| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 38th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9029 Jamacha Rd, Spring Valley, CA, 91977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1985 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9029 Jamacha Rd Spring Valley Multifamily Investment
Neighborhood occupancy ranks at the top of the San Diego metro, pointing to resilient leasing conditions for stabilized multifamily, according to WDSuite’s CRE market data. Moderate renter concentration and strong access to daily needs suggest steady demand rather than volatility.
Located in Spring Valley within the San Diego-Chula Vista-Carlsbad metro, the neighborhood is rated B- and is ranked 299 among 621 metro neighborhoods, indicating competitive positioning in the middle of the pack. Daily-needs access is a relative strength: grocery and pharmacy density sit in high national percentiles, while restaurants are above average; parks and cafes are limited, which may temper lifestyle appeal but does not materially impair day-to-day convenience for renters.
The neighborhood’s occupancy ranks 1 out of 621 locally, signaling very tight conditions versus peers and supporting stable collections. Median asking rents benchmark above many U.S. neighborhoods (national percentile in the low 80s), reinforcing pricing power, yet the rent-to-income ratio remains around the lower third nationally, which can reduce affordability pressure and support retention for workhorse assets.
Vintage matters for competitive positioning: the property’s 1985 construction is newer than the neighborhood average year of 1978. That can reduce near-term obsolescence risk versus older stock and may enhance tenant appeal, while still inviting selective modernization of systems and finishes to capture value-add upside.
Tenure patterns point to steady but not saturated renter demand: roughly one-quarter of neighborhood housing units are renter-occupied (rank 393 of 621), indicating a moderate renter concentration that can support leasing depth for well-positioned product. Within a 3-mile radius, demographics show slight population contraction alongside an increase in households and families, implying smaller household sizes and a gradual expansion of the renter pool; this dynamic typically supports occupancy stability for practical unit mixes.
Ownership costs in the area are elevated relative to incomes (value-to-income ratio around the 90th national percentile), which tends to sustain reliance on rental housing and underpin lease retention. School ratings trail national averages, but childcare density is comparatively strong and daily-needs retail access is solid, balancing family-oriented considerations for larger floorplans.
Safety indicators should be viewed in context. The neighborhood ranks 375 among 621 San Diego metro neighborhoods on crime, which is below the metro average. Nationally, safety sits in lower percentiles, with violent and property offense rates weaker than many U.S. neighborhoods. However, recent trend data show property offenses declining year over year, indicating some improvement in near-term conditions.
For investors, this suggests underwriting that emphasizes security features, lighting, and on-site management, alongside market-appropriate concessions and screening, while recognizing that improving property-crime trends may support stabilization.
Proximity to utilities, aerospace/defense, foodservice distribution, biopharma, and wireless technology employers supports renter demand via commute convenience and a diversified employment base.
- Sempra Energy — utilities (9.2 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (10.6 miles)
- Sysco — foodservice distribution (15.6 miles)
- Celgene Corporation — biopharma (16.8 miles)
- Qualcomm — wireless technology (16.8 miles) — HQ
This 80-unit asset at 9029 Jamacha Rd benefits from neighborhood occupancy that ranks first among 621 San Diego metro neighborhoods, supporting durable leasing and collections relative to peers. Elevated home values in the area continue to reinforce renter reliance on multifamily housing, while median rents trend above many U.S. neighborhoods yet remain manageable against incomes, aiding retention. Based on CRE market data from WDSuite, daily-needs access (notably grocery and pharmacy density) is a relative strength that complements workforce demand.
Built in 1985, the property is newer than the neighborhood’s 1978 average, offering a competitive edge versus older stock and a practical platform for targeted value-add through modernization of interiors and systems. Within a 3-mile radius, households are increasing and are projected to expand further even as population edges down, implying smaller household sizes and a broader renter base over time—supportive of occupancy stability for larger average unit sizes (~939 sq. ft.).
- Metro-leading neighborhood occupancy supports steady leasing and pricing power.
- 1985 vintage outpositions older local stock with clear modernization upside.
- Elevated ownership costs sustain renter demand and lease retention potential.
- Household growth within 3 miles broadens the tenant base despite flat population.
- Risks: below-average school ratings, limited parks/cafes, and weaker national safety percentiles warrant proactive asset management.