| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 303 E 27th St, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
303 E 27th St National City Multifamily Investment
Neighborhood metrics point to steady renter demand and solid occupancy, according to WDSuite’s CRE market data. With a high share of renter-occupied units in the area and proximity to major employment centers, the asset benefits from durable leasing fundamentals.
The property sits in National City’s Urban Core within the San Diego–Chula Vista–Carlsbad metro, where the neighborhood is competitive among 621 metro neighborhoods (ranked 175) for overall amenities. Grocery access is a relative strength (97th percentile nationally) and parks are plentiful (91st percentile), while restaurant density is also strong. By contrast, cafés and pharmacies are sparse locally, which may temper some convenience for residents.
For investors, neighborhood occupancy is 93.9% (neighborhood statistic), indicating stable leasing conditions. The area’s renter-occupied share is 58.8% of housing units (neighborhood statistic), signaling a deep tenant base that supports ongoing demand for multifamily product. Median contract rents in the neighborhood sit in the upper quartile nationally, reinforcing the need for attentive affordability and lease management.
Construction vintage matters: this asset was built in 2000, newer than the neighborhood average year of 1972. That positioning typically offers competitive appeal versus older stock, while still warranting capital planning for aging building systems and selective modernization to sustain performance.
Demographic statistics are aggregated within a 3-mile radius and show a modest population dip alongside a multi-year increase in households, with projections indicating further household growth over the next five years. This pattern points to smaller household sizes and a larger tenant base over time, which can support occupancy stability and absorption. Median home values in the neighborhood are elevated (87th percentile nationally) with a high value-to-income ratio, creating a high-cost ownership market that tends to sustain demand for rentals and support lease retention. The neighborhood’s average school rating is lower than metro norms, which may matter for family-oriented leasing strategies.
Safety trends should be evaluated thoughtfully. Relative to 621 metro neighborhoods, this area’s crime rank (547 of 621) indicates below-average safety within the metro. Nationally, the neighborhood sits in lower percentiles for both violent and property offenses, so owners often consider security features, lighting, and resident engagement to support retention and community standards.
Investors should track multi-year trends and compare them with submarket and metro patterns to gauge whether conditions are improving or stabilizing. Practical on-site measures and proactive management can help mitigate risk and sustain leasing performance.
Nearby employment anchors in energy, aerospace/defense, wireless technology, and foodservice distribution support a broad workforce renter base and commute convenience for residents, including Sempra Energy, L-3 Telemetry & RF Products, Qualcomm, and Sysco.
- Sempra Energy — energy utilities (4.9 miles)
- Sempra Energy — energy utilities (5.6 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (11.4 miles)
- Qualcomm — wireless technology (17.3 miles) — HQ
- Sysco — foodservice distribution (19.2 miles)
Built in 2000, this 24-unit asset is newer than much of the surrounding housing stock and can compete well against older properties while benefiting from neighborhood occupancy around 93.9% (neighborhood metric). Elevated neighborhood home values and a high value-to-income backdrop create a high-cost ownership market that typically sustains renter reliance on multifamily housing, aiding lease retention and pricing power over time, according to CRE market data from WDSuite.
Within a 3-mile radius, recent declines in population accompany growth in households, and projections point to further household increases. This dynamic suggests smaller household sizes and an expanding renter pool that can support occupancy stability and absorption. Pairing modest value-add upgrades with disciplined affordability and tenant retention strategies positions the asset to capture durable demand, while acknowledging local safety and school-quality considerations in underwriting.
- Newer 2000 vintage relative to neighborhood stock offers competitive positioning
- Neighborhood occupancy ~93.9% and high renter concentration support demand durability
- High-cost ownership market reinforces renter reliance and lease retention potential
- 3-mile household growth outlook indicates a larger tenant base and absorption support
- Risks: lower safety ranks and weaker average school ratings warrant operational mitigation