| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1917 F Ave, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 2000 |
| Units | 84 |
| Transaction Date | 2024-11-27 |
| Transaction Price | $15,250,000 |
| Buyer | GRANADA TERRACE LLC |
| Seller | NATIONAL CITY PARTNERS LLC |
1917 F Ave National City Multifamily Investment
High renter concentration and a high-cost ownership market in the surrounding neighborhood point to durable apartment demand, according to WDSuite’s CRE market data. Neighborhood occupancy is steady near local norms, suggesting stable cash flow potential with disciplined operations.
The property’s National City location sits in an Urban Core neighborhood where day-to-day convenience is reasonable: restaurants and grocery options score above the metro median, while parks, pharmacies, and cafés are more limited. For investors, this mix supports everyday livability for residents but may leave room to enhance on-site amenities to differentiate during leasing.
The neighborhood’s renter-occupied share is in the top national percentiles, signaling a deep tenant base and resilient multifamily demand. Neighborhood occupancy is close to the metro middle of the pack, which indicates generally stable leasing conditions; well-executed management should be able to maintain performance through cycles.
Built in 2000, the asset is newer than the area’s average vintage (late 1960s), which helps competitive positioning against older stock. Investors should still plan for system renewals typical of a 2000s build to preserve curb appeal and operating efficiency.
Demographics are aggregated within a 3-mile radius: households have grown even as population trends are mixed, and forecasts point to further household expansion with slightly smaller average household sizes. This dynamic generally expands the renter pool and supports occupancy stability. Elevated home values relative to incomes at the neighborhood level reinforce reliance on multifamily housing, a theme consistent with multifamily property research across high-cost coastal metros.
Safety indicators for the neighborhood trend below both metro and national benchmarks. The neighborhood ranks 445 out of 621 metro neighborhoods on crime, placing it below the metro median for safety, and national percentiles indicate higher-than-average crime relative to U.S. neighborhoods.
Recent data show year-over-year increases in violent incidents alongside property crime levels that remain elevated versus national norms. Investors typically account for this with pragmatic measures such as lighting, access controls, and partnerships with local community resources, balancing resident experience with operating considerations.
Proximity to major employers supports workforce housing demand and commute convenience, led by energy, aerospace/defense, biotech, and technology anchors listed below.
- Sempra Energy — energy (4.6 miles)
- Sempra Energy — energy (5.3 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (10.9 miles)
- Celgene Corporation — biotech (16.4 miles)
- Qualcomm — technology (16.9 miles) — HQ
1917 F Ave is an 84-unit, 2000-vintage asset positioned in a renter-heavy National City neighborhood where elevated ownership costs sustain multifamily demand. Based on CRE market data from WDSuite, neighborhood occupancy sits around metro norms, suggesting stable operations with potential to outperform through focused asset management and selective upgrades. The asset’s newer vintage versus the area’s late-1960s average enhances competitiveness against older stock while leaving room for value-add through unit and building system refreshes.
Within a 3-mile radius, households have increased and are projected to expand further even as population growth is flat to slightly negative, implying smaller household sizes and a broader tenant base over time. High home values relative to incomes at the neighborhood level support lease retention and pricing power, while moderate rent-to-income dynamics point to manageable affordability pressure with thoughtful lease management, according to WDSuite’s commercial real estate analysis.
- Renter-heavy neighborhood supports a deep tenant base and consistent leasing velocity.
- 2000 construction offers competitive position versus older local stock with clear upgrade path.
- Household growth within 3 miles and elevated ownership costs support occupancy stability and retention.
- Neighborhood amenities favor groceries and dining; on-site enhancements can further differentiate.
- Risk: Safety metrics sit below metro and national averages; prudent security planning is advisable.