| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 40th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1370 Calle Jules, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1973 |
| Units | 64 |
| Transaction Date | 2011-04-19 |
| Transaction Price | $7,350,000 |
| Buyer | Daniel Williams |
| Seller | Okovita Family Trust / M.S. Browar Family |
1370 Calle Jules Vista Multifamily Investment
Neighborhood data point to a deep renter base and solid pricing power relative to incomes, according to WDSuite’s CRE market data, though leasing performance varies by micro-location. Expect demand supported by a competitive renter-occupied share while monitoring local occupancy trends for stability.
This Inner Suburb location in Vista sits in a neighborhood rated C+ out of 621 San Diego metro neighborhoods, placing it above the metro median for overall performance. Amenity access trends are mixed: grocery and restaurants index strong (both in the 80s by national percentile), while parks, pharmacies, and cafes are sparse within the immediate neighborhood footprint. For families, average school ratings are competitive among San Diego neighborhoods (ranked 165 of 621; 61st percentile nationally), which helps support household retention.
Renter-occupied housing represents a competitive share of units in the neighborhood (ranked 207 of 621; 85th percentile nationally), signaling depth in the tenant base for multifamily owners. By contrast, neighborhood occupancy is below the metro average, indicating leasing execution and renewal strategy are important to maintain stability. Neighborhood-average NOI per unit trends in the 80s by national percentile, suggesting operators have historically found ways to drive income even amid varied occupancy.
Within a 3-mile radius, recent data show a modest population dip over the last five years but a projected return to growth by 2028 alongside an increase in household counts and higher median incomes. This combination points to a larger tenant base ahead and supports rent durability, especially as household sizes are expected to edge lower, bringing more households into the market.
Ownership costs in the neighborhood are elevated relative to incomes (home values and value-to-income ratios sit in the upper national percentiles). That high-cost ownership context tends to sustain renter reliance on multifamily housing, bolstering pricing power and reducing move-outs to ownership, while the current rent-to-income ratio indicates manageable affordability pressure compared with many coastal markets.
The property’s 1973 construction predates the neighborhood’s average vintage (1996). Investors should underwrite for capital expenditures and consider value-add improvements that can sharpen competitive positioning against newer stock while leveraging the area’s renter demand.
Safety indicators are mixed and should be underwritten conservatively. The neighborhood’s crime profile ranks below the San Diego metro average (ranked 474 of 621), and national positioning sits in the lower percentiles, indicating comparatively higher reported incidents than many U.S. neighborhoods.
Recent trends show a modest one-year uptick in violent offenses and comparatively steady property offenses. For investors, this argues for practical security measures, resident engagement, and thoughtful leasing practices, especially when targeting workforce households who prioritize well-managed on-site operations.
Nearby employers span biotech, energy, distribution, and technology, supporting a diverse commuter base that can reinforce multifamily demand and resident retention. Specifically, Gilead Sciences, NRG Energy, Sysco, Qualcomm, and Celgene provide varied white- and blue-collar employment within commuting distance.
- Gilead Sciences — biotech (3.9 miles)
- NRG Energy — energy (8.1 miles)
- Sysco — foodservice distribution (22.0 miles)
- Qualcomm — wireless & semiconductors (22.3 miles) — HQ
- Celgene Corporation — biopharma (23.1 miles)
1370 Calle Jules is a 64-unit, 1973-vintage multifamily asset positioned in a Vista neighborhood with a competitive renter-occupied share and strong grocery/restaurant access, according to CRE market data from WDSuite. The neighborhood’s below-metro-average occupancy underscores the importance of hands-on leasing and renewals, yet elevated ownership costs and a high national percentile for renter concentration support a durable tenant base. Within a 3-mile radius, forecasts point to population growth, a notable increase in households, and higher incomes through 2028, which together support rent resilience and potential absorption.
Given its older vintage relative to the neighborhood average, the asset lends itself to targeted value-add and systems modernization to compete with newer stock. Neighborhood-average NOI per unit sits in a strong national percentile, suggesting operators can capture income with the right capital plan and operating discipline, while acknowledging safety and leasing variability as underwrite items rather than structural hurdles.
- Competitive renter base and elevated ownership costs reinforce rental demand
- 1973 vintage offers value-add potential to enhance positioning
- 3-mile forecasts indicate population and household growth supporting absorption
- Strong neighborhood-average NOI per unit suggests income capture with execution
- Risks: below-metro occupancy and safety metrics require proactive operations