| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 43rd | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12345 Lakeshore Dr, Lakeside, CA, 92040, US |
| Region / Metro | Lakeside |
| Year of Construction | 1992 |
| Units | 28 |
| Transaction Date | 1998-05-06 |
| Transaction Price | $1,267,500 |
| Buyer | SHORELINE INVESTMENTS LLC |
| Seller | LAKESHORE TERRACE LIMITED PARTNERSHIP |
12345 Lakeshore Dr, Lakeside CA Multifamily Investment
According to WDSuite’s CRE market data, neighborhood occupancy trends and a high renter-occupied share suggest steady leasing fundamentals for a 28-unit asset in Lakeside, supporting income stability relative to broader metro patterns.
This Inner Suburb location carries a B neighborhood rating and ranks 247 out of 621 within the San Diego–Chula Vista–Carlsbad metro, making it competitive among San Diego–Chula Vista–Carlsbad neighborhoods. Nearby amenities are a mixed picture: parks, groceries, and pharmacies score in higher national percentiles, while cafes are sparse. Average school ratings sit near the national middle, which points to mainstream demand drivers rather than a niche premium segment.
For renters, the area shows solid demand signals. Neighborhood occupancy is above the national median and the share of housing units that are renter-occupied is elevated (high national percentile), indicating a deep tenant base that can support leasing velocity and retention. Rent-to-income ratios trend on the lower side nationally, which can reduce affordability pressure and help stabilize turnover. Home values sit in higher national percentiles and value-to-income ratios are elevated, a high-cost ownership environment that tends to sustain reliance on multifamily rentals and can bolster pricing power for well-managed assets.
Within a 3-mile radius, demographics point to gradual population growth in recent years with forecasts calling for further population and household expansion, implying a larger tenant base ahead. Rising household incomes in the same radius strengthen renter purchasing power and may support rent growth without overextending affordability. These factors, based on CRE market data from WDSuite, suggest demand resilience relative to many suburban submarkets.
Vintage matters for competitiveness. The property’s 1992 construction is newer than the neighborhood’s average vintage (early 1980s), indicating relative appeal versus older stock. Investors should still underwrite for system modernization and cosmetic upgrades where needed to sustain positioning against ongoing deliveries across the metro.
Safety indicators are mixed and should be evaluated with care. Compared with neighborhoods nationwide, available crime metrics benchmark toward the lower national percentiles (less safe), and the area ranks 401 out of 621 metro neighborhoods, which is below the metro median. At the same time, recent trends show improvement in violent offenses with a year-over-year decline, signaling some positive momentum. These figures reflect neighborhood-level conditions rather than the property itself and are best considered alongside operational measures such as lighting, access control, and resident screening.
The employment base within commuting range is diverse, pairing logistics, defense technology, biotech, and utilities. These employers support renter demand through stable headcounts and commute convenience for workforce and professional tenants.
- Sysco — food distribution (9.2 miles)
- L-3 Telemetry & RF Products — defense & aerospace (12.5 miles)
- Qualcomm — wireless & semiconductors (15.98 miles) — HQ
- Celgene Corporation — biotechnology (16.9 miles)
- Sempra Energy — utilities (16.9 miles) — HQ
Positioned in a competitive Inner Suburb of the San Diego–Chula Vista–Carlsbad metro, 12345 Lakeshore Dr benefits from neighborhood occupancy above national medians and a high renter-occupied share, indicating depth in the tenant pool and support for leasing stability. Elevated home values and value-to-income ratios signal a high-cost ownership market that tends to sustain multifamily demand, while lower rent-to-income ratios point to manageable affordability pressure and potential for steadier retention.
Built in 1992, the asset is newer than the area’s average vintage, offering relative competitiveness versus older stock with potential value-add through targeted modernization. Within a 3-mile radius, recent population growth and forecasts for additional population and household expansion suggest a larger tenant base ahead. According to commercial real estate analysis from WDSuite, these dynamics align with resilient income performance relative to many suburban comparables, though operators should plan for safety-conscious asset management and selective capital improvements.
- Occupancy and high renter-occupied share support stable leasing and retention
- High-cost ownership market reinforces multifamily demand and pricing power
- 1992 vintage offers competitive positioning with targeted value-add potential
- 3-mile radius shows growth in population and households, expanding the tenant base
- Risks: neighborhood crime benchmarks below national percentiles and mid-tier schools warrant proactive management