| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 60th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12510 Oak Knoll Rd, Poway, CA, 92064, US |
| Region / Metro | Poway |
| Year of Construction | 1976 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
12510 Oak Knoll Rd Poway Multifamily Investment
This 52-unit property built in 1976 offers value-add potential in a neighborhood with 97.9% occupancy and elevated home values supporting rental demand. Demographic data aggregated within a 3-mile radius shows strong household incomes and proximity to major San Diego employers according to WDSuite's CRE market data.
This inner suburb neighborhood ranks in the top quartile among 621 San Diego metro neighborhoods for housing fundamentals, with neighborhood-level occupancy at 97.9% and median household incomes at $109,315. The area demonstrates strong rental demand with 46% of housing units occupied by renters, supported by elevated home values with a median of $755,081 that reinforce renter reliance on multifamily housing.
Demographics aggregated within a 3-mile radius show a stable tenant base with median household income of $142,516 and projected growth to $192,175 by 2028. The forecast indicates a 31.5% increase in households over the next five years, expanding the potential renter pool and supporting occupancy stability. Contract rents in the neighborhood median at $1,774, with demographic projections suggesting continued rental demand from high-income households.
The property's 1976 construction year is older than the neighborhood average of 1998, presenting capital expenditure considerations but also potential value-add opportunities through renovations and unit upgrades. Amenity access ranks in the 70th percentile nationally, with strong restaurant density and grocery access supporting tenant retention. The neighborhood's average school rating of 3.0 out of 5 aligns with typical suburban multifamily markets.
The neighborhood's crime profile ranks 298th out of 621 San Diego metro neighborhoods, placing it in the 32nd percentile nationally for safety metrics. Property offense rates show improvement with a 7.7% decrease year-over-year, while violent crime rates declined 8.4% over the same period, indicating positive trending in public safety conditions.
While crime statistics suggest areas for improvement compared to metro averages, the declining trend in both property and violent offenses may support neighborhood stability over time. Investors should factor current safety metrics into tenant screening, property management protocols, and insurance considerations as part of their underwriting process.
The property benefits from proximity to major corporate employers in the San Diego region, supporting workforce housing demand from technology, food service, and energy sector employees.
- Sysco — food service distribution (1.0 miles)
- Qualcomm — technology and telecommunications (8.4 miles) — HQ
- L-3 Telemetry & RF Products — defense and aerospace (9.8 miles)
- Celgene Corporation — biotechnology (10.0 miles)
- Sempra Energy — utilities and energy (17.0 miles) — HQ
This 52-unit property presents a value-add opportunity in a stable San Diego suburb with strong rental fundamentals. The neighborhood's 97.9% occupancy rate and elevated home values create a supportive environment for rental demand, while projected household growth of 31.5% over five years indicates expanding tenant pools. The 1976 vintage provides renovation upside potential to capture higher rents in a market where median contract rents have grown 38.8% over five years.
Demographics aggregated within a 3-mile radius show high household incomes projected to grow 34.8% by 2028, supporting rent growth potential. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile for housing metrics while proximity to major employers like Qualcomm and Sysco provides employment stability for the tenant base.
- High neighborhood occupancy at 97.9% indicates strong rental demand and absorption
- Elevated home values support rental market positioning and tenant retention
- Projected 31.5% household growth expands potential tenant base through 2028
- Value-add potential from 1976 vintage allows unit upgrades and rent optimization
- Risk consideration: Crime metrics rank below metro median, requiring enhanced security protocols