| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 50th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12133 Rockcrest Rd, Lakeside, CA, 92040, US |
| Region / Metro | Lakeside |
| Year of Construction | 1985 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | $2,445,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
12133 Rockcrest Rd, Lakeside CA — Multifamily Value-Add Potential
Neighborhood occupancy sits in the low 90s and ownership costs are elevated for the metro, supporting steady renter demand, according to CRE market data from WDSuite.
Lakeside functions as an inner-suburban pocket within the San Diego metro, offering a more residential setting with limited on-block retail. Amenity density in the immediate area is light, so residents typically rely on nearby corridors for daily needs, which can favor properties with on-site conveniences and parking.
At the neighborhood level, occupancy is around 93% with only a modest five‑year change, based on WDSuite’s CRE market data. This indicates generally stable leasing conditions rather than rapid swings. The neighborhood’s renter concentration is modest, while the 3‑mile radius shows roughly 40% of housing units are renter‑occupied, which supports a meaningful tenant base without saturating supply.
Home values in the neighborhood benchmark high relative to national comparisons, while local rent-to-income metrics remain favorable. In practice, a high‑cost ownership market can reinforce reliance on rentals and support retention, while comparatively manageable rent burdens can aid collections and renewal probability.
Within a 3‑mile radius, demographics point to a growing renter pool: population and household counts have increased over the past five years and are projected to continue rising. This broader catchment expansion can translate into deeper tenant demand and support occupancy stability over a longer hold.
School quality indicators trail national medians, and neighborhood amenity rankings are lower than many San Diego peers. For investors, this tilts the positioning toward workforce renters and value-focused households, making property operations, on-site services, and unit finishes important competitive levers.
Safety indicators for this neighborhood track below national benchmarks and place it in the lower half among 621 San Diego metro neighborhoods. While property and violent offense rates are comparatively elevated versus U.S. neighborhoods overall, recent trend data shows violent incidents moving lower year over year, according to WDSuite’s CRE market data.
For underwriting, investors typically account for higher security and lighting standards, controlled access, and tenant screening. Monitoring trend direction is useful: improvement in violent offense indicators can support leasing stability, but elevated property crime suggests continued attention to site management and loss‑prevention measures.
The employment base within a commutable radius blends foodservice distribution, defense & aerospace, wireless technology, and utilities — a mix that supports workforce renter demand and can aid retention due to commute convenience.
- Sysco — foodservice distribution (9.5 miles)
- L-3 Telemetry & RF Products — defense & aerospace (12.0 miles)
- Qualcomm — wireless technology (15.8 miles) — HQ
- Sempra Energy — utilities (16.1 miles) — HQ
12133 Rockcrest Rd is a 60‑unit, 1985‑vintage asset in an inner‑suburban San Diego location where neighborhood occupancy trends near the low 90s and ownership costs are high relative to national benchmarks. The vintage implies near‑term and ongoing capital planning, but also creates clear value‑add angles through unit renovations and operational upgrades that can sharpen competitive positioning versus newer stock.
Within a 3‑mile radius, population and household counts have been growing and are projected to continue expanding, which supports a larger tenant base over time. Combined with a favorable rent‑to‑income backdrop and a modest but durable renter concentration, demand signals point to steady leasing potential, according to CRE market data from WDSuite. Key watch‑items include below‑average school ratings, limited immediate amenities, and safety metrics that warrant robust site management.
- 1985 vintage creates value‑add opportunity alongside prudent CapEx planning
- Stable neighborhood occupancy in the low 90s supports income durability
- High ownership costs reinforce renter reliance; rent-to-income remains manageable
- 3‑mile growth in population and households expands the tenant base
- Risks: lower amenity density, below‑median school ratings, and safety metrics require strong operations