| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 50th | Fair |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9735 Dale Ave, Spring Valley, CA, 91977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $957,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
9735 Dale Ave Spring Valley Multifamily Investment
This 24-unit property benefits from neighborhood-level occupancy of 97.9% and strong renter demand fundamentals. Market data from WDSuite indicates the area ranks in the 89th percentile nationally for occupancy stability.
The Spring Valley neighborhood demonstrates solid investment fundamentals with an A- rating and ranks 157th among 621 metro neighborhoods. Built in 1974, this property aligns with the neighborhood's average construction year of 1977, indicating consistent capital planning requirements across the area's multifamily stock.
Neighborhood-level occupancy reaches 97.9%, ranking in the 89th percentile nationally and reflecting strong tenant retention dynamics. With 43.5% of housing units renter-occupied, the area maintains a stable rental base while median contract rents of $1,843 support pricing power. The rent-to-income ratio of 0.21 suggests manageable affordability for tenants.
Demographics within a 3-mile radius show 114,220 residents with median household income of $93,883, up 34.2% over five years. The area's 40.3% renter share reinforces sustained multifamily demand, while projected household growth of 34.4% through 2028 indicates expansion in the potential tenant base. Home values averaging $671,832 with 44.2% appreciation help sustain rental demand by keeping ownership costs elevated relative to rental options.
Amenity density supports tenant appeal with 3.75 grocery stores per square mile ranking in the 93rd percentile nationally. The neighborhood also provides above-average access to pharmacies and childcare facilities, though park access ranks below metro averages. Average school ratings of 2.5 out of 5 reflect moderate educational quality in the immediate area.
Property crime rates in the neighborhood rank 396th among 621 metro neighborhoods, placing it in the lower quartile for property crime frequency. The estimated property offense rate of 1,902.6 per 100,000 residents represents a 1.3% year-over-year decline, indicating improving trends.
Violent crime metrics show higher relative rates, with the neighborhood ranking 502nd of 621 metro areas and placing in the 9th percentile nationally. However, investors should note that crime statistics reflect broader neighborhood patterns rather than property-specific conditions, and professional property management and security measures can help mitigate tenant concerns.
The Spring Valley area benefits from proximity to major San Diego employers, providing workforce housing opportunities for technology, energy, and corporate sector employees within reasonable commuting distance.
- L-3 Telemetry & RF Products — defense technology (10.2 miles)
- Sempra Energy — energy services (10.2 miles)
- Sempra Energy — energy services HQ (10.4 miles)
- Sysco — food distribution (13.8 miles)
- Qualcomm — technology HQ (16.1 miles)
This 24-unit property offers stable cash flow potential supported by neighborhood occupancy of 97.9% and average NOI per unit of $9,790, which ranks in the 78th percentile among metro neighborhoods. The 1974 construction year presents value-add opportunities through strategic renovations and unit improvements, while the 660 square foot average unit size aligns with affordable housing demand in the San Diego market.
According to CRE market data from WDSuite, demographic trends support long-term rental demand with projected household growth of 34.4% through 2028 and median income growth strengthening tenant payment capacity. The neighborhood's Inner Suburb classification and proximity to major employers like Qualcomm and Sempra Energy provide workforce housing advantages for professional tenants seeking commute convenience.
- Neighborhood occupancy of 97.9% ranks in 89th percentile nationally
- Value-add potential through 1974 vintage property improvements
- Projected 34.4% household growth supports tenant demand expansion
- Proximity to major employers including Qualcomm headquarters
- Higher crime rates require active management and security considerations