| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 26th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1212 Calle Jules, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2010-06-14 |
| Transaction Price | $2,475,000 |
| Buyer | KO KIU YUEN |
| Seller | SEDLOFF MICHAEL L |
1212 Calle Jules, Vista CA 20-Unit Multifamily
Neighborhood occupancy remains firm and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. Expect steady leasing fundamentals with thoughtful pricing and renewal management.
This Urban Core Vista location offers strong daily conveniences and lifestyle access. The neighborhood’s amenity profile is competitive among 621 San Diego metro neighborhoods (ranked 66th), with national concentrations of restaurants, cafes, groceries, parks, and pharmacies testing in the higher percentiles. That breadth of nearby services typically supports resident retention and reduces drive-time friction for tenants.
Renter demand signals are constructive: neighborhood occupancy is reported at 97.1% (above the national average), and the share of housing units that are renter-occupied is elevated at the neighborhood level, indicating a deep tenant base relative to many peer areas. Median contract rents sit in a higher national bracket, so operators should emphasize value communication and amenity upkeep to sustain renewal velocity.
Home values are elevated for the region, which tends to sustain reliance on rental housing and supports pricing power when units are well-maintained. At the same time, rent-to-income indicators suggest some affordability pressure; prudent lease management and measured increases are advisable to protect retention.
Demographic statistics are aggregated within a 3-mile radius: recent years show modest population softness but material income gains, with forecasts pointing to a return to population growth and a notable increase in household counts alongside smaller average household sizes. For investors, that combination typically expands the renter pool and supports occupancy stability, particularly for well-located assets with efficient unit mixes.
Vintage context: the asset was built in 1988, newer than the neighborhood’s average construction year of 1967. That relative youth can be a competitive advantage versus older stock, while still presenting selective value-add or systems modernization opportunities during hold.
Safety indicators for the neighborhood are mixed. Compared with other San Diego metro neighborhoods (621 total), the area sits near the middle of the pack, with crime levels below the national median safety percentile. However, recent data show a meaningful year-over-year improvement in violent offense rates, which is a constructive trend to monitor for underwriting and operations.
Investors should underwrite appropriate security, lighting, and resident engagement practices, and track local trends over time rather than relying on block-level assumptions.
Nearby corporate employers help anchor the local workforce and support renter retention through commute convenience. Key nodes include life sciences, energy, food distribution, and technology offices listed below.
- Gilead Sciences — life sciences (3.8 miles)
- NRG Energy — energy (7.9 miles)
- Sysco — food distribution (21.8 miles)
- Qualcomm — technology (22.0 miles) — HQ
- Celgene Corporation — life sciences (22.8 miles)
This 20-unit, 1988-vintage Vista asset benefits from durable renter demand in a high-cost ownership market and a neighborhood occupancy profile that has remained strong relative to broader benchmarks. According to CRE market data from WDSuite, elevated renter concentration and robust amenity access support leasing stability, while the property’s newer-than-average vintage versus local stock provides an avenue to compete effectively with targeted renovations rather than full repositioning.
Within a 3-mile radius, forecasts point to renewed population growth, rising household counts, and smaller average household sizes—factors that typically expand the tenant base and support occupancy. Operators should balance pricing power with sensitivity to rent-to-income dynamics, using strategic renewals and amenity upkeep to sustain retention.
- High neighborhood occupancy and elevated renter-occupied share support steady leasing
- 1988 vintage offers competitive positioning with selective value-add potential
- Strong amenity access and major employment nodes underpin renter demand
- High-cost ownership market reinforces rental reliance and pricing resilience
- Risk: affordability pressure and local safety variability warrant active lease and OPEX management