| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 61st | Fair |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 130 14th St, Ramona, CA, 92065, US |
| Region / Metro | Ramona |
| Year of Construction | 1980 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
130 14th St Ramona Multifamily Investment
This 32-unit property built in 1980 positions investors in a suburban San Diego County market showing strong household income growth and elevated occupancy rates. According to CRE market data from WDSuite, the neighborhood maintains 99.1% occupancy levels well above regional averages.
The property sits in a suburban neighborhood ranking in the top quartile nationally for occupancy rates at 99.1%, reflecting strong rental demand dynamics within the broader San Diego-Chula Vista-Carlsbad metro area. Demographics within a 3-mile radius show a stable population base of approximately 17,743 residents, with household income growth outpacing national trends at 76% over five years. The area maintains a balanced tenure mix with 37% of housing units renter-occupied, supporting consistent multifamily demand.
Built in 1980, this property represents older vintage housing stock that may present value-add renovation opportunities for investors focused on capital improvements and rent optimization. The neighborhood's median contract rent of $1,626 has increased 43% over five years, indicating pricing power potential. Forward-looking projections suggest continued household formation with a 48% increase in total households expected through 2028, expanding the potential tenant base.
Local amenities support tenant retention with above-average grocery store density ranking in the 87th percentile nationally and restaurant access in the 89th percentile. The area maintains competitive school ratings averaging 3.5 out of 5, which appeals to family renters. However, limited park access and childcare facilities may constrain appeal for certain tenant demographics, requiring focused marketing strategies.
Crime metrics for this neighborhood rank in the lower quartile among San Diego metro neighborhoods, with property offense rates measuring 2,121 per 100,000 residents. The area's violent crime rate of 435 incidents per 100,000 residents places it in the 11th percentile nationally, indicating elevated crime levels compared to most U.S. neighborhoods. Both property and violent crime rates have increased over the past year, with property offenses rising 11.2% and violent offenses up 2.5%.
These safety considerations may impact tenant retention and require enhanced security measures or property management strategies. Investors should factor potential security improvements into capital planning and consider how crime trends might influence rental rates, insurance costs, and overall property positioning within the competitive landscape.
The broader San Diego employment corridor provides access to major corporate anchors supporting workforce housing demand, with several Fortune 500 companies within commuting distance.
- Sysco — food service distribution (12.5 miles)
- Qualcomm — technology & telecommunications (20.8 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (21.3 miles)
- Celgene Corporation — biotechnology (22.4 miles)
- Sempra Energy — utilities (27.8 miles) — HQ
This 32-unit property offers exposure to San Diego County's resilient rental market through a combination of strong occupancy fundamentals and income growth trends. The 1980 construction year positions the asset for potential value-add improvements while neighborhood-level occupancy rates of 99.1% demonstrate sustained demand. Household income growth of 76% over five years within the 3-mile radius, combined with projected 48% household formation through 2028, supports long-term tenant demand expansion.
Commercial real estate analysis from WDSuite indicates rent growth potential with median contract rents increasing 43% over five years, though investors should monitor affordability pressures and competitive dynamics. The suburban location provides access to San Diego's employment centers while potentially offering more attractive unit economics than urban core properties.
- Exceptional neighborhood occupancy at 99.1% indicates strong rental demand stability
- Projected 48% household growth through 2028 expands potential tenant base
- Value-add renovation potential given 1980 construction vintage
- Access to major San Diego employment centers supports workforce housing demand
- Risk consideration: Elevated crime rates may impact tenant retention and require enhanced security measures