| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 60th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12440 Oak Knoll Rd, Poway, CA, 92064, US |
| Region / Metro | Poway |
| Year of Construction | 2000 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12440 Oak Knoll Rd Poway Multifamily Investment
This 29-unit property built in 2000 benefits from Poway's elevated home values that reinforce rental demand, with neighborhood-level occupancy at 97.9% according to WDSuite's CRE market data.
Poway's inner suburb positioning delivers strong fundamentals for multifamily investors. The neighborhood ranks above metro median among 621 San Diego metro neighborhoods, with an A- rating reflecting balanced livability metrics. Constructed in 2000, this property aligns with the area's average construction year of 1998, positioning it competitively within the local building stock without immediate capital expenditure pressures.
Demographics within a 3-mile radius show household income stability, with median household income at $142,600 and projected growth to $192,426 by 2028. The area maintains 34.1% renter-occupied housing units, supporting consistent rental demand. Elevated home values at $755,081 median reinforce rental demand by keeping households in the multifamily market, while rent-to-income ratios at 0.19 indicate manageable affordability for tenants.
Amenity access supports tenant retention, with the neighborhood ranking in the 70th percentile nationally for overall amenities. Restaurant density at 8.22 per square mile and grocery access at 2.74 stores per square mile provide convenience that appeals to renters. Schools average 3.0 out of 5, ranking competitively among metro neighborhoods and supporting family tenant appeal.
Occupancy trends favor stability, with neighborhood-level occupancy at 97.9% and positive five-year growth of 2.03%. Contract rents at $1,774 median have grown 38.8% over five years, though investors should monitor renewal rates given the strong rental market dynamics. The area's resilience during COVID-19 ranked moderately, suggesting steady but not exceptional economic adaptability.
Safety metrics present mixed signals that warrant investor attention. The neighborhood ranks 298th of 621 San Diego metro neighborhoods for overall crime, placing it in the lower half locally and in the 32nd percentile nationally. Property offense rates are elevated at 2,150 per 100,000 residents, ranking in the bottom 10th percentile nationwide, though these rates have declined 7.7% year-over-year.
Violent crime rates at 419 per 100,000 residents also rank in the lower 11th percentile nationally, but show improvement with an 8.4% decline over the past year. While these safety metrics lag regional and national averages, the improving trends suggest stabilization. Investors should factor security considerations into property management strategies and tenant screening processes.
The employment base centers on corporate offices and technology companies that support professional renter demand in the area.
- Sysco — food service distribution (1.1 miles)
- Qualcomm — telecommunications technology (8.4 miles)
- Qualcomm — telecommunications technology (8.7 miles) — HQ
- Qualcomm — telecommunications technology (8.9 miles)
- L-3 Telemetry & RF Products — defense technology (9.8 miles)
This 29-unit Poway property offers stable cash flow potential in a market where elevated ownership costs sustain rental demand. Built in 2000, the asset requires minimal near-term capital improvements while benefiting from neighborhood-level occupancy at 97.9%. Demographics within a 3-mile radius show household growth projected through 2028, expanding the potential tenant base, while median home values at $755,081 reinforce renter reliance on multifamily housing.
According to CRE market data from WDSuite, the property sits in an inner suburb environment with strong amenity access that supports tenant retention. However, investors should monitor safety trends and competitive pressures from the area's solid school ratings that may influence long-term rental versus ownership decisions among families.
- High neighborhood occupancy at 97.9% indicates strong rental demand and absorption
- Elevated home values reinforce rental market participation over ownership transitions
- Year 2000 construction minimizes immediate capital expenditure requirements
- Projected household growth through 2028 supports tenant base expansion
- Risk: Safety metrics rank below metro and national averages, requiring management attention