| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 33rd | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 611 S T Ave, National City, CA, 91950, US |
| Region / Metro | National City |
| Year of Construction | 1973 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
611 S T Ave National City Multifamily Investment
High renter-occupied concentration in the neighborhood supports a deep tenant base and occupancy stability in the mid-90s, according to WDSuite’s CRE market data.
Positioned in National City’s Urban Core, the property sits in a renter-centric pocket where neighborhood occupancy trends are solid and the renter-occupied share is high, reinforcing depth of demand for multifamily units. Grocery access is a relative strength — the neighborhood ranks among the top quartile of the 621 San Diego metro neighborhoods for grocery density — while restaurants are also plentiful compared to national norms. By contrast, cafes, parks, childcare, and pharmacies are sparse locally, which can modestly limit lifestyle convenience but does not materially alter workforce housing appeal.
Rents in the neighborhood benchmark above many U.S. areas and have grown meaningfully over the past five years, per WDSuite’s CRE market data, supporting the case for durable revenue. Home values in the area are elevated relative to national levels, which tends to sustain reliance on rental housing and can aid lease retention and pricing power for well-managed assets. Neighborhood NOI per unit performance ranks in the upper tier nationally, signaling that comparable assets have historically supported healthy operating margins.
The building’s 1973 vintage is older than the neighborhood’s average construction year (1987). Investors should underwrite capital planning for systems modernization and consider targeted value-add to remain competitive against newer stock; the age profile can also create renovation-driven upside if executed efficiently.
Within a 3-mile radius, demographic statistics show households have grown recently and are projected to expand further even as total population softens, implying smaller household sizes and a stable-to-growing renter pool. Rising median incomes in the area, paired with upward-trending contract rents, support ongoing demand; however, affordability pressure for some cohorts warrants disciplined lease management and renewal strategies.
Safety indicators for the neighborhood track around the metro median among 621 San Diego-area neighborhoods and trend below national averages, based on WDSuite’s data. Property and violent offense estimates sit in lower national percentiles, suggesting investors should plan for routine security measures and resident engagement to support retention, particularly for value-add repositioning. As with any urban location, emphasizing lighting, access controls, and partnership with professional management can help maintain leasing stability.
Nearby employers span utilities, defense/aerospace, semiconductors, and foodservice distribution, supporting a diversified employment base and commute convenience that underpins renter demand. The list below highlights Sempra Energy, L-3 Telemetry & RF Products, Qualcomm, and Sysco — all within an accessible drive of the property.
- Sempra Energy — utilities (4.5 miles)
- Sempra Energy — utilities (5.1 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (10.0 miles)
- Qualcomm — semiconductors (16.1 miles) — HQ
- Sysco — foodservice distribution (17.6 miles)
611 S T Ave offers a 31‑unit footprint in a renter-heavy pocket of National City where neighborhood occupancy trends are in the mid-90s and NOI per unit performance compares well nationally. Elevated regional home values bolster sustained reliance on rentals, while strong grocery and restaurant access supports day-to-day livability for workforce tenants. According to CRE market data from WDSuite, the neighborhood’s rent levels benchmark above many U.S. areas, reinforcing the case for steady income performance with professional management.
Built in 1973, the asset is older than nearby stock on average, pointing to practical capital needs but also clear value‑add potential through unit upgrades and systems modernization. Within a 3‑mile radius, households have increased and are projected to expand further even as population edges down, implying smaller household sizes and a resilient renter pool that can support occupancy stability and renewal velocity. Key risks include below‑average national safety readings, affordability pressure for some cohorts, and competition from newer assets — all manageable with focused operations and targeted renovations.
- Renter-heavy neighborhood and mid-90s occupancy support depth of demand
- Elevated local home values sustain reliance on multifamily housing
- 1973 vintage offers value-add and systems upgrade upside
- 3-mile household growth and improving incomes aid retention and pricing
- Risks: below-average national safety metrics, affordability pressure, and competitive newer stock