| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 33rd | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1831 E 18th St, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 2000 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1831 E 18th St, National City Multifamily Investment
Renter demand is supported by a high neighborhood share of renter-occupied units and occupancy that trends above national norms, according to WDSuite s CRE market data. The property s South Bay location offers access to employment centers while maintaining competitive positioning versus older nearby stock.
Located in National City within the San Diego-Chula Vista-Carlsbad metro, the neighborhood posts a C rating and sits 478th out of 621 metro neighborhoods. For investors, the area is competitive on several fundamentals: neighborhood occupancy is in the upper-third nationally, and average NOI per unit benchmarks in the top quartile, based on CRE market data from WDSuite.
Amenity access skews practical rather than lifestyle-oriented. Grocery options are dense (98th percentile nationally), and restaurants are plentiful (91st percentile), supporting daily convenience and resident retention. By contrast, the neighborhood shows limited presence of cafes, parks, childcare, and pharmacies, which may temper lifestyle appeal for some cohorts but can align with workforce housing demand.
Tenure patterns indicate depth in the renter base: renter-occupied share is elevated within the neighborhood, signaling a broad pool of prospective tenants and supporting leasing velocity for multifamily assets. Median contract rents are higher than many U.S. neighborhoods, while home values also rank high nationally; this high-cost ownership market tends to sustain reliance on rental housing, reinforcing demand and potential pricing power.
Vintage context: the property s 2000 construction is newer than the neighborhood s average vintage (1987). That relative recency can provide competitive positioning versus older stock, though investors should still plan for ongoing system upgrades and modernization to meet current renter expectations.
Demographic indicators aggregated within a 3-mile radius show modest population softening alongside growth in households and rising incomes over recent periods, with further household gains projected. This shift toward more households, coupled with slightly smaller household sizes, supports a larger tenant base and can underpin occupancy stability over the medium term.
Safety trends are mixed when compared across geographies. The neighborhood s overall crime rank places it around the metro middle (318th of 621), while national comparisons indicate below-average safety levels (crime metrics track around the lower third of U.S. neighborhoods). Property offenses sit closer to the national middle, and violent offense indicators trend weaker than national norms.
For underwriting, this suggests emphasis on proven security measures, strong on-site management, and lighting/visibility upgrades to support resident confidence and lease retention, while pricing and marketing should reflect the area s urban-core profile rather than suburban benchmarks.
Proximity to regional employers supports commuter convenience and a stable renter pool, notably in energy utilities, defense/aerospace, biotech, and technology the same industries listed below.
- Sempra Energy energy utility (4.9 miles)
- Sempra Energy energy utility (5.6 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace (10.7 miles)
- Celgene Corporation biotechnology (16.4 miles)
- Qualcomm technology (16.8 miles) HQ
1831 E 18th St combines a renter-heavy neighborhood with occupancy that trends above national norms, supporting income durability. The asset s 2000 construction is newer than the local average, offering relative competitiveness versus older stock, while prudent capital planning for modernization can capture value-add potential. Elevated home values in the area tend to sustain rental demand, and grocery/restaurant density bolsters day-to-day livability that helps retention, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, households have been increasing and are projected to continue rising even as average household size declines, indicating a larger tenant base over time. Investors should underwrite to the neighborhood s urban-core safety profile and manage rent-to-income affordability to support renewals and limit turnover risk.
- Renter-heavy neighborhood and above-national occupancy support leasing stability
- 2000 vintage offers competitive positioning with scope for targeted upgrades
- Elevated ownership costs reinforce reliance on multifamily housing and pricing power
- Dense grocery and restaurant access aids daily convenience and retention
- Risks: urban-core safety considerations and affordability pressure warrant active management