| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 61st | Fair |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 140 14th St, Ramona, CA, 92065, US |
| Region / Metro | Ramona |
| Year of Construction | 1985 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
140 14th St Ramona Multifamily Investment Opportunity
Neighborhood occupancy is strong and ownership costs are elevated relative to national norms, supporting durable renter demand according to WDSuite's CRE market data. The asset's suburban positioning in San Diego County offers steady tenancy drivers with room for operational optimization.
Located in suburban Ramona within the San Diego-Chula Vista-Carlsbad metro, the neighborhood rates B+ and ranks 195 out of 621 metro neighborhoods, making it competitive among San Diego neighborhoods. Occupancy is in the top quartile nationally, a favorable backdrop for stabilizing cash flows and lease retention.
Livability is supported by a solid mix of daily needs: grocery and pharmacy access are comparatively dense for a suburban node, while restaurant and cafe coverage is above many peer areas. Parks and formal childcare options are limited locally, which may shift some lifestyle demand to nearby submarkets.
Renter concentration is high versus national norms, indicating a deep tenant base for multifamily investors. Median home values sit well above national levels, reflecting a high-cost ownership market that tends to sustain reliance on rental housing and can support pricing power, subject to lease management and affordability monitoring.
Within a 3-mile radius, recent years show a slight population dip but growth in household counts, pointing to smaller average household sizes and a broader set of renting households. Forward-looking projections indicate continued household expansion, which should expand the renter pool and help support occupancy stability.
Vintage and positioning: Built in 1985, the property is older than the neighborhood's average construction year. This typically implies near- to medium-term capital planning along with potential value-add or modernization to enhance competitiveness against newer inventory.
Safety metrics run below national percentiles, and the neighborhood ranks 440 out of 621 metro neighborhoods on crime, indicating it trails the metro average. This suggests investors should underwrite standard security measures and tenant screening, and consider lighting, access control, and community engagement to support retention.
Recent trend indicators show a modest year-over-year uptick in both property and violent offense estimates. While these are neighborhood-level readings rather than property-specific, they warrant routine monitoring and appropriate risk management during operations and budgeting.
Proximity to diversified employers supports workforce housing demand and commute convenience, including Sysco, Qualcomm, L-3 Telemetry & RF Products, Celgene, and Sempra Energy. This employment base can aid leasing velocity and retention for residents working across distribution, technology, defense, life sciences, and utilities.
- Sysco — foodservice distribution (12.4 miles)
- Qualcomm — wireless semiconductors (20.9 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (21.2 miles)
- Celgene Corporation — biopharma (22.2 miles)
- Sempra Energy — utilities (27.7 miles) — HQ
The property at 140 14th St benefits from a high-occupancy neighborhood backdrop within San Diego County and a renter base that is elevated versus national norms, supporting demand depth and lease stability. Elevated ownership costs locally reinforce reliance on multifamily housing, while household growth in the 3-mile radius points to a larger tenant base over the next cycle. According to CRE market data from WDSuite, the neighborhood's occupancy ranks among the top performers nationally, favoring consistent collections when paired with disciplined lease management.
Constructed in 1985, the asset is older than the local average vintage, creating a clear value-add path through targeted renovations and systems updates to strengthen competitive positioning against newer product. With suburban convenience, access to a diversified employment base, and solid neighborhood amenities, investors can underwrite steady operations while accounting for capex and prudent affordability oversight.
- Strong neighborhood occupancy supports rent roll stability and lease retention.
- High-cost ownership market reinforces reliance on multifamily rentals and pricing power.
- 1985 vintage creates value-add and capital planning opportunities to enhance competitiveness.
- Risks: safety metrics below national percentiles and limited parks/childcare warrant operating focus.