| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 29th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 7th St, Ramona, CA, 92065, US |
| Region / Metro | Ramona |
| Year of Construction | 1987 |
| Units | 68 |
| Transaction Date | 2021-08-26 |
| Transaction Price | $13,687,500 |
| Buyer | MF PANDA NR OWNER CA LP |
| Seller | 646 RAMONA VILLAGE LLC |
110 7th St Ramona CA Multifamily Investment
Neighborhood occupancy trends suggest stable renter demand in this suburban pocket of San Diego County, according to WDSuite’s CRE market data. Investors evaluating Ramona can view this asset as a scale-efficient option where local fundamentals favor steady leasing over the medium term.
Ramona is a suburban submarket within the San Diego–Chula Vista–Carlsbad metro where neighborhood-level occupancy runs above the national median, pointing to relatively steady leasing conditions for professionally managed multifamily. Median contract rents in the neighborhood sit in the upper national percentiles, while rent-to-income appears near the national middle, supporting a case for retention and measured pricing power rather than outsized growth.
Amenity access is mixed. Restaurants index above the national median and grocery availability tracks around the national midpoint, but in-neighborhood pharmacies, cafes, and childcare are limited. Parks access is also above the national median. For investors, this combination typically supports drive-to convenience and underscores the importance of on-site amenities and parking to compete with nearby options.
The property’s 1987 vintage is newer than the neighborhood’s average construction year (1977). That positions the asset competitively versus older local stock, though investors should still underwrite modernization of interiors and select building systems to sustain performance against renovated peers.
Tenure data indicates a renter-occupied share around one-third of housing units at the neighborhood level. For multifamily operators, that signals a defined but not saturated renter pool, which can support occupancy stability while rewarding targeted marketing to local workforce households.
Within a 3-mile radius, recent data shows households increased even as total population edged down, implying smaller household sizes and supporting demand for rental units. Looking ahead to 2028, projections show population and household growth in the 3-mile area, expanding the potential tenant base and reinforcing the case for consistent leasing performance.
Ownership costs in this neighborhood are elevated by national standards, with home values in the high percentiles and a value-to-income ratio near the top of national comparables. In practice, a high-cost ownership market tends to reinforce reliance on multifamily housing and supports lease retention for well-managed properties.
Safety indicators for the neighborhood are below the national median, with both property and violent offense measures sitting in lower national percentiles compared to neighborhoods nationwide. Within the San Diego metro context, the area ranks in the lower half for crime (386 of 621 neighborhoods), so prudent security design and resident engagement can be meaningful for retention.
Year over year, estimated rates show modest increases in both property and violent offenses. Investors typically respond by emphasizing lighting, access control, and coordination with local community programs, balancing resident experience with operating costs.
The employment base within commuting range blends food distribution, wireless technology, defense/aerospace, and biopharma, which supports a diversified renter pool and helps leasing durability for workforce housing.
- Sysco — foodservice distribution (13.3 miles)
- Qualcomm — wireless semiconductors (21.5 miles)
- Qualcomm — wireless semiconductors (21.8 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace offices (22.1 miles)
- Celgene Corporation — biopharma (23.1 miles)
110 7th St offers 68 units with an average plan size over 800 square feet, aligning with demand from family and workforce segments in suburban San Diego County. Neighborhood occupancy sits above the national median and median contract rents benchmark high nationally, suggesting steady absorption and measured pricing power; based on commercial real estate analysis from WDSuite, the submarket’s renter base is defined but stable, with ownership costs that tend to sustain reliance on rentals.
Built in 1987, the asset is newer than the neighborhood average and can compete well against older stock while benefiting from targeted value-add—kitchen/bath refreshes and system updates—to extend its leasing edge. Within a 3-mile radius, projections point to population growth and a notable increase in households by 2028, expanding the local tenant pool. Key risks include below-median neighborhood safety, limited in-neighborhood services like pharmacies and childcare, and school ratings that trend low, all of which call for thoughtful amenity programming and resident service to support retention.
- Above-national-median occupancy supports stable leasing and cash flow resilience
- 1987 vintage outcompetes older local stock with clear value-add pathways
- High ownership costs reinforce multifamily demand and lease retention
- 3-mile outlook indicates population and household growth, expanding the renter pool
- Risks: below-median safety and limited neighborhood services require proactive management