| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 43rd | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9718 Channel Rd, Lakeside, CA, 92040, US |
| Region / Metro | Lakeside |
| Year of Construction | 2000 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | $172,000 |
| Buyer | DUBBS DUANE K II SUSAN A |
| Seller | --- |
9718 Channel Road Lakeside Multifamily Investment
This 44-unit property built in 2000 operates in a neighborhood ranking in the top quartile nationally for rental share at 93rd percentile. Neighborhood-level occupancy maintains 93.9% stability, according to CRE market data from WDSuite.
The Lakeside neighborhood ranks 247th among 621 San Diego metro neighborhoods with a B rating, supported by strong rental fundamentals. With 58.3% of housing units renter-occupied, the area ranks in the 93rd percentile nationally for rental share, indicating deep tenant demand. Neighborhood-level occupancy holds at 93.9%, providing operational stability for multifamily investors.
Demographics within a 3-mile radius show 72,007 residents with median household income of $99,963, positioning the area for workforce housing demand. Population growth of 2.8% over five years supports expanding renter pools, while projected household formation through 2028 anticipates 34.4% growth in total households, strengthening the tenant base for existing properties.
The property's 2000 construction year aligns with the neighborhood's 1981 average, suggesting manageable capital expenditure planning without immediate major renovations. Median contract rents of $1,799 in the 3-mile area reflect attainable pricing, while home values averaging $517,752 reinforce rental demand as elevated ownership costs keep households in the multifamily market longer.
Local amenities support tenant retention with 1.88 grocery stores per square mile ranking in the 82nd percentile nationally, plus 1.26 parks per square mile in the 88th percentile. The inner suburb classification provides suburban appeal while maintaining rental density, though average school ratings of 2.5 out of 5 may limit appeal to families with school-age children.
Crime metrics rank 401st among 621 San Diego metro neighborhoods, placing safety indicators below metro median. Property offense rates estimated at 2,529 per 100,000 residents rank in the 8th percentile nationally, while violent crime rates of 726 per 100,000 rank in the 6th percentile nationwide, indicating elevated crime levels compared to national averages.
Trend data shows property crime increasing 5.6% year-over-year, though violent crime declined 9.3% over the same period. Investors should factor security considerations into operating budgets and tenant screening protocols, while monitoring local law enforcement initiatives that may influence future safety trends in the submarket.
Major corporate employers within commuting distance provide workforce housing demand, led by technology and logistics operations. Sysco's distribution operations and Qualcomm's multiple San Diego facilities anchor the regional employment base.
- Sysco — logistics and distribution (9.3 miles)
- L-3 Telemetry & RF Products — defense and aerospace (12.4 miles)
- Qualcomm — technology and telecommunications (15.9 miles)
- Qualcomm — technology headquarters (16.0 miles) — HQ
- Sempra Energy — utilities headquarters (16.7 miles) — HQ
This 44-unit Lakeside property capitalizes on strong rental fundamentals in a neighborhood ranking 93rd percentile nationally for renter occupancy. Built in 2000, the asset requires manageable capital planning while benefiting from household growth projections of 34.4% through 2028, expanding the potential tenant base. Neighborhood-level occupancy stability at 93.9% and median rents of $1,799 support consistent cash flows, while elevated home values reinforce rental demand as ownership costs keep residents in multifamily housing longer.
The San Diego submarket benefits from proximity to major employers including Qualcomm and Sempra Energy headquarters, supporting workforce housing demand. However, multifamily property research indicates crime metrics below metro median and rising property offense rates require active security management and may impact tenant retention in competitive lease-up scenarios.
- Strong rental fundamentals with 93rd percentile national ranking for renter share
- Stable neighborhood occupancy at 93.9% supporting consistent operations
- Projected 34.4% household growth through 2028 expanding tenant base
- Year 2000 construction allows manageable capital expenditure planning
- Risk consideration: Crime metrics below metro median require active security management