| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 33rd | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2111 E 7th St, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 1972 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2111 E 7th St National City Multifamily Investment
This 57-unit property in San Diego County benefits from strong renter demand with neighborhood-level occupancy at 94.6% and a substantial rental share of 79.4%. The area's high grocery store density and proximity to major employers support tenant retention in this urban core location.
National City offers a dense urban environment with strong fundamentals for multifamily investors. The neighborhood ranks in the top quartile among 621 San Diego metro neighborhoods for housing metrics, with occupancy rates above the metro median at 94.6%. The rental share of 79.4% ranks in the 99th percentile nationally, indicating a deeply established rental market that supports consistent demand.
Built in 1972, this property predates the neighborhood's average construction year of 1987, positioning it for potential value-add opportunities through targeted renovations and unit improvements. The area demonstrates solid rent growth fundamentals, with median contract rents reaching $1,601 and experiencing steady appreciation over the past five years.
Demographics within a 3-mile radius show a population of approximately 194,000 residents, with household income growth of 45.8% over five years reaching a median of $70,899. Projections indicate household count expansion of 33.7% by 2028, supporting an enlarged renter pool and occupancy stability. The neighborhood's grocery store density ranks 46th of 621 metro areas, providing essential tenant amenities that enhance retention rates.
Safety metrics place this neighborhood in the middle tier among San Diego metro neighborhoods, ranking 318th of 621 for overall crime measures with a 31st national percentile. Property offense rates have increased 14.4% year-over-year, though violent crime rates remain below many urban core locations. Investors should monitor local safety trends and consider security enhancements as part of property improvements to maintain tenant appeal and occupancy stability.
The property benefits from proximity to major San Diego employers, providing workforce housing for professionals across energy, technology, and financial services sectors that support stable rental demand.
- Sempra Energy — energy utility (4.6 miles)
- Wells Fargo ATM — financial services (5.0 miles)
- Sempra Energy — energy utility (5.2 miles) — HQ
- L-3 Telemetry & RF Products — defense technology (10.0 miles)
- Qualcomm — technology (16.1 miles) — HQ
This National City property presents a compelling value-add opportunity in San Diego County's established rental market. The neighborhood's 94.6% occupancy rate and 79.4% rental share demonstrate strong tenant demand fundamentals, while the 1972 construction year offers renovation upside potential. According to CRE market data from WDSuite, the area's grocery density and employer proximity support tenant retention in this urban core location.
Demographics within a 3-mile radius show promising trends with projected household growth of 33.7% by 2028 and median income increases of 48.6%, expanding the potential renter pool. The property's location near major employers including Sempra Energy headquarters and Qualcomm provides workforce housing opportunities, while rent growth trends and high rental market penetration support long-term cash flow stability.
- Strong rental fundamentals with 94.6% neighborhood occupancy and 79.4% rental share
- Value-add potential through renovations of 1972 vintage units
- Projected 33.7% household growth by 2028 expanding renter pool
- Proximity to major employers including Sempra Energy and Qualcomm
- Risk: Safety metrics rank in middle tier requiring potential security investments