| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 69th | Good |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9015 Prospect Ave, Santee, CA, 92071, US |
| Region / Metro | Santee |
| Year of Construction | 1987 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | $300,000 |
| Buyer | SAN LEANDRO PROPERTIES LTD |
| Seller | LEVINE SIDNEY H |
9015 Prospect Ave, Santee CA Multifamily Investment
Occupancy in the surrounding neighborhood sits in the upper tier nationally, supporting steady leasing performance, according to WDSuite’s CRE market data. With an owner-leaning tenant mix nearby, stabilized renter demand is supported by a deeper-income household base.
The property is in a suburban Santee location within the San Diego-Chula Vista-Carlsbad metro, where neighborhood-level occupancy is strong (87th percentile nationally), a positive indicator for collections stability and renewal potential for multifamily investors. Nearby renter-occupied housing represents roughly one-third of units, signaling an owner-leaning area but with sufficient rental depth for conventional leasing.
Schools in the neighborhood are a relative strength, with an average rating of 4.5 out of 5 and placement near the top of metro peers and well into the top quartile nationally. This often supports retention for family-oriented renters and can underpin rent resilience versus submarkets with weaker school options.
Local retail density is modest—few cafes, groceries, and pharmacies per square mile—typical of auto-oriented suburban pockets. However, park access rates competitively (around the upper third nationwide), and restaurants are present at roughly median national density. For investors, the amenity mix suggests residents rely on regional corridors for shopping while benefiting from nearby recreation, which can help sustain livability without commanding urban pricing.
Home values in the neighborhood rank high versus national peers, indicating a high-cost ownership market that can reinforce reliance on multifamily housing and support pricing power. Neighborhood asking rent levels also place above most U.S. neighborhoods, though lease management should account for affordability pressure as rent-to-income hovers near the high-20s percent range. Demographic data aggregated within a 3-mile radius shows recent population growth and a rising household count, with forecasts pointing to further household gains—expanding the tenant base and supporting occupancy stability over the medium term.
Safety indicators for the neighborhood trend below national averages, based on WDSuite’s market benchmarks. Property and violent offense rates sit in lower national percentiles, and recent year-over-year changes show some upward movement. For investors, underwriting should incorporate prudent security, lighting, and resident-experience plans and compare these trends with nearby Santee and East County submarkets rather than block-level assumptions.
Within the San Diego-Chula Vista-Carlsbad metro (621 neighborhoods), the area does not rank among the safer cohorts. Use comparative metro context and on-the-ground diligence to calibrate expectations for insurance, operating practices, and resident screening standards.
Proximity to East County industrial and central San Diego corporate nodes offers a diversified employment base that supports renter demand and commute convenience. Key nearby employers include Sysco, L-3 Telemetry & RF Products, Qualcomm, Sempra Energy, and Celgene.
- Sysco — foodservice distribution (7.8 miles)
- L-3 Telemetry & RF Products — defense & aerospace (7.8 miles)
- Qualcomm — wireless technology (12.1 miles) — HQ
- Sempra Energy — utilities & energy infrastructure (12.3 miles) — HQ
- Celgene Corporation — biopharmaceuticals (12.8 miles)
This 60-unit asset in Santee benefits from strong neighborhood occupancy (top-quartile nationally) and proximity to major employment centers spanning distribution, defense, energy, and tech. The surrounding area’s high-cost ownership profile and above-median rent positioning support sustained reliance on rental housing, while high-rated schools bolster retention among family renters.
Demographic data aggregated within a 3-mile radius shows population growth, rising household counts, and income gains, which together point to a larger tenant base over time. According to CRE market data from WDSuite, these dynamics—combined with suburban livability and regional job access—support a stable, long-term multifamily thesis, though underwriting should account for modest amenity density and below-average safety readings.
- Occupancy strength in the neighborhood supports collections and renewal stability.
- High-cost ownership market reinforces renter reliance and pricing power potential.
- 3-mile radius shows population, household, and income growth expanding the renter base.
- Access to diversified employers (distribution, defense, energy, tech) supports leasing demand.
- Risks: lower amenity density and below-average safety require prudent operations and underwriting.