| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 21st | Poor |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3721 Sunset Ln, San Ysidro, CA, 92173, US |
| Region / Metro | San Ysidro |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | 2001-09-11 |
| Transaction Price | $1,935,000 |
| Buyer | LINDHEIM MELVIN B |
| Seller | ISAACSEN WINTHROP N |
3721 Sunset Ln, San Ysidro Multifamily Investment
Neighborhood occupancy trends sit in the mid-90s with a high renter-occupied share, according to WDSuite’s CRE market data, supporting demand stability around this address. These indicators reflect the surrounding neighborhood, not the property itself.
Situated in San Ysidro within the San Diego–Chula Vista–Carlsbad metro, the area scores a B- neighborhood rating and is competitive among metro neighborhoods (621 total), with dining and daily needs close by. Restaurants and cafes are dense by national standards, while grocery access tracks above national medians, helping with day-to-day convenience for residents and supporting leasing appeal.
Occupancy in the surrounding neighborhood has remained in the mid-90% range and above metro medians, while neighborhood NOI per unit trends sit above many national peers, based on commercial real estate analysis from WDSuite. A renter-occupied housing share in the low-70% range signals deep tenant demand for multifamily product and typically supports absorption and retention through cycles.
Amenity access is competitive among San Diego metro neighborhoods (621 total) and roughly top-third nationally, aided by strong restaurant and cafe density. Parks are reasonably accessible, though pharmacy presence is limited in the immediate area, which may modestly affect convenience for some residents.
Within a 3-mile radius, households have grown even as average household size has trended lower, and forecasts point to further household growth alongside smaller household sizes. This dynamic can expand the renter pool and support occupancy stability and leasing velocity, even if headline population growth is muted.
Ownership costs in the neighborhood are elevated relative to incomes by national benchmarks, which tends to reinforce reliance on rental housing. That backdrop can sustain pricing power for well-managed multifamily assets, though it also warrants close attention to rent-to-income levels to manage retention risk.
School ratings in the area trend below national averages, which may temper appeal for family-oriented renters; investors should weigh this alongside the submarket’s renter concentration and proximity to employment nodes when assessing demand durability.
Safety metrics for the surrounding neighborhood trend below national percentiles, indicating higher reported crime relative to many U.S. neighborhoods. Recent year-over-year changes show an uptick in both property and violent offenses, so investors should underwrite proactive security, lighting, and property management practices and compare trends with nearby San Diego submarkets for context.
Within the San Diego–Chula Vista–Carlsbad metro (621 neighborhoods), the area is toward the higher-crime end of the spectrum. Use localized comps and trend lines to calibrate insurance assumptions, operating protocols, and leasing strategies.
Nearby employment nodes include energy infrastructure, defense/aerospace, biotech, technology, and foodservice distribution—sectors that support a sizeable workforce renter base and commute convenience for residents of the property. Specifically: Sempra Energy, L-3 Telemetry & RF Products, Celgene Corporation, Qualcomm, and Sysco.
- Sempra Energy — energy infrastructure (12.1 miles)
- L-3 Telemetry & RF Products — defense & aerospace (18.9 miles)
- Celgene Corporation — biotechnology (24.4 miles)
- Qualcomm — technology (24.8 miles) — HQ
- Sysco — foodservice distribution (26.1 miles)
The surrounding San Ysidro neighborhood shows resilient renter demand fundamentals: occupancy has held in the mid-90% range and renter concentration is high, indicating a deep tenant base. According to CRE market data from WDSuite, neighborhood NOI per unit levels compare favorably to many areas nationally, and local amenity density (restaurants, cafes, and groceries) supports day-to-day livability that can aid leasing and retention.
Investor underwriting should balance these strengths with measured risks. Safety metrics trail national percentiles, and school ratings are below average. Ownership remains a high-cost option locally, which can sustain rental demand and pricing power, but elevated rent-to-income levels argue for attentive lease management to protect retention.
- Neighborhood occupancy in the mid-90% range supports stability and absorption potential.
- High renter-occupied share indicates a deep tenant base for multifamily product.
- Strong dining and grocery access enhances livability and leasing appeal.
- Elevated ownership costs bolster rental reliance and can support pricing power.
- Risks: below-national safety metrics and weaker school ratings warrant conservative assumptions.