| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 69th | Good |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8320 Fanita Dr, Santee, CA, 92071, US |
| Region / Metro | Santee |
| Year of Construction | 1980 |
| Units | 72 |
| Transaction Date | 2012-06-15 |
| Transaction Price | $1,331,000 |
| Buyer | FANITA VALLEY 72 LLC |
| Seller | FLETCHER VALLEY APARTMENTS LP |
8320 Fanita Dr Santee Multifamily Investment
This 72-unit property built in 1978 benefits from strong neighborhood-level occupancy at 97.7% and excellent school ratings averaging 4.5 out of 5. According to CRE market data from WDSuite, the area demonstrates stable rental fundamentals in San Diego's suburban market.
Located in Santee's suburban landscape, this neighborhood ranks in the top quartile nationally for school quality with an average rating of 4.5 out of 5, supporting family-oriented rental demand. The area maintains strong occupancy fundamentals at 97.7%, ranking 160th among 621 metro neighborhoods and placing in the 87th percentile nationally. Demographics within a 3-mile radius show a stable population of approximately 83,800 residents with median household incomes of $103,033.
The property's 1978 construction year positions it among the older inventory in a neighborhood where average construction dates to 1985, presenting potential value-add opportunities through strategic renovations and unit improvements. Rental housing represents 30.5% of the area's housing stock, with median contract rents at $1,912 reflecting the broader San Diego market dynamics.
Forward-looking demographics indicate household growth projections through 2028, with median household incomes forecast to increase 32.8% to $136,836. This income growth trajectory, combined with forecast rent increases to $2,574, suggests sustained rental demand depth. However, the neighborhood's rent-to-income ratio ranks in the 7th percentile nationally, indicating affordability pressures that require careful lease management considerations.
Safety metrics show mixed trends for this Santee neighborhood. Property crime rates rank 280th among 621 metro neighborhoods, placing in the 18th percentile nationally, while violent crime rates rank 301st among metro neighborhoods, also in the 18th percentile nationally. Both property and violent crime rates have increased year-over-year, with property offenses up 2.7% and violent offenses up 21.9%.
While these crime statistics indicate areas for improvement relative to national benchmarks, investors should consider the broader suburban context and the neighborhood's strong occupancy performance, which suggests tenant retention remains stable despite these safety considerations.
The employment base includes significant corporate presence within commuting distance, anchored by major technology and energy companies that support professional workforce housing demand.
- L-3 Telemetry & RF Products — defense technology (7.8 miles)
- Sysco — food service distribution (8.1 miles)
- Sempra Energy — utilities HQ (12.0 miles)
- Qualcomm — technology HQ (12.3 miles)
- Celgene Corporation — biotechnology (12.9 miles)
This 72-unit property offers value-add potential through its 1978 vintage, positioning investors to capture upside through strategic renovations in a market with strong occupancy fundamentals. The neighborhood's 97.7% occupancy rate ranks in the 87th percentile nationally, while excellent school ratings averaging 4.5 out of 5 support family-oriented tenant retention. Demographic projections show household income growth of 32.8% through 2028, supporting rental demand depth despite current affordability pressures.
Commercial real estate analysis from WDSuite indicates this suburban San Diego location benefits from proximity to major employers including Qualcomm and Sempra Energy headquarters within 12 miles. However, investors should carefully evaluate the rent-to-income dynamics, as the neighborhood ranks in the 7th percentile nationally for affordability, requiring strategic lease management and potential capital improvements to optimize performance.
- Strong occupancy fundamentals at 97.7% ranking 87th percentile nationally
- Excellent school ratings averaging 4.5/5 supporting family tenant demand
- Value-add renovation potential with 1978 construction year
- Proximity to major employers including Qualcomm and Sempra Energy
- Risk consideration: Affordability pressures require careful lease management