| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 30th | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1376 Bonair Rd, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1979 |
| Units | 26 |
| Transaction Date | 1993-12-23 |
| Transaction Price | $227,000 |
| Buyer | STEWART PAULINE B |
| Seller | VOZZA JOSEPH |
1376 Bonair Rd Vista Multifamily Investment
Neighborhood fundamentals point to strong renter demand and high occupancy stability, according to WDSuite s CRE market data. This submarket s tight vacancy profile and elevated ownership costs support steady leasing for well-managed assets.
Situated in Vista within the San Diego Chula Vista Carlsbad metro, the neighborhood carries a B+ rating and ranks 223 out of 621 metro neighborhoods, indicating competitive positioning among local peers. Neighborhood occupancy is in the top quartile nationally and ranks 64 of 621 in the metro, signaling stable income durability for multifamily assets when professionally operated.
Livability drivers are solid for renters: grocery and caf e9 density ranks near the top of the metro and tests well nationally, supporting day-to-day convenience. Park acreage is limited within neighborhood boundaries, so investors often lean on on-site or nearby private amenities to bolster curb appeal and retention. Average school ratings trend below national norms, which can shape the resident mix and should be considered in marketing strategy.
The area s renter concentration is elevated at the neighborhood level (a majority of housing units are renter-occupied), which deepens the tenant base and supports renewal velocity. Median contract rents in the neighborhood are above many U.S. areas, while the rent-to-income profile suggests some affordability pressure; thoughtful lease management and value positioning can help sustain occupancy without overreaching on pricing.
Vintage context: the property s 1979 construction is older than the neighborhood s average vintage (1990). Investors should underwrite ongoing capital planning and consider targeted renovations to capture value-add upside versus newer competitive stock.
Within a 3-mile radius, demographics indicate a large renter pool with household incomes that have risen materially in recent years and are projected to continue growing. While the local population dipped modestly in the prior period, forecasts point to growth in both population and households, expanding the prospective tenant base and supporting occupancy stability over the next cycle.
Safety trends are mixed. Relative to U.S. neighborhoods, the area sits below the national safety average (crime metrics test in lower national percentiles), while within the San Diego Chula Vista Carlsbad metro it tracks around the middle of the pack (crime rank 313 out of 621). For investors, this suggests standard, not elevated, operating vigilance well-targeted security measures and lighting can support resident comfort and retention.
Notably, recent violent offense estimates show improvement year over year, indicating a constructive direction. As always, underwriting should focus on property-level controls and engagement with local resources, recognizing that safety statistics reflect broader neighborhood conditions rather than this specific asset.
Nearby employers anchor a diverse job base that supports renter demand and commute convenience, including biotechnology, energy, food distribution, and technology offices: Gilead Sciences, NRG Energy, Sysco, Qualcomm, and Celgene.
- Gilead Sciences biotechnology (4.4 miles)
- NRG Energy energy (8.4 miles)
- Sysco food distribution (21.7 miles)
- Qualcomm semiconductors & wireless (22.1 miles) HQ
- Celgene Corporation biotechnology (23.0 miles)
This 26-unit asset in Vista benefits from a neighborhood with high occupancy and strong renter concentration, supporting consistent leasing performance. Elevated home values in the area point to a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and, by extension, pricing power when operations are disciplined. According to CRE market data from WDSuite, the neighborhood s occupancy performance is competitive among San Diego area neighborhoods and tests in the top quartile nationally, a constructive backdrop for income stability.
Built in 1979, the property is older than the neighborhood s average vintage, creating a clear value-add angle through strategic renovations and systems upgrades. Within a 3-mile radius, projections show growth in both population and households, expanding the renter pool and supporting forward leasing momentum. Investors should balance these strengths with measured attention to affordability pressure and local school ratings when shaping unit finishes, amenities, and marketing.
- Tight neighborhood occupancy supports income durability and renewal velocity.
- High-cost ownership market sustains multifamily demand and pricing discipline.
- 1979 vintage offers renovation and value-add potential versus newer stock.
- 3-mile forecasts indicate renter pool expansion, aiding lease-up and retention.
- Risks: affordability pressure, below-average school ratings, and standard operating vigilance on safety.