| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 45th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11719 Woodside Ave, Lakeside, CA, 92040, US |
| Region / Metro | Lakeside |
| Year of Construction | 2010 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11719 Woodside Ave, Lakeside CA Multifamily Investment
Neighborhood occupancy is notably strong and supports stable leasing dynamics for this Lakeside asset, according to WDSuite’s CRE market data. The investment case centers on reliable renter demand at the neighborhood level rather than on-site operations.
Located in Lakeside within the San Diego metro, the neighborhood is rated C- (ranked 551 among 621 metro neighborhoods), signaling an inner-suburban setting with mixed fundamentals. While immediate retail and daily amenities are limited within the neighborhood, residents typically tap nearby corridors for shopping and services.
Rents in the neighborhood benchmark on the higher side for the region, and neighborhood occupancy trends are exceptionally tight (measured for the neighborhood, not the property), which supports pricing power and lease retention in typical market conditions. Housing quality indicators sit in the top quartile nationally, suggesting the area competes well versus many U.S. neighborhoods even if local amenity density is lighter.
Within a 3-mile radius, demographics point to population growth and an increase in households, expanding the tenant base for multifamily over time. The renter-occupied share at the neighborhood level is in the higher range for the nation, indicating a meaningful depth of renter demand that can aid absorption and occupancy stability for comparable assets.
Schools average around mid-level performance and are competitive among San Diego neighborhoods (ranked 165 of 621), which can support family-oriented renter demand. Elevated home values relative to incomes in the neighborhood reinforce reliance on rental options, which can underpin retention and reduce move-outs to ownership during typical cycles.
Safety indicators for the neighborhood are mixed compared with broader benchmarks. Based on metro rankings where lower ranks indicate higher crime, the area trends less favorable than many San Diego neighborhoods. Nationally, overall safety levels sit below the midpoint, but recent trends show momentum: violent-offense rates have improved over the past year, placing the neighborhood s improvement in a stronger tier versus many areas nationwide, and property-offense rates have also eased modestly.
For investors, this points to prudent operational planning: prioritize visible security measures, lighting, and resident communication, and underwrite with conservative assumptions while monitoring the recent improvement trajectory.
Employment access is supported by nearby corporate nodes that draw a diverse workforce, which can aid leasing and retention for workforce-oriented apartments. Key drivers include foodservice distribution, defense & aerospace, wireless technology, energy infrastructure, and biopharma.
- Sysco — foodservice distribution (8.7 miles)
- L-3 Telemetry & RF Products — defense & aerospace (11.6 miles)
- Qualcomm — wireless technology (15.2 miles) — HQ
- Sempra Energy — energy infrastructure (16.0 miles) — HQ
- Celgene Corporation — biopharma (16.0 miles)
Built in 2010 with 80 units, the property is newer than the neighborhood s average vintage and should compare favorably to older stock in leasing and renter appeal. Neighborhood occupancy trends are extremely tight (measured for the neighborhood, not the property), and elevated ownership costs in the area support sustained reliance on rental housing, aiding retention. According to CRE market data from WDSuite, the broader neighborhood skews renter-friendly and sits in a stronger national tier for housing quality, offsetting lighter amenity density.
Within a 3-mile radius, population growth and an increase in households point to a larger tenant base over the next several years, supporting occupancy stability. While rent-to-income levels suggest some affordability pressure that warrants active lease management, the property s more recent vintage offers a competitive position; investors should still plan for selective modernization and systems upkeep to maintain standing versus newer deliveries.
- Newer 2010 construction relative to local stock supports competitive positioning and renter appeal
- Tight neighborhood occupancy and a meaningful renter-occupied share support leasing stability
- 3-mile radius shows population and household growth, expanding the tenant base over time
- Elevated ownership costs reinforce multifamily demand and can aid retention
- Risks: lighter amenity density and below-median safety metrics call for proactive operations and underwriting discipline