| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 33rd | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1609 E 18th St, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 2000 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1609 E 18th St National City Multifamily Investment
Neighborhood occupancy trends in the mid-90s and a high share of renter-occupied units point to a deep tenant base and steady leasing, according to WDSuite’s CRE market data.
Located in National City within the San Diego metro, the asset benefits from Urban Core fundamentals that support multifamily demand. Neighborhood occupancy is solid relative to national norms, and WDSuite indicates rents sit on the higher side for the area, which suggests pricing power when paired with thoughtful lease management.
Everyday convenience is a strength: grocery access scores near the top of the metro landscape, while restaurants are comparatively dense. By contrast, parks, pharmacies, and cafes are less concentrated locally, so investors should underwrite with an emphasis on daily-needs walkability rather than green-space or cafe-driven appeal.
The property’s 2000 construction is newer than the neighborhood’s average vintage from the late 1980s, offering relative competitiveness versus older stock; investors should still plan for ongoing system updates and light modernization as part of long-term capital planning.
Renter concentration is very high at the neighborhood level (share of housing units that are renter-occupied), which deepens the tenant pool and can support occupancy stability. High median home values locally indicate a high-cost ownership market, reinforcing reliance on rental housing and aiding retention for well-managed properties.
Demographic figures aggregated within a 3-mile radius show a slight population dip in recent years but growth in household counts historically and into the forecast period, implying smaller household sizes and a broader set of households. This dynamic can expand the renter pool and support sustained multifamily demand, based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety; within the San Diego–Chula Vista–Carlsbad metro, its crime rank places it around the metro median out of 621 neighborhoods. This suggests investors should budget for standard security measures and resident communication, rather than assuming premium safety positioning.
Recent year trends show increases in both property and violent offense rates in the data. While these shifts do not preclude stable operations, they warrant prudent on-site management practices (lighting, access control) and underwriting that does not rely on improvement in short-term safety trends, according to WDSuite’s market figures.
Proximity to established employers supports workforce housing demand and commute convenience for residents, with energy, defense, life sciences, and technology anchors within a manageable radius.
- Sempra Energy — energy utility (4.9 miles)
- Sempra Energy — energy utility (5.5 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (10.7 miles)
- Celgene Corporation — life sciences (16.4 miles)
- Qualcomm — technology (16.7 miles) — HQ
This 32‑unit, 2000‑vintage asset in National City aligns with durable renter demand drivers: a renter-heavy neighborhood, solid occupancy, and proximity to major employment nodes. Newer-than-average construction versus the local stock can enhance competitive positioning, while elevated home values in the area tend to sustain reliance on rental housing and support retention for well-run communities.
Household counts within a 3‑mile radius have expanded historically and are expected to continue rising even as average household size trends lower, pointing to a broader tenant base and potential for steady lease-up. According to CRE market data from WDSuite, local rents benchmark toward the higher side, reinforcing the need for disciplined affordability and renewal strategies, but also supporting revenue performance when paired with targeted upgrades.
- Renter-heavy neighborhood and stable occupancy underpin demand and leasing visibility
- 2000 construction offers competitive positioning versus older local stock with manageable modernization plans
- High-cost ownership market supports retention and pricing power for well-managed units
- Growing household counts within 3 miles broaden the tenant base and support occupancy
- Risks: below-national safety positioning and affordability pressure warrant conservative underwriting and active onsite management