| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 34th | Poor |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3103 E 18th St, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 1999-11-04 |
| Transaction Price | $850,000 |
| Buyer | KAJJY MAZIN |
| Seller | MESSER JAMES L EST OF |
3103 E 18th St, National City Multifamily Investment
Neighborhood occupancy is steady and renter-occupied housing is prevalent, according to WDSuite s CRE market data, supporting a consistent tenant base near central San Diego. In a high-cost ownership market, rental demand tends to persist, reinforcing leasing durability for well-managed assets.
This Urban Core location in the San Diego-Chula Vista-Carlsbad metro scores a B- neighborhood rating and sits above the metro median overall (ranked 356 among 621 neighborhoods), per WDSuite s CRE market data. The area s renter concentration is high (renter-occupied share leads most metro peers), which typically supports leasing depth for workforce-oriented multifamily.
Amenity access is a clear strength. Caf E9 density ranks at the top of the metro (1 of 621) and is among the strongest nationally, with restaurants, groceries, and pharmacies also competitive (national percentiles mid-90s). These daily-needs and dining options can aid resident retention and reduce turnover risk. Parks and formal childcare centers are limited locally, so family-oriented appeal may hinge more on the property s on-site amenities.
Neighborhood occupancy is around national mid-range (59th percentile) and has eased modestly over five years, suggesting stable but competitive leasing conditions relative to other San Diego submarkets. Home values are elevated versus national norms, which generally sustains reliance on rental housing and can support pricing power when units are positioned and managed effectively.
Within a 3-mile radius, demographics indicate a slightly smaller overall population than five years ago but an increase in total households and a notable forecasted rise in households through 2028 alongside smaller average household sizes. For investors, that points to a larger tenant base over time and potential renter pool expansion, even as population growth remains muted. Average school ratings are below national midpoints, which may place more emphasis on value, commute access, and property operations to attract and retain residents.
Relative to other San Diego-Chula Vista-Carlsbad neighborhoods (621 total), this area trends below metro averages for safety and sits in lower national percentiles, based on WDSuite s CRE market data. Recent year-over-year movements show increases in both violent and property offense estimates, so investors typically underwrite with conservative assumptions for security measures and resident experience.
Practical implications for multifamily include attention to lighting, access control, and asset/parking design, plus coordination with local resources. Framing performance versus regional peers is advisable rather than block-level conclusions, as conditions can vary within short distances.
Nearby employment draws include energy infrastructure, defense and aerospace, biopharma, and wireless technology firms, supporting commuter convenience and a steady renter pipeline for workforce housing.
- Sempra Energy energy infrastructure (5.5 miles)
- Sempra Energy energy infrastructure (6.1 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace offices (10.7 miles)
- Celgene Corporation biopharma (16.5 miles)
- Qualcomm wireless technology (16.8 miles) HQ
3103 E 18th St is a 24-unit, 1973-vintage asset in an Urban Core pocket where renter-occupied housing is prevalent and neighborhood occupancy sits near national mid-range. Elevated home values in the broader area reinforce reliance on multifamily housing, while dense daily-needs amenities (caf E9s, restaurants, groceries, pharmacies) bolster resident convenience and can support retention. According to CRE market data from WDSuite, the neighborhood ranks above the metro median overall, indicating competitive fundamentals amid steady demand.
The 1973 construction is newer than much of the surrounding housing stock, offering relative positioning versus older inventory, while still presenting potential value-add opportunities through system upgrades and unit/interior improvements. Within a 3-mile radius, households have grown and are projected to expand further through 2028, with smaller average household sizes a setup that can widen the renter pool even as population growth is subdued. Key underwriting considerations include modestly easing occupancy over five years, below-average school ratings, and safety metrics that trail metro norms.
- High renter concentration supports a deeper tenant base and leasing stability
- Amenity-rich corridor (top-tier dining, groceries, pharmacies) aids resident retention
- 1973 vintage offers relative competitiveness vs. older stock with value-add potential
- 3-mile households growing and projected to expand, supporting renter pool expansion
- Risks: safety below metro averages, easing occupancy, and lower school ratings warrant conservative operations