| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 53rd | Fair |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9760 Marilla Dr, Lakeside, CA, 92040, US |
| Region / Metro | Lakeside |
| Year of Construction | 1974 |
| Units | 54 |
| Transaction Date | 2014-01-27 |
| Transaction Price | $5,000,000 |
| Buyer | J & J MANILA LLC |
| Seller | PACIFIC MAGNOLIA TERRACE SPE LLC |
9760 Marilla Dr Lakeside Multifamily Investment
Neighborhood indicators point to durable renter demand and near-full occupancy, according to WDSuite’s CRE market data. For investors, this inner-suburban San Diego location offers income stability backed by a sizable renter-occupied housing share and strong local employment access.
Situated in Lakeside within the San Diego-Chula Vista-Carlsbad metro, this neighborhood carries a B rating and functions as an inner suburb with steady renter demand. Neighborhood occupancy ranks in the top quartile among 621 metro neighborhoods, signaling stronger stability versus many submarkets and supporting consistent cash flow at comparable assets. Note that these stability metrics reflect the neighborhood, not the specific property.
Local amenities are mixed. Grocery access and family services score well by national comparison, with grocery availability and childcare concentration outpacing typical U.S. neighborhoods. Dining options are reasonably available, while cafes, parks, and pharmacies are comparatively sparse—an operational consideration for marketing and tenant retention strategies. Average school rating data is not available in this dataset.
Housing and income patterns are supportive. Elevated home values in the neighborhood relative to national norms indicate a high-cost ownership market, which can reinforce reliance on rental housing and sustain depth of the tenant base. Meanwhile, rent-to-income levels track at investor-manageable ranges locally, which can aid lease retention and reduce turnover risk.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with additional gains projected over the next five years. For multifamily investors, a growing household count and rising incomes suggest a larger tenant base over time, helping support occupancy stability and measured rent growth at well-positioned assets.
Vintage and positioning: Built in 1974, the asset is older than the neighborhood’s average construction vintage. This typically implies capital planning for systems, exterior improvements, and interiors, but also creates potential value-add pathways to improve competitive positioning versus newer product.
Safety trends are mixed and should be evaluated alongside property-level measures. Within the San Diego metro, the neighborhood’s crime rank places it competitive among 621 metro neighborhoods, but national comparisons indicate lower safety percentiles. Property-related incidents have declined year over year, which is a constructive directional signal; however, violent offense measures remain below national averages. Investors may wish to underwrite enhanced lighting, access controls, and tenant engagement as part of a risk-managed plan.
The employment base nearby spans foodservice distribution, defense and aerospace, wireless technology, biopharma, and utilities—supporting commuter convenience and diversified renter demand for workforce and professional households.
- Sysco — foodservice distribution (8.6 miles)
- L-3 Telemetry & RF Products — defense & aerospace (11.5 miles)
- Qualcomm — wireless technology (15.1 miles) — HQ
- Celgene Corporation — biopharma (15.9 miles)
- Sempra Energy — utilities (15.9 miles) — HQ
The investment case centers on strong neighborhood occupancy, a solid renter-occupied housing share, and an employment base that supports steady leasing. Elevated for-sale home values relative to national benchmarks reinforce the appeal of multifamily living in this inner-suburban pocket, while rent-to-income dynamics appear manageable for ongoing retention and collections. According to CRE market data from WDSuite, neighborhood occupancy trends outperform many metro peers, reinforcing the thesis for stable operations at comparable assets.
At the property level, the 1974 vintage suggests planning for systems and interior modernization, creating value-add levers to strengthen competitive positioning against newer stock. Demographic statistics within a 3-mile radius show population and household growth, pointing to a gradually expanding renter pool that can underpin long-term demand and pricing power when combined with targeted renovations and disciplined operations.
- Neighborhood occupancy outperforms many metro peers, supporting income stability
- High-cost ownership environment sustains multifamily demand and depth of tenant base
- 1974 vintage offers value-add opportunity via targeted system and interior upgrades
- 3-mile demographics show population and household growth, expanding the renter pool
- Risks: older building capital needs and uneven amenity/safety signals require prudent underwriting