| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 59th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10108 Calle Marinero, Spring Valley, CA, 91977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1979 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10108 Calle Marinero Spring Valley Multifamily Investment
This 116-unit property built in 1979 offers value-add potential in Spring Valley's strong rental market. Neighborhood-level occupancy remains stable at 95.3% with rising household incomes supporting rental demand, according to CRE market data from WDSuite.
Spring Valley's multifamily market benefits from solid fundamentals, with neighborhood-level occupancy at 95.3% and median household income of $128,502 ranking in the 89th percentile nationally. The area demonstrates strong rental demand dynamics, with 18.5% of housing units renter-occupied and median contract rents of $2,244 reflecting healthy pricing power.
Built in 1979, this property represents typical vintage for the area but offers renovation upside potential given the neighborhood's newer average construction year of 2015. Demographics within a 3-mile radius show a stable tenant base with mean household income of $126,228 and projected growth in higher-income brackets through 2028, with households earning over $200,000 expected to increase from 15.4% to 25.9%.
The ownership landscape reinforces rental demand, with median home values of $670,478 and a value-to-income ratio of 5.2 keeping many households in the rental market. Schools average 3.0 out of 5, providing adequate appeal for family renters, while the rent-to-income ratio of 0.19 suggests manageable affordability for the target demographic.
Safety metrics show mixed performance relative to the broader San Diego metro area. Property crime rates rank 211th among 621 metro neighborhoods, placing the area above median for the region. Notably, both property and violent crime rates declined significantly over the past year, with property offenses down 29.6% and violent crimes decreasing 30.0%.
While crime levels remain elevated compared to national averages, the improving trend suggests positive momentum that could support tenant retention and leasing velocity over time.
The Spring Valley area benefits from proximity to major San Diego employers, providing workforce housing opportunities for professionals in energy, technology, and defense sectors.
- Sempra Energy — energy services (10.9 miles)
- Sempra Energy — energy services (11.1 miles) — HQ
- L-3 Telemetry & RF Products — defense technology (11.5 miles)
- Qualcomm — technology (17.4 miles) — HQ
This 116-unit property presents a compelling value-add opportunity in Spring Valley's stable rental market. Built in 1979, the asset offers renovation upside potential while benefiting from neighborhood-level occupancy of 95.3% and strong demographic fundamentals. The area's household income growth trajectory supports rental demand, with mean income increasing 69.2% over five years and projected to reach $190,233 by 2028.
Commercial real estate analysis from WDSuite indicates favorable market conditions, with elevated home values reinforcing rental demand and the property's vintage providing capital improvement opportunities. The location offers workforce housing appeal given proximity to major employers like Sempra Energy and Qualcomm within reasonable commuting distance.
- Stable occupancy at 95.3% with rising household incomes supporting demand
- Value-add potential from 1979 construction in modernizing neighborhood
- Workforce housing opportunity near major San Diego employers
- High ownership costs maintain rental market depth
- Risk: Crime levels above national averages require monitoring