| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 33rd | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1809 E 17th St, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | 2016-09-21 |
| Transaction Price | $3,200,000 |
| Buyer | SUNNY VIEW APARTMENTS LLC |
| Seller | SAN DIEGO COUNTY VENTURES LLC |
1809 E 17th St, National City Multifamily Investment
Renter demand is deep in this Urban Core pocket, with neighborhood occupancy steady and a very high share of renter-occupied units, according to WDSuite’s CRE market data.
Located in the San Diego–Chula Vista–Carlsbad metro, the neighborhood surrounding 1809 E 17th St shows durable renter fundamentals. Neighborhood occupancy is in the top third nationally, supporting leasing stability for small and mid-size multifamily. Renter-occupied housing accounts for a very high share of units (competitive at the top of the metro distribution), indicating a large resident base that relies on multifamily product for housing needs.
Daily needs are well-served: grocery access ranks near the top among 621 metro neighborhoods and sits in the top percentile ranges nationwide. Restaurant density is also competitive, while parks, pharmacies, childcare, and cafes are comparatively limited within the immediate neighborhood — a factor to consider for resident experience and positioning.
Home values in the area are elevated relative to most U.S. neighborhoods, which generally sustains reliance on rental housing and can support pricing power when managed carefully. At the same time, a rent-to-income profile near 30% suggests potential affordability pressure for certain cohorts, reinforcing the importance of measured rent growth and proactive renewal strategies.
Within a 3-mile radius, demographics point to a stable-to-evolving renter pool: households have grown recently and are projected to increase further even as overall population modestly contracts, implying smaller household sizes and more households entering the market. This dynamic can broaden the tenant base and support occupancy for well-maintained workforce units; median incomes have also trended upward, which can aid rent collections and retention for quality assets. Vintage matters here: the property’s 1973 construction is older than the neighborhood average (1987), creating potential value-add and capital planning opportunities to modernize unit finishes and key systems to stay competitive against newer stock.
Safety indicators in this neighborhood track below national medians, with violent and property offense rates comparing less favorably to many U.S. neighborhoods. Within the San Diego–Chula Vista–Carlsbad metro’s 621 neighborhoods, this submarket is not among the top-performing cohorts on safety, and recent year-over-year changes point to some uptick in reported incidents. Investors typically account for this with practical measures — lighting, access controls, and community standards — and by positioning to value-conscious renters who prioritize commute and price over premium safety profiles.
Proximity to major employers supports a broad workforce renter base and commute convenience, notably in energy infrastructure, defense & aerospace, biotechnology, and technology.
- Sempra Energy — energy infrastructure (4.9 miles)
- L-3 Telemetry & RF Products — defense & aerospace (10.7 miles)
- Celgene Corporation — biotechnology (16.3 miles)
- Qualcomm — technology (16.7 miles) — HQ
- Sysco — foodservice distribution (18.2 miles)
This 20-unit, 1973-vintage asset offers a straightforward value-add path in a renter-heavy pocket of National City. Neighborhood occupancy is solidly above many U.S. areas, and renter reliance is high, supporting depth of demand for well-managed workforce housing. Elevated for-sale housing costs locally tend to reinforce multifamily tenancy, while neighborhood-level NOI per unit performance ranks in upper national ranges, indicating operational potential for assets that are appropriately modernized.
Older construction compared with the neighborhood average (1987) points to near- to medium-term capital planning — addressing interiors, building systems, and curb appeal can improve competitive standing and support rent integrity. According to commercial real estate analysis from WDSuite, the surrounding area’s household counts are rising within a 3-mile radius even as population edges down, broadening the tenant base and supporting occupancy stability for practical unit mixes around the neighborhood’s rent bands.
- High renter concentration and solid neighborhood occupancy support leasing stability
- 1973 vintage offers clear value-add and systems modernization upside
- Elevated local home values sustain reliance on rental housing
- Strong grocery and restaurant access aids resident convenience and retention
- Risk: safety metrics track below national medians; align operations and pricing accordingly