| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 61st | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13685 Cynthia Ln, Poway, CA, 92064, US |
| Region / Metro | Poway |
| Year of Construction | 1986 |
| Units | 38 |
| Transaction Date | 2003-12-10 |
| Transaction Price | $4,940,000 |
| Buyer | CASS SCOTT |
| Seller | NOVAKOVIC VLADIMIR |
13685 Cynthia Ln Poway Multifamily Investment
This 38-unit property benefits from exceptional neighborhood occupancy rates at 100%, ranking first among 621 metro neighborhoods according to CRE market data from WDSuite.
Located in Poway's suburban setting, this neighborhood demonstrates strong fundamentals with a B- overall rating among 621 San Diego metro neighborhoods. The area maintains 100% occupancy rates, ranking first regionally and in the 100th national percentile for occupancy stability. With median household incomes of $104,642 and rising 22.8% over five years, the demographic profile supports consistent rental demand.
The property's 1986 construction year aligns with the neighborhood's 1984 average, indicating potential value-add opportunities through strategic renovations and unit upgrades. Housing metrics rank in the top quartile nationally, with median rents of $2,013 reflecting the area's established rental market. Demographics within a 3-mile radius show a population of 43,307 with 26.8% renter-occupied housing units, providing a stable tenant base.
While amenity density remains limited with minimal retail and dining options nearby, the suburban character appeals to families and professionals seeking quieter residential environments. The neighborhood's 89th national percentile ranking for childcare availability supports family-oriented tenant attraction. Forecasted household growth of 35% through 2028 suggests expanding rental demand, with median household incomes projected to reach $191,849.
The neighborhood demonstrates moderate safety metrics relative to the San Diego metro area. Property crime rates of 1,189 per 100,000 residents rank 250th among 621 metro neighborhoods, placing it near the regional median. Notably, property crime has declined 20.1% year-over-year, ranking in the 63rd national percentile for improvement trends.
Violent crime rates remain relatively low at 134 incidents per 100,000 residents, with a significant 35.3% annual decrease that ranks in the 78th national percentile for safety improvement. These declining crime trends support the area's appeal to stability-focused tenants and contribute to retention potential.
The property benefits from proximity to major corporate employers that anchor the regional economy and support workforce housing demand.
- Sysco — food distribution services (2.0 miles)
- Qualcomm — technology and telecommunications (10.1 miles)
- Qualcomm — technology headquarters (10.4 miles) — HQ
- L-3 Telemetry & RF Products — defense and aerospace (11.2 miles)
- Celgene Corporation — biotechnology and pharmaceuticals (11.7 miles)
This 38-unit Poway property presents a compelling investment opportunity anchored by exceptional occupancy fundamentals and demographic stability. The neighborhood's 100% occupancy rate leads all 621 San Diego metro neighborhoods, indicating strong tenant retention and minimal vacancy risk. Built in 1986, the property offers value-add potential through strategic unit improvements and amenity enhancements that could capture higher rents in this established market.
Demographic projections within the 3-mile radius support long-term rental demand, with household growth of 35% forecast through 2028 and median incomes rising to $191,849. The area's suburban character attracts stable, family-oriented tenants while proximity to major employers like Qualcomm and Sysco provides employment diversity. According to multifamily property research from WDSuite, the combination of occupancy leadership and income growth positions this asset for sustained performance.
- Market-leading 100% occupancy rates demonstrate exceptional tenant retention
- 35% household growth forecast supports expanding rental demand through 2028
- 1986 vintage presents value-add opportunities for unit upgrades and rent growth
- Proximity to major employers including Qualcomm headquarters provides employment stability
- Limited amenity density may require tenant retention focus and competitive positioning