| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 59th | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9540 Via Zapador, Santee, CA, 92071, US |
| Region / Metro | Santee |
| Year of Construction | 2013 |
| Units | 44 |
| Transaction Date | 2011-11-29 |
| Transaction Price | $1,400,000 |
| Buyer | FORESTER SQUARE LP |
| Seller | LMN FAMILY PARTNERSHIP |
9540 Via Zapador Santee Multifamily Investment
This 44-unit property built in 2013 benefits from neighborhood-level occupancy of 97.9% and strong rental demand fundamentals, according to CRE market data from WDSuite.
The property sits in an inner suburb neighborhood that ranks in the top quartile among San Diego metro's 621 neighborhoods for housing fundamentals, with a neighborhood rating of A-. Built in 2013, this asset aligns with the area's construction vintage profile and offers reduced near-term capital expenditure requirements compared to older multifamily stock.
Neighborhood-level occupancy reaches 97.9%, ranking in the 89th percentile nationally and supporting lease-up stability. The area maintains a 37.1% share of renter-occupied housing units, creating a consistent tenant base. Median contract rents of $1,850 reflect market positioning, while demographics within a 3-mile radius show household income growth of 33.7% over five years, supporting rental affordability and tenant retention.
The location provides strong amenity access with grocery stores and restaurants ranking in the 94th percentile nationally for density per square mile, supporting tenant appeal. Schools average 4.0 out of 5 stars, ranking in the 84th percentile among metro neighborhoods. Population projections indicate 4.2% growth through 2028, expanding the potential renter pool and supporting long-term occupancy fundamentals.
Property crime rates in the neighborhood show improvement with a 29.1% decline year-over-year, ranking in the 72nd percentile nationally for crime reduction trends. However, current property offense rates remain elevated compared to metro averages, ranking 420th among 621 San Diego neighborhoods.
Violent crime metrics indicate ongoing challenges, with rates ranking in the lower quartile among metro neighborhoods. Investors should factor security considerations into property management strategies and tenant retention planning, while monitoring continued improvement trends in the area's safety profile.
The property benefits from proximity to major San Diego employers, including corporate headquarters and established offices that support workforce housing demand.
- Sysco — food service distribution (7.9 miles)
- L-3 Telemetry & RF Products — defense & aerospace offices (8.6 miles)
- Qualcomm — technology headquarters (12.7 miles) — HQ
- Sempra Energy — utilities headquarters (13.0 miles) — HQ
This 2013-vintage property positions investors in a neighborhood with demonstrated rental demand fundamentals, including 97.9% occupancy and household income growth of 33.7% over five years. The San Diego metro's employment base, anchored by technology and utilities headquarters within commuting distance, supports workforce housing demand. Based on multifamily property research from WDSuite, the area's A- neighborhood rating reflects strong housing fundamentals relative to metro comparables.
Demographics within a 3-mile radius project 4.2% population growth through 2028, with median household income forecasted to reach $140,593, supporting rental pricing power. The property's 2013 construction year provides reduced near-term capital expenditure requirements while maintaining competitive positioning in the local rental market.
- Neighborhood occupancy of 97.9% ranks in 89th percentile nationally
- Five-year household income growth of 33.7% supports rental affordability
- 2013 construction reduces near-term capital expenditure requirements
- Property crime declining 29.1% year-over-year but elevated baseline rates require monitoring