| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 50th | Fair |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10130 Austin Dr, Spring Valley, CA, 91977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1976 |
| Units | 73 |
| Transaction Date | 2018-02-23 |
| Transaction Price | $17,900,000 |
| Buyer | Carlos Ledesma |
| Seller | Edward Ring |
10130 Austin Dr Spring Valley Multifamily Investment
Neighborhood occupancy has been resilient, and elevated ownership costs in San Diego County help sustain renter demand, according to WDSuite’s CRE market data. This Inner Suburb location offers steady fundamentals suitable for investors prioritizing durable cash flow.
Situated in Spring Valley’s Inner Suburb context, the neighborhood is competitive among San Diego-Chula Vista-Carlsbad neighborhoods (157 of 621), with stability supported by high neighborhood occupancy and a meaningful share of renter-occupied housing units. These dynamics point to a solid tenant base and support for lease retention even through cycles.
Daily needs are well covered: grocery and pharmacy access rank in the top quartile nationally, and cafes and restaurants are also above national norms. While park access is limited, the area’s service amenities contribute to convenience that supports leasing and tenant retention.
Within a 3-mile radius, demographics indicate recent population growth and a modest rise in household counts, with incomes trending higher. Forward-looking data suggest a shift toward smaller household sizes alongside an increase in total households, which can translate into a larger renter pool and support occupancy stability, based on CRE market data from WDSuite.
Home values are elevated versus national benchmarks, which tends to reinforce reliance on rental housing and can support pricing power for well-positioned assets. School ratings sit near the national midpoint; for workforce-oriented properties, this balance can still align with steady demand.
Safety indicators are mixed and should be evaluated alongside property-level security measures and tenant screening practices. Compared with other neighborhoods nationwide, the area sits below the national median for safety. Within the San Diego metro, its crime ranking places it below the metro median (443 of 621), though property offense estimates show a modest year-over-year improvement. Investors may wish to account for operational measures that support resident comfort and retention.
Proximity to major employers across energy, defense, logistics, wireless technology, and biopharma supports commuter convenience and broad renter demand from diverse industry clusters.
- Sempra Energy — energy infrastructure (11.0 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (11.3 miles)
- Sysco — foodservice distribution (14.8 miles)
- Qualcomm — wireless technology (17.2 miles) — HQ
- Celgene Corporation — biopharma (17.4 miles)
10130 Austin Dr is a 73-unit asset positioned in a neighborhood with high occupancy, diversified service amenities, and elevated ownership costs that help sustain multifamily demand. Based on CRE market data from WDSuite, the surrounding area performs competitively within the San Diego metro and maintains above-average access to daily-needs retail, supporting lease retention and stable collections.
Built in 1976, the property may benefit from targeted capital planning and value-add upgrades to enhance competitiveness against newer stock, while the area’s renter base and rising incomes within 3 miles support absorption and potential rent optimization. Key watch items include below-median safety metrics and limited park access, which can be mitigated through on-site improvements and resident programming.
- Strong neighborhood occupancy and a meaningful renter base support leasing durability.
- Daily-needs retail and services in the top quartile nationally bolster retention.
- 1976 vintage offers value-add and systems modernization opportunities to drive NOI.
- Elevated ownership costs reinforce renter reliance and pricing power for well-positioned units.
- Risks: below-median safety metrics and limited park space warrant proactive operations and amenity strategy.