Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and consistently high occupancy, according to WDSuite’s CRE market data. Amenity access and an inner-suburb location support leasing stability within the San Diego metro.
Neighborhood dynamics and livability
The property is positioned in La Mesa’s inner-suburb context of the San Diego–Chula Vista–Carlsbad metro, where the neighborhood holds an A rating and ranks 33 out of 621 — top quartile among metro neighborhoods based on WDSuite’s CRE market data. Amenity density is a strength: restaurants and cafes sit near the top of national distributions, with strong access to groceries, pharmacies, and parks that typically support leasing velocity and resident retention.
At the neighborhood level (not property-specific), occupancy is high and has trended upward over the past five years, indicating steady renter demand. The share of housing units that are renter-occupied is elevated, signaling a deep tenant base that can support absorption and renewals for well-managed assets.
Within a 3-mile radius, demographics show modest recent population growth with projections for more households over the next five years. A growing household count alongside gradually smaller average household sizes suggests a larger renter pool, which generally supports occupancy stability and leasing momentum.
Ownership remains a high-cost proposition in this part of San Diego County (home values rank in upper national percentiles), reinforcing reliance on multifamily rentals. While this backdrop can support pricing power for competitive units, rent-to-income levels point to thoughtful lease management and renewal strategies to maintain retention.
Vintage and asset positioning: Built in 1972, the asset is slightly older than the neighborhood average vintage. This often indicates value-add potential through targeted interior updates and building system improvements, balanced with capital planning for aging components.
Safety context
Compared with neighborhoods nationwide, the area trends below average on safety measures and sits in the lower half among 621 San Diego metro neighborhoods by rank. This framing is at the neighborhood level rather than the property, and investors should underwrite standard security measures typical of inner-suburb locations.
Recent neighborhood data indicate a notable year-over-year improvement in property-related offenses (a pace of improvement that is strong in national comparisons), while violent-offense comparisons remain weaker nationally. The directional trend is constructive, but underwriting should account for potential volatility and its implications for insurance and operating expenses.
Nearby employers span defense/aerospace, utilities, foodservice distribution, wireless technology, and biopharma — a mix that supports workforce housing demand and commute convenience for residents.
- L-3 Telemetry & RF Products — defense & aerospace (7.4 miles)
- Sempra Energy — utilities (8.6 miles) — HQ
- Sysco — foodservice distribution (11.9 miles)
- Qualcomm — wireless technology (13.3 miles) — HQ
- Celgene Corporation — biopharma (13.6 miles)
This 51-unit, 1972-vintage La Mesa asset aligns with strong neighborhood fundamentals: high occupancy at the neighborhood level, a sizable share of renter-occupied housing units, and top-tier amenity access. According to commercial real estate analysis from WDSuite, elevated ownership costs in the area sustain reliance on multifamily housing, supporting demand and potential pricing power for competitive units.
The vintage points to value-add opportunity through interior upgrades and selective system improvements, while 3-mile demographics indicate an expanding household base and a gradually larger renter pool over the next five years. Balanced underwriting should also consider neighborhood safety variability typical of inner suburbs and plan for ongoing capital needs given the asset’s age.
- Neighborhood occupancy remains elevated, supporting leasing stability
- High renter-occupied share indicates deep tenant demand
- High-cost ownership market reinforces reliance on rentals
- 1972 vintage offers value-add/renovation upside with prudent capex planning
- Risk: neighborhood safety metrics trail national benchmarks; underwrite security and insurance accordingly