| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 60th | Fair |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9700 Park Terrace Dr, Santee, CA, 92071, US |
| Region / Metro | Santee |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9700 Park Terrace Dr Santee Multifamily Investment
Neighborhood indicators point to durable renter demand and strong occupancy stability for this submarket, according to WDSuite s CRE market data. Focus is on steady tenancy rather than speculative upside, supported by established suburban fundamentals in Santee.
Situated in Santee s inner-suburban setting, the neighborhood rates an A and ranks 52 out of 621 metro neighborhoods, placing it above the metro median. Amenity access is a relative strength: parks density ranks 26 of 621 (top quartile) and restaurants rank 115 of 621 (top quartile), with pharmacies and cafes also competitive nationally. Average school ratings are in the top quartile among metro neighborhoods, supporting family-oriented renter demand.
Multifamily performance signals are favorable at the neighborhood level: reported occupancy is at 100% and ranked 1 of 621, indicating exceptionally tight conditions that have historically supported lease retention. Median asking rents in the neighborhood have risen over the past five years, and the renter-occupied share is in the mid-40s, suggesting a sizable tenant base for smaller assets like this 21-unit property. Construction in this neighborhood averages 1981, while the subject was built in 1986 a slightly newer vintage that can remain competitive versus older stock, though select system upgrades or modernization may still be prudent.
Within a 3-mile radius, households have grown and are projected to continue increasing, with a modest decline in average household size. This points to a broader renter pool and supports occupancy stability. Median household incomes are high for the region, and home values are elevated, which tends to reinforce reliance on multifamily rentals and can aid pricing power and lease-up velocity for well-positioned properties.
From an investor lens, these dynamics align with steady absorption and limited vacancy pressure, while amenity access and school quality broaden the renter profile. This commercial real estate analysis is based on CRE market data from WDSuite and reflects neighborhood-level trends rather than property-level performance.
Safety metrics indicate the neighborhood sits below the metro median, and national percentiles are low for both property and violent offenses relative to neighborhoods nationwide. That said, estimated property offenses have improved year over year, showing a reported double-digit decline, which is a constructive directional trend to monitor alongside leasing performance.
For investors, the takeaway is to underwrite with conservative assumptions, compare insurance and security line items to similar San Diego metro submarkets, and track whether the improving trend sustains. These are neighborhood-level indicators, not block-specific measures.
Proximity to diversified employers supports renter demand and commute convenience, anchored by foodservice distribution, defense & aerospace, wireless technology, biopharma, and utilities. The list below reflects nearby employment nodes that can underpin leasing and retention.
- Sysco foodservice distribution (7.1 miles)
- L-3 Telemetry & RF Products defense & aerospace electronics (9.3 miles)
- Qualcomm wireless technology (12.9 miles)
- Celgene Corporation biopharma (13.7 miles)
- Sempra Energy utilities (14.1 miles) HQ
The property built in 1986 benefits from a neighborhood with exceptionally tight occupancy (ranked 1 of 621) and an established renter base. Within a 3-mile radius, households have increased and are forecast to expand further as average household size eases, indicating a larger tenant base and support for occupancy stability. Elevated home values in this part of San Diego County tend to sustain demand for rentals, while neighborhood rents have trended upward over the last five years, reinforcing a case for steady income performance.
Relative to older local stock (average 1981), the 1986 vintage can compete well with targeted modernization, positioning the asset for lease retention and operational durability. According to CRE market data from WDSuite, amenity and school quality metrics sit in the metro s top quartile, broadening the renter profile. Key underwriting considerations include measured assumptions around safety, maintaining competitive finish levels for the vintage, and monitoring affordability pressure as rents continue to rise.
- Tight neighborhood occupancy and growing 3-mile household counts support leasing stability.
- 1986 vintage offers competitive positioning versus older stock with targeted renovations.
- Elevated ownership costs in the area reinforce renter reliance, aiding pricing power.
- Amenity and school metrics in the metro s top quartile broaden the tenant base.
- Risks: below-median safety metrics and affordability pressure warrant conservative underwriting and asset-level security planning.