| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 21st | Poor |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 224 Sycamore Rd, San Ysidro, CA, 92173, US |
| Region / Metro | San Ysidro |
| Year of Construction | 1984 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | $1,400,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
224 Sycamore Rd San Ysidro Multifamily Opportunity
Neighborhood occupancy is in the mid-90s and renter concentration is high, indicating a deep tenant base for stabilized operations, according to WDSuite’s CRE market data.
The property sits in San Ysidro’s Urban Core with a B- neighborhood rating, placing it near the metro median among 621 San Diego–Chula Vista–Carlsbad neighborhoods. Amenity access is a relative strength: cafes and restaurants score in the top quartile nationally, and grocery density is also strong, supporting daily convenience that can aid leasing and retention.
Multifamily fundamentals in the neighborhood are solid by national comparison. Occupancy is about 94.5% (above the national median), and neighborhood NOI per unit trends in the top quartile nationally, based on CRE market data from WDSuite. The share of housing units that are renter-occupied is elevated at roughly 71.5%, signaling a sizable tenant pool and demand depth for workforce and market-rate rentals.
Within a 3-mile radius, recent demographic patterns show modest population growth over the last five years alongside an 8%+ increase in households and smaller average household sizes. Forward-looking data indicates households are projected to continue increasing even as total population trends down, which can expand the renter pool and support occupancy stability as household sizes normalize.
Home values are elevated versus the nation (top decile for value-to-income), which points to a high-cost ownership market that can sustain rental demand and lease retention. At the same time, rent-to-income metrics are on the higher side locally, so asset management should emphasize renewal strategies and pricing precision to balance occupancy and revenue. Average school ratings trail national norms, and pharmacy access is limited; both factors may modestly affect family-oriented demand, but the broader amenity mix and transit adjacency of the submarket typically offset some of that drag for renters prioritizing convenience.
The asset’s 1983 vintage is slightly older than the neighborhood average (mid-1980s), suggesting targeted capital expenditure and interior upgrades could unlock value-add potential and improve competitive positioning versus newer stock while addressing aging systems.
Safety conditions should be evaluated carefully. The neighborhood’s crime rank is toward the lower end among 621 metro neighborhoods, indicating higher reported incidents relative to much of the region. Nationally, indicators align closer to the lower percentiles, so underwriting should include realistic security, lighting, and operations plans.
Recent trend data shows estimated year-over-year increases in both violent and property offenses. While block-level dynamics can vary, investors typically account for these patterns with enhanced site management, resident engagement, and partnerships with local authorities when appropriate.
Proximity to major employers across energy, defense/aerospace, life sciences, and technology underpins renter demand through commute convenience and diverse job bases. Featured employers include Sempra Energy, L-3 Telemetry & RF Products, Celgene, and Qualcomm.
- Sempra Energy — energy infrastructure (12.9 miles)
- Sempra Energy — energy infrastructure (13.6 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (19.5 miles)
- Celgene Corporation — biopharma (25.1 miles)
- Qualcomm — technology (25.5 miles) — HQ
224 Sycamore Rd offers a 40-unit, 1983-vintage footprint in a renter-heavy neighborhood where occupancy trends above national medians and amenity access is a relative strength. Elevated ownership costs in the area reinforce reliance on multifamily, supporting leasing and renewals even as rent-to-income levels call for disciplined pricing and renewal management. Within a 3-mile radius, the number of households has been growing and is projected to expand further as household sizes decline, which can broaden the tenant base and support occupancy stability. According to commercial real estate analysis from WDSuite, the neighborhood’s NOI per unit and amenity access compare favorably at a national level, while schools and safety metrics warrant active asset management.
The 1983 vintage points to practical value-add angles—modernizing interiors, common areas, and building systems—to enhance competitiveness against newer stock. Execution risk centers on affordability pressure and the local safety profile, but disciplined operations and targeted capital plans can position the asset to capture steady demand from the surrounding employment base.
- Renter-heavy neighborhood with occupancy above national medians supports stable leasing
- High-cost ownership market reinforces multifamily demand and renewal potential
- 1983 vintage allows targeted value-add to improve competitive positioning
- Diverse regional employers provide a broad renter pool within commuting distance
- Risks: affordability pressure and safety metrics require active management and precise pricing