| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 30th | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1225 Palomar Pl, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1974 |
| Units | 112 |
| Transaction Date | 2005-05-25 |
| Transaction Price | $2,148,500 |
| Buyer | CASA ANTIGUA APARTMENT HOMES LP |
| Seller | TOSU EAST LLC |
1225 Palomar Pl Vista Multifamily Investment
This 112-unit property built in 1974 operates in a neighborhood with 99.6% occupancy and strong rental demand fundamentals. According to CRE market data from WDSuite, the area ranks in the top quartile nationally for housing metrics among 621 metro neighborhoods.
The Vista neighborhood demonstrates solid multifamily fundamentals with 99.6% occupancy, ranking 64th among 621 San Diego metro neighborhoods and placing in the 96th percentile nationally. With 56.1% of housing units renter-occupied, the area maintains a strong rental base that supports consistent tenant demand.
Demographics within a 3-mile radius show a stable tenant pool of 74,149 residents with median household income of $95,145. The area projects 6.1% population growth through 2028, with household formation expected to increase rental demand. Median contract rent of $1,885 reflects market positioning, while the rent-to-income ratio suggests manageable affordability for area renters.
The neighborhood offers solid amenity access with 6.16 grocery stores per square mile (97th percentile nationally) and 2.46 cafes per square mile (96th percentile nationally). Restaurant density of 4.93 per square mile supports lifestyle appeal for tenants. However, school ratings average 1.0 out of 5, ranking in the 15th percentile nationally, which may limit appeal to families with school-age children.
Built in 1974, this property aligns with the neighborhood's average construction year of 1990, indicating potential value-add opportunities through strategic renovations and unit upgrades. The vintage suggests capital expenditure planning for systems updates while offering upside potential through modernization initiatives.
Crime metrics show mixed trends in the Vista neighborhood. Property offense rates rank 344th among 621 metro neighborhoods (14th percentile nationally), indicating higher property crime levels compared to national averages. However, violent crime trends show improvement with a 14.2% decrease over the past year, ranking 136th in the metro (64th percentile nationally).
Investors should factor crime considerations into security measures and tenant retention strategies. The improving violent crime trend provides a positive indicator, while property crime levels warrant attention to building security and tenant safety protocols.
The Vista area benefits from proximity to major corporate employers that support workforce housing demand, including biotechnology, energy, and technology companies within commuting distance.
- Gilead Sciences — biotechnology (4.3 miles)
- Nrg Energy — energy services (8.6 miles)
- Qualcomm — technology HQ (22.5 miles)
- Celgene Corporation — pharmaceuticals (23.3 miles)
- Sempra Energy — utilities HQ (34.9 miles)
This 112-unit Vista property presents a value-add opportunity in a market with exceptional occupancy fundamentals. The neighborhood's 99.6% occupancy rate ranks in the top quartile nationally, while the 56.1% renter-occupied housing share supports sustained rental demand. Built in 1974, the property offers renovation upside potential through unit modernization and common area improvements.
Demographics within a 3-mile radius project 6.1% population growth through 2028, with household income growth supporting rental rate progression. The area's strong amenity density, including grocery and restaurant access in the 96th percentile nationally, enhances tenant retention potential. However, investors should plan for capital expenditures given the property's vintage and consider the impact of below-average school ratings on family tenant segments.
- Exceptional neighborhood occupancy at 99.6% ranks top quartile nationally
- Strong rental demand with 56.1% of housing units renter-occupied
- Value-add potential through renovation of 1974 vintage property
- Population growth of 6.1% projected through 2028 supports tenant demand
- Risk consideration: Below-average school ratings may limit family tenant appeal