| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 L Ave, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 2000 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2101 L Ave National City Multifamily Investment
This 80-unit property built in 2000 sits in a neighborhood with 93.9% occupancy and strong renter demand, with 58.8% of housing units renter-occupied according to CRE market data from WDSuite.
National City's Urban Core neighborhood demonstrates solid fundamentals for multifamily investors. The area maintains 93.9% occupancy, performing in the 65th percentile nationally, while the high renter concentration at 58.8% of housing units ranks in the top quartile among San Diego metro neighborhoods. Median contract rents of $1,423 reflect affordability relative to the broader San Diego market.
Demographics within a 3-mile radius show a stable tenant base with 177,224 residents and median household income of $69,742. The area's household composition favors multifamily demand, with average household size of 3.4 and 60.9% of housing units renter-occupied. Five-year projections indicate continued household growth of 33.4%, expanding the potential renter pool and supporting occupancy fundamentals.
The neighborhood offers strong amenity access with 6.1 grocery stores per square mile, ranking in the 97th percentile nationally, and 1.52 parks per square mile. However, investors should note the area's below-average school ratings of 1.5 out of 5 and elevated property crime rates. The 2000 construction year aligns with neighborhood averages, suggesting manageable near-term capital expenditure needs while providing potential value-add opportunities through unit upgrades.
Safety metrics present mixed signals that warrant careful consideration. The neighborhood ranks 547th among 621 San Diego metro neighborhoods for overall crime, placing it in the 20th percentile nationally. Property crime rates of 1,753 incidents per 100,000 residents rank in the bottom quartile regionally, with a concerning 34.6% year-over-year increase.
Violent crime rates of 411 per 100,000 residents also trend above metro averages, ranking in the 11th percentile nationally. Investors should factor these safety considerations into tenant screening processes, security investments, and insurance planning while monitoring local crime trends and community safety initiatives.
The property benefits from proximity to major San Diego employers, providing workforce housing opportunities for regional commuters.
- Sempra Energy — utilities (4.9 miles)
- Wells Fargo ATM — financial services (5.4 miles)
- Sempra Energy — utilities (5.6 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (11.0 miles)
- Qualcomm — technology (17.0 miles) — HQ
This 80-unit National City property offers exposure to San Diego's rental market fundamentals through a stable Urban Core location with strong occupancy metrics. The neighborhood's 93.9% occupancy rate and high renter concentration of 58.8% provide a foundation for consistent cash flows, while projected household growth of 33.4% over five years supports long-term demand expansion according to multifamily property research from WDSuite.
The 2000 construction vintage positions the asset for potential value creation through strategic improvements while avoiding the heavy capital requirements of older properties. However, investors must weigh safety considerations and below-average school ratings against the property's occupancy stability and proximity to major San Diego employers including Sempra Energy headquarters and Qualcomm facilities.
- Strong occupancy fundamentals with 93.9% neighborhood rate and high renter demand
- Projected 33.4% household growth supporting tenant base expansion
- 2000 construction provides value-add potential with manageable capital needs
- Proximity to major employers including Sempra Energy and Qualcomm headquarters
- Risk consideration: elevated crime rates require enhanced security planning and tenant screening