| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 25th | Poor |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8828 Jamacha Rd, Spring Valley, CA, 91977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | 2006-09-19 |
| Transaction Price | $2,450,000 |
| Buyer | MAHMOUDIAN K C |
| Seller | VILLA TERRACE VENTURES LLC |
8828 Jamacha Rd Spring Valley Value-Add Multifamily
Neighborhood data points to an unusually deep renter base and steady occupancy, according to WDSuite’s CRE market data, supporting durable demand for a 24-unit asset in an inner-suburban location.
This inner-suburban pocket of Spring Valley shows strong renter fundamentals: the share of renter-occupied housing units in the neighborhood is very high, indicating a deep tenant base that can support leasing stability. Neighborhood occupancy trends are healthy and compare favorably to national norms, based on CRE market data from WDSuite, which is constructive for maintaining cash flow during hold periods.
Amenity density immediately around the neighborhood is limited for everyday retail and services, but park access is a relative strength, with parks per square mile performing near the top nationally. Investors should underwrite convenience via nearby corridors rather than walkable retail, and consider that residents may rely more on driving for groceries, restaurants, and pharmacies.
The property’s 1980 vintage is slightly older than the neighborhood’s typical construction year, suggesting potential value-add and capital planning opportunities (interiors, common areas, and building systems) to enhance competitiveness against newer stock while maintaining a workable basis.
Within a 3-mile radius, households have grown recently and are projected to increase further even as average household size trends lower. This combination typically expands the renter pool and supports occupancy stability and leasing velocity. Elevated ownership costs in the broader area reinforce sustained reliance on rental housing, which can aid tenant retention and pricing power for well-managed multifamily assets.
Safety indicators for the neighborhood compare below national norms, and recent readings point to year-over-year increases in both property and violent incidents. In metro context, the area tracks below average, so investors should budget for proactive security measures and attentive property management to support resident retention and asset performance.
Proximity to major employers supports commuter convenience and broad renter demand, including energy utilities, aerospace/defense, foodservice distribution, and technology. The following nearby employers anchor the regional job base referenced here.
- Sempra Energy — energy utilities (8.7 miles)
- Wells Fargo ATM — financial services (8.9 miles)
- Sempra Energy — energy utilities (9.0 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (10.4 miles)
- Sysco — foodservice distribution (15.5 miles)
- Qualcomm — technology (16.6 miles) — HQ
8828 Jamacha Rd is a 24-unit, mid-size multifamily asset with average unit sizes around 850 sq. ft., positioned to serve a renter-heavy neighborhood where occupancy has been resilient versus national benchmarks. Based on CRE market data from WDSuite, the local housing stock skews renter-occupied, which supports demand depth and helps sustain leasing through cycles.
Constructed in 1980, the property is slightly older than the neighborhood norm, presenting a straightforward value-add path via interior refreshes and system upgrades to improve competitive standing. Within a 3-mile radius, household counts are increasing and are projected to rise further as household sizes trend smaller—conditions that typically expand the tenant base and support occupancy stability. Elevated ownership costs in the broader area further sustain renter reliance on multifamily housing, though investors should account for amenity-light surroundings, below-average safety readings, and affordability pressure in leasing strategy and asset management.
- Renter-heavy neighborhood and solid occupancy underpin demand and leasing stability
- 1980 vintage offers value-add potential through renovations and system upgrades
- 3-mile household growth and smaller household sizes expand the tenant pool
- Elevated ownership costs reinforce reliance on rentals and can aid retention
- Risks: lower amenity density, below-average safety metrics, and affordability pressure