| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 66th | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12330 9th St, Poway, CA, 92064, US |
| Region / Metro | Poway |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | 1999-11-03 |
| Transaction Price | $1,051,500 |
| Buyer | EFREN R COTA LTD |
| Seller | OLIVER WILLIAM L |
12330 9th St Poway Multifamily Investment
This 36-unit property built in 1972 sits in a neighborhood with 96.6% occupancy rates and strong demographic fundamentals. CRE market data from WDSuite indicates the area maintains above-average rental stability with educated households and rising incomes.
Located in suburban Poway, this neighborhood ranks in the top quartile nationally among 621 metro neighborhoods for overall investment appeal. The area demonstrates strong rental fundamentals with 96.6% occupancy rates and a 34% share of housing units that are renter-occupied, providing a stable tenant base for multifamily operators.
Demographics within a 3-mile radius support long-term rental demand, with median household incomes of $138,417 and 31.1% of residents holding bachelor's degrees. The property's 1972 construction year aligns with the neighborhood average, suggesting opportunities for value-add renovations while maintaining competitive positioning. Projected household growth and rising incomes through 2028 indicate expanding renter purchasing power.
The neighborhood benefits from strong school ratings averaging 4.0 out of 5, ranking in the 84th percentile nationally for educational quality. Amenity access includes adequate restaurant and pharmacy density, though childcare availability ranks exceptionally high at the 95th percentile nationally. Median home values of $938,596 reinforce rental demand by keeping ownership costs elevated relative to rental alternatives.
The neighborhood's safety profile shows mixed indicators that warrant careful consideration. Property crime rates rank in the lower third among metro neighborhoods, with estimated rates of 2,461 incidents per 100,000 residents. However, violent crime shows more favorable trends, with rates declining 14.4% year-over-year and current levels below many comparable suburban areas.
While overall crime metrics place the area below metro averages, investors should factor security considerations into property management strategies and resident retention planning. The declining violent crime trend suggests improving conditions, though property crime remains an ongoing monitoring point for multifamily operations.
The local employment base provides workforce housing demand from nearby corporate operations and technology companies within commuting distance.
- Sysco — food distribution services (1.7 miles)
- Qualcomm — telecommunications technology HQ (8.8 miles)
- Celgene Corporation — biotechnology (10.0 miles)
- L-3 Telemetry & RF Products — defense technology (10.3 miles)
- Sempra Energy — utility services HQ (17.5 miles)
This 36-unit property offers stable cash flow potential in a neighborhood with 96.6% occupancy rates and strong demographic support. The 1972 construction year presents value-add renovation opportunities while household income growth and educational attainment levels indicate tenant quality and retention potential. According to commercial real estate analysis from WDSuite, the area's rental fundamentals outperform many suburban markets.
Projected demographic trends through 2028 show continued household formation and income growth within the 3-mile radius, supporting long-term rental demand. The property's location near major employers like Qualcomm and Sysco provides workforce housing appeal, while elevated home values maintain rental market participation among middle-income households.
- High neighborhood occupancy rates at 96.6% indicate strong rental demand stability
- Value-add renovation potential with 1972 construction and average unit size of 733 square feet
- Growing household incomes and educated tenant base support rent growth potential
- Risk consideration: Property crime rates require enhanced security planning and tenant screening