| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 39th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9209 Kenwood Dr, Spring Valley, CA, 91977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1977 |
| Units | 57 |
| Transaction Date | 2021-08-24 |
| Transaction Price | $13,509,000 |
| Buyer | 9209 KENWOOD CA LP |
| Seller | 644 KENWOOD LLC |
9209 Kenwood Dr Spring Valley Multifamily Investment
Stabilized neighborhood occupancy and a deep renter base support predictable operations, according to WDSuite's CRE market data. Elevated ownership costs in San Diego County further underpin rental demand in this inner-suburban location.
This inner-suburban Spring Valley location shows solid renter demand fundamentals: neighborhood occupancy is above national averages with a stable five-year trend, and renter-occupied housing sits high versus national norms. For investors, that points to a sizable tenant base and support for lease-up and retention even as supply ebbs and flows.
Ownership is comparatively expensive (home values are in the higher national percentiles), which tends to sustain reliance on rental housing and can support pricing power. At the same time, rent-to-income levels in the neighborhood read as manageable relative to national benchmarks, a combination that can reduce affordability pressure and help limit turnover. These dynamics align with multifamily property research that flags demand depth when high-cost ownership markets coincide with reasonable rent burdens.
Within a 3-mile radius, population and households have expanded over the past five years and are projected to continue growing, while average household size is expected to edge lower. For apartments, that setup implies a gradually expanding renter pool and supports occupancy stability as more households form even with modest population growth.
The average construction year locally is a bit newer than this asset's 1975 vintage. That age profile suggests planning for ongoing capital projects and opens a potential value-add path through interior refreshes or systems modernization to remain competitive versus newer product.
Relative to other neighborhoods nationwide, crime indicators for this area sit below national safety percentiles, and the neighborhood ranks in the lower half among the 621 San Diego metro neighborhoods. Investors should underwrite with conservative assumptions and consider standard security measures and property management practices that support resident comfort.
Recent trend data shows a year-over-year improvement in violent incident rates, which is a constructive directional signal. As always, compare property-level incident history and block-level context with broader metro patterns to calibrate risk and operating protocols.
Proximity to diversified employers supports workforce housing demand and commute convenience, with exposure to energy, aerospace, distribution, and technology. The following nearby firms anchor the regional employment base referenced here.
- L-3 Telemetry & RF Products — defense & aerospace (9.6 miles)
- Sempra Energy — energy infrastructure (9.7 miles) — HQ
- Sysco — foodservice distribution (13.7 miles)
- Qualcomm — telecommunications (15.5 miles) — HQ
- Celgene Corporation — biopharma (15.7 miles)
9209 Kenwood Dr combines durable demand drivers with clear operational levers. Neighborhood occupancy trends sit above national averages and renter concentration is high versus national norms, indicating depth of tenant demand and support for leasing stability. A high-cost ownership landscape in San Diego County also reinforces reliance on rental housing, while rent-to-income levels in this neighborhood appear comparatively manageable, helping mitigate retention risk.
Built in 1975, the property may benefit from targeted value-add and systems modernization to sharpen competitiveness against slightly newer local stock. Within a 3-mile radius, recent and projected increases in population and households — alongside a gradual shift toward smaller households — point to a larger renter pool over time. According to WDSuite's commercial real estate analysis, these factors align with steady occupancy and the potential to maintain pricing power with disciplined revenue management.
- Above-average neighborhood occupancy supports revenue stability
- High home values locally sustain renter reliance on multifamily
- 1975 vintage offers actionable value-add and capex planning opportunities
- 3-mile growth in households and incomes expands the tenant base
- Risks: below-national safety percentiles and limited immediate amenity density warrant conservative operations