| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 43rd | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12606 Lakeshore Dr, Lakeside, CA, 92040, US |
| Region / Metro | Lakeside |
| Year of Construction | 1979 |
| Units | 34 |
| Transaction Date | 2021-01-27 |
| Transaction Price | $5,610,000 |
| Buyer | VILLA LAKESHORE 2020 LP |
| Seller | METROPOLITAN AREA ADVISORY COMMITTEE ON |
12606 Lakeshore Dr Lakeside Multifamily Opportunity
Neighborhood occupancy is in the mid-90s, supporting steady cash flow potential according to WDSuite’s CRE market data. Renter demand is reinforced by a high renter-occupied share in the immediate area and a high-cost ownership market across San Diego County.
Located in Lakeside within the San Diego metro, the property sits in an Inner Suburb neighborhood rated B and ranked 247 out of 621 — above the metro median. Amenity access is competitive, landing in the top quartile among 621 metro neighborhoods; groceries, parks, and pharmacies score well on national percentiles, while the cafe scene is limited.
Multifamily fundamentals are steady. Neighborhood occupancy is above national medians (64th percentile nationally) even if it trails the metro median, and five-year rent trends have been constructive. The share of renter-occupied housing units is elevated at 58.3%, signaling a deep tenant base and consistent leasing velocity for workforce-oriented product.
Within a 3-mile radius, demographics point to a stable base with forecast growth through 2028. Households are projected to increase, supporting a larger tenant base, occupancy stability, and ongoing demand for rental units. Income trends are rising, and the rent-to-income profile indicates moderate affordability pressure — favorable for lease retention and revenue management.
Ownership costs benchmark high versus many U.S. markets (home values in higher national percentiles), which tends to sustain renter reliance on multifamily housing and supports pricing power. School ratings sit near the national midpoint but are competitive among San Diego neighborhoods, which can aid family-oriented leasing. Built in 1976, the asset is slightly older than the area’s average vintage; investors should plan for targeted capital expenditures that can also unlock value-add upside and sharpen competitive positioning.
Safety indicators are mixed relative to peers. The neighborhood ranks 401 out of 621 within the San Diego metro on crime, indicating performance below the metro median for safety. Nationally, overall and property offense metrics fall in lower percentiles, implying higher incident rates than many U.S. neighborhoods.
Trend-wise, violent offense estimates show year-over-year improvement, placing the area above the national midpoint for momentum. Underwriting typically accounts for active on-site management and visibility measures to support leasing and retention in submarkets with uneven safety readings.
Nearby anchors in food distribution, aerospace/defense, technology, biotech, and utilities provide a diverse employment base that supports commuter convenience and helps stabilize renter demand.
- Sysco — food distribution (9.4 miles)
- L-3 Telemetry & RF Products — defense & aerospace offices (12.8 miles)
- Qualcomm — technology (16.3 miles) — HQ
- Celgene Corporation — biotech (17.2 miles)
- Sempra Energy — utilities (17.2 miles) — HQ
This 34-unit asset pairs steady renter demand with relative accessibility to daily amenities in an Inner Suburb of the San Diego metro. Neighborhood occupancy trends are above national medians, and the renter-occupied share (58.3%) indicates depth in the tenant base. Within a 3-mile radius, forecasts point to population growth and a notable increase in households through 2028, which supports occupancy stability and leasing durability. Built in 1976, the property may benefit from targeted renovations and systems upgrades to capture value-add upside and sharpen competitive position versus newer supply.
Elevated ownership costs versus national norms reinforce reliance on rental housing, aiding pricing power and renewal performance; the rent-to-income profile suggests manageable affordability pressure for typical renters. According to CRE market data from WDSuite, amenity access is competitive in the metro, which helps support livability and tenant retention even as safety readings warrant attentive property management.
- High renter concentration and above-national occupancy support demand depth and leasing stability
- 3-mile forecasts show household growth through 2028, expanding the renter pool
- 1976 vintage offers value-add potential via targeted interior and systems updates
- Elevated ownership costs sustain rental reliance, supporting pricing power
- Risk: safety metrics trail metro medians; proactive management and visibility are important