| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 60th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12509 Oak Knoll Rd, Poway, CA, 92064, US |
| Region / Metro | Poway |
| Year of Construction | 1990 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | $2,650,000 |
| Buyer | OAK KNOLL HOUSING ASSOCIATES LP |
| Seller | OAK KNOLLS VILLAS LTD |
12509 Oak Knoll Rd Poway Multifamily Investment
This 52-unit property in an A- rated neighborhood benefits from strong occupancy fundamentals and household income growth, according to CRE market data from WDSuite.
The property sits in an A- rated inner suburb neighborhood that ranks in the top 20% among 621 San Diego metro neighborhoods. Built in 1990, this vintage aligns with the area's average construction year of 1998, supporting consistent capital planning expectations for investors.
Neighborhood-level occupancy remains strong at 97.9%, ranking above metro median performance and in the 88th percentile nationally. With 46% of housing units renter-occupied, the area maintains solid rental demand depth. Demographic data aggregated within a 3-mile radius shows median household income of $142,668, with 29% of households earning above $200,000, creating a stable tenant base for multifamily properties.
The neighborhood offers competitive amenity access with grocery stores at 2.74 per square mile (88th percentile nationally) and restaurants at 8.22 per square mile. Median contract rents of $2,460 within the 3-mile radius have grown 25.6% over five years, while home values averaging $755,081 support rental demand by maintaining elevated ownership costs relative to renting options.
Forward-looking demographics project household income growth to $192,321 by 2028, representing a 34.8% increase that should support rent growth potential. The area's rent-to-income ratio of 0.19 suggests manageable affordability conditions for tenant retention and lease renewals.
Crime statistics show mixed performance relative to the San Diego metro area. The neighborhood ranks 298th out of 621 metro neighborhoods for overall crime metrics, placing it in the 32nd percentile nationally. Property offense rates have declined 7.7% year-over-year, while violent crime rates decreased 8.4%, indicating improving trends that may support tenant retention and property values.
While crime levels remain above metro averages, the downward trajectory in both property and violent offenses suggests stabilizing conditions. Investors should monitor these trends as part of ongoing property management and tenant satisfaction considerations.
The property benefits from proximity to major corporate employers that support workforce housing demand, including technology, energy, and logistics companies within commuting distance.
- Sysco — food service distribution (1.0 miles)
- Qualcomm — technology headquarters (8.7 miles) — HQ
- L-3 Telemetry & RF Products — defense technology (9.8 miles)
- Celgene Corporation — biotechnology (10.0 miles)
- Sempra Energy — utility headquarters (17.0 miles) — HQ
This 52-unit property built in 1990 operates in a fundamentally sound San Diego submarket with neighborhood-level occupancy of 97.9% and rising household incomes. The A- rated neighborhood ranks in the top 20% metro-wide, supported by strong demographics including 29% of households earning above $200,000 within a 3-mile radius. Commercial real estate analysis indicates median rents have grown 25.6% over five years while maintaining manageable rent-to-income ratios.
The property's 1990 vintage presents potential value-add opportunities through strategic capital improvements, while proximity to major employers like Qualcomm headquarters and Sysco distribution supports consistent tenant demand. Forward-looking demographics project continued household income growth to $192,321 by 2028, reinforcing the area's long-term rental fundamentals.
- Strong occupancy fundamentals with 97.9% neighborhood-level performance above metro median
- High-income demographics with 29% of households earning $200,000+ supporting rent growth potential
- Value-add potential through 1990 vintage property improvements and modernization
- Proximity to major employers including Qualcomm headquarters ensures workforce housing demand
- Crime trends require monitoring as property and violent offense rates remain above metro averages