| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 61st | Fair |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1236 D St, Ramona, CA, 92065, US |
| Region / Metro | Ramona |
| Year of Construction | 2012 |
| Units | 28 |
| Transaction Date | 2007-03-22 |
| Transaction Price | $350,000 |
| Buyer | JAMIL HARRIS K |
| Seller | MILLER DWIGHT V |
1236 D St Ramona Multifamily Investment Opportunity
Near-full neighborhood occupancy and a solid renter-occupied base point to durable leasing fundamentals, according to WDSuite’s CRE market data. With newer construction relative to local stock, the asset is positioned to compete for workforce tenants while managing long-term capital needs.
The property sits in a suburban pocket of the San Diego–Chula Vista–Carlsbad metro that is competitive among San Diego neighborhoods (ranked 195 of 621). Dining and daily-needs access are strengths: restaurant and grocery density score in the higher national percentiles, while cafes are solidly above average. Parks and childcare are limited in the immediate area, so on-site amenities and family-oriented services may matter more for retention.
Neighborhood occupancy is very high (top quartile nationally), supporting income stability for multifamily operators. Renter-occupied housing accounts for a meaningful share of units, indicating an established tenant base and steady demand depth rather than reliance on transient turnover. Median rents in the area are above national norms after multi-year growth, which supports revenue but warrants disciplined lease management around affordability and pricing power.
Within a 3-mile radius, population dipped modestly over the past five years while household counts edged higher, implying smaller household sizes and a broader leasing funnel for studios and one-bedrooms. Looking ahead, local projections call for household and income growth by 2028, reinforcing the potential for renter pool expansion and sustained occupancy. Elevated home values relative to national benchmarks characterize a high-cost ownership market, which tends to sustain rental demand and lease retention.
The asset’s 2012 vintage is newer than the neighborhood’s average construction year, positioning it competitively versus older stock. Investors can focus capital planning on selective modernization and systems upkeep rather than full-scale repositioning, which can support operating margins as the submarket matures.
Safety levels in this neighborhood trail both metro and national medians, with crime ranking in the lower national percentiles and below the San Diego metro average (ranked 440 out of 621 metro neighborhoods). Recent estimates indicate property and violent incidents have ticked up year over year, suggesting operators should plan for practical measures such as lighting, access control, and coordination with local resources to support resident comfort and asset protection.
Proximity to regional employers supports workforce housing demand and commuting convenience for residents, led by food distribution, wireless technology, defense, biotech, and utility headquarters.
- Sysco — food distribution (12.6 miles)
- Qualcomm — wireless & semiconductors (21.2 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (21.3 miles)
- Celgene Corporation — biotechnology (22.5 miles)
- Sempra Energy — utilities (27.8 miles) — HQ
This 28-unit, small-format asset benefits from near-full neighborhood occupancy, an established renter-occupied share, and newer construction (2012) relative to local stock. According to CRE market data from WDSuite, neighborhood occupancy trends are strong versus national norms, while elevated ownership costs in the area tend to reinforce reliance on rental housing, supporting leasing stability and retention.
Within a 3-mile radius, households have increased even as population edged down, indicating shifting household sizes and a broader tenant funnel for compact units. Forward-looking projections point to additional household and income growth by 2028 alongside rent levels that are expected to trend higher, supporting revenue durability. The primary considerations are below-median safety metrics and limited parks/childcare nearby, which call for thoughtful operations and amenity programming.
- High neighborhood occupancy supports income stability and lease retention
- 2012 vintage offers competitive positioning versus older area stock with manageable capex
- High-cost ownership market reinforces multifamily demand and pricing power potential
- 3-mile household growth and rising incomes expand the tenant base for smaller units
- Risks: below-average safety metrics and limited nearby parks/childcare require proactive operations