| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 88th | Best |
| Demographics | 60th | Fair |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9734 Park Terrace Dr, Santee, CA, 92071, US |
| Region / Metro | Santee |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | 1998-01-12 |
| Transaction Price | $4,145,000 |
| Buyer | CON AM ASSET MANAGEMENT CORP |
| Seller | PARK TERRACE INVESTORS LTD |
9734 Park Terrace Dr, Santee CA Multifamily Investment
Neighborhood occupancy has held at very high levels, supporting leasing stability around the asset, according to WDSuite’s CRE market data. In an inner-suburb setting with healthy renter demand and strong local incomes, fundamentals favor consistent operations.
Located in Santee’s inner suburbs of the San Diego metro, the area around 9734 Park Terrace Dr rates strongly for overall neighborhood quality (A) and is above the metro median for multiple livability factors. Amenity access is competitive among San Diego neighborhoods (ranked 32 out of 621) and places in the top quartile nationally, with restaurants and daily-needs retail nearby, which helps support retention and convenience for residents.
Parks and open space are a relative strength (top national percentile), and schools in the surrounding area average around 4 out of 5, which is above many peer neighborhoods. These attributes tend to bolster longer tenancies and broaden the family renter base when paired with stable employment access across East County and greater San Diego.
The local housing context points to sustained rental demand. The share of housing units that are renter-occupied is competitive among San Diego neighborhoods (ranked 211 of 621), indicating a meaningful tenant base without overreliance on transient demand. Median contract rents benchmark high nationally while rent-to-income ratios remain comparatively manageable for the area, a mix that can support pricing power with prudent lease management.
Within a 3-mile radius, demographics reflect a sizable workforce population with household growth over the last five years and additional household expansion projected over the next five years. This combination suggests a larger tenant base over time and supports occupancy stability for well-managed multifamily assets.
Asset vintage versus local stock matters for positioning: built in 1986, the property is somewhat newer than the neighborhood’s average vintage (early 1980s). That relative youth can aid competitiveness versus older buildings, though investors should still plan for modernization of systems and common areas to meet current renter expectations.
Safety metrics for the neighborhood rank 362 out of 621 within the San Diego metro, indicating crime levels that are above metro averages and below national percentiles for safety. Recent trends are mixed: property offenses show a year-over-year decrease, while violent offenses ticked up modestly. Investors typically treat this as a lease management and security line-item consideration rather than a thesis driver.
As always, conditions can vary by block and over time. Routine measures—lighting, access control, and coordination with local management—are common approaches to support resident comfort and retention in similar inner-suburb locations.
The area draws from a diverse employment base across distribution, defense/aerospace, life sciences, and energy—supporting renter demand with reasonable commute times to major job nodes listed below.
- Sysco — food distribution (7.1 miles)
- L-3 Telemetry & RF Products — defense & aerospace (9.3 miles)
- Qualcomm — technology (12.9 miles) — HQ
- Celgene Corporation — biopharma offices (13.7 miles)
- Sempra Energy — energy & utilities (14.2 miles) — HQ
9734 Park Terrace Dr sits in an inner-suburban pocket of the San Diego metro where neighborhood occupancy is exceptionally tight and amenity access is strong. High national positioning for median contract rents alongside comparatively manageable rent-to-income ratios and solid household incomes support revenue durability, while a renter-occupied share that is competitive among metro peers points to a stable tenant base. According to CRE market data from WDSuite, these neighborhood fundamentals have outperformed many peer areas in terms of NOI per unit and occupancy stability.
Built in 1986, the property is slightly newer than the area’s average vintage, offering relative competitiveness versus older stock; targeted upgrades can unlock value-add potential and align with current renter preferences. Within a 3-mile radius, recent household growth and projected increases over the next five years indicate a larger renter pool ahead, which can support leasing velocity and retention if executed with disciplined operations and thoughtful capital planning.
- Tight neighborhood occupancy and strong amenity access support leasing stability
- High rent benchmarks paired with strong incomes enable measured pricing power
- Slightly newer 1986 vintage offers value-add via modernization and curb appeal
- 3-mile household growth and projected increases expand the tenant base
- Risks: safety metrics below national norms and typical capex for 1980s systems