| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 61st | Fair |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 511 14th St, Ramona, CA, 92065, US |
| Region / Metro | Ramona |
| Year of Construction | 1987 |
| Units | 70 |
| Transaction Date | 1997-05-09 |
| Transaction Price | $1,975,000 |
| Buyer | MF PANDA NR OWNER CA LP |
| Seller | 617 SILVERADO LLC |
511 14th St Ramona CA Multifamily Opportunity
Neighborhood-level occupancy in Ramona has remained strong, supporting rent stability relative to the San Diego metro, according to WDSuite’s CRE market data. This context suggests steady leasing conditions for a 70-unit asset in a suburban setting.
The property sits in a suburban neighborhood rated B+ and ranked 195 out of 621 within the San Diego–Chula Vista–Carlsbad metro, indicating it is competitive among San Diego neighborhoods. Neighborhood occupancy is strong (top quartile nationally), which has supported stable rent rolls and lower downtime between turns compared with many U.S. areas, based on CRE market data from WDSuite.
Local daily needs are well-served relative to peers, with restaurant and grocery access in higher national percentiles, while parks and formal childcare options are thinner. Average school ratings trend above national medians (73rd percentile nationally), which can help retention for family renters even if amenity depth is mixed within the immediate area.
Ownership costs in the neighborhood are elevated (home values rank in the 93rd percentile nationally), a high-cost ownership market that typically sustains reliance on rentals and can reinforce pricing power and lease retention for professionally managed multifamily. At the same time, neighborhood rent-to-income metrics trend favorable versus national norms, which can mitigate affordability pressure and support renewals.
Within a 3-mile radius, demographics show a predominantly owner-occupied area with a meaningful renter-occupied share, providing a steady tenant base for workforce-oriented product. Recent years show modest population softness, but WDSuite’s neighborhood indicators point to resilient occupancy and a renter pool supported by above-median household incomes and ongoing demand for accessible rental options.
The asset’s 1987 construction is somewhat older than the local average vintage (1992), which may present value-add potential through targeted renovations and system updates to boost competitiveness against newer stock.
Safety indicators for the neighborhood trend below national medians, with both property and violent offense measures placing in lower national percentiles compared to U.S. neighborhoods. Within the San Diego metro (621 neighborhoods), crime ranks indicate comparatively higher incident rates than many peers, suggesting investors should underwrite appropriate operating practices such as lighting, access control, and community engagement.
Trends can shift over time at the neighborhood scale; monitoring recent movement and tailoring on-site measures can help support tenant retention and stabilize operations without relying on block-level assumptions.
Proximity to regional employers supports commuter convenience and renter demand, with nearby logistics, wireless technology, and life science nodes. The list below highlights key employment drivers within a commutable radius, including multiple Qualcomm campuses and life sciences offices.
- Sysco — foodservice distribution (12.4 miles)
- Qualcomm — wireless technology offices (20.7 miles)
- Qualcomm — wireless technology (21.0 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace offices (21.2 miles)
- Celgene Corporation — biotech/pharmaceuticals (22.3 miles)
511 14th St offers scale at 70 units in a suburban San Diego County neighborhood where occupancy performance is strong and homeownership remains costly relative to national benchmarks. This combination generally supports steady tenant demand and lease retention for well-managed assets, according to CRE market data from WDSuite. The 1987 vintage is modestly older than the area average, creating room for value-add upgrades to enhance positioning versus newer competitive stock.
Neighborhood indicators show above-median school ratings and strong access to everyday retail and dining, helping sustain livability. Within a 3-mile radius, recent softness in population is contrasted by projections for growth in both households and incomes, which can expand the renter pool and support occupancy stability; investors should balance this with prudent underwriting for operating expenses and any renovation scope.
- Strong neighborhood occupancy and elevated ownership costs support multifamily demand and renewal potential.
- 1987 vintage offers value-add and systems modernization opportunities to improve competitiveness.
- Above-median school ratings and solid retail/dining access bolster renter livability and retention.
- Forecast household and income growth within 3 miles point to a larger tenant base over time.
- Risks: below-median safety indicators and mixed amenity depth (parks/childcare) warrant prudent operations and underwriting.