| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 30th | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1390 Bonair Rd, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1979 |
| Units | 26 |
| Transaction Date | 1994-05-18 |
| Transaction Price | $177,000 |
| Buyer | STEWART PAULINE B |
| Seller | VOZZA JOSEPH |
1390 Bonair Rd Vista Multifamily Investment
This 1979-built 26-unit property operates in a neighborhood with 99.6% occupancy rates, ranking in the top 10% nationally. Strong fundamentals support tenant retention in Vista's competitive rental market.
Located in Vista's Urban Core, this neighborhood demonstrates solid investment fundamentals with occupancy rates of 99.6%, ranking 64th among 621 San Diego metro neighborhoods and placing in the 96th percentile nationally. The area maintains a 56.1% renter-occupied housing share, well above metro averages and ranking in the 92nd percentile nationally, indicating strong rental demand depth.
The 1979 construction year aligns closely with the neighborhood's 1990 average, positioning this property within established building stock. Given the vintage, investors should anticipate capital expenditure needs while evaluating value-add renovation opportunities that could enhance competitive positioning and rental premiums.
Demographic data within a 3-mile radius shows a stable tenant base with 73,744 residents and median household income of $94,138. Five-year projections indicate 6.5% population growth and 35.8% household formation, expanding the renter pool and supporting occupancy stability. Current median rents of $1,905 are forecast to reach $2,687 by 2028, representing 41% growth potential.
The neighborhood offers strong amenity density with 6.16 grocery stores per square mile, ranking in the 97th percentile nationally, alongside competitive restaurant and cafe access. However, school ratings average 1.0 out of 5, ranking in the bottom quartile among metro neighborhoods, which may limit appeal to family renters but supports workforce housing demand.
Crime metrics show mixed trends requiring careful consideration. Property offense rates of 1,581 per 100,000 residents rank 344th among 621 metro neighborhoods, placing in the 14th percentile nationally. However, violent crime rates show improvement with a 14.2% year-over-year decline, ranking in the 64th percentile for positive trend direction.
While property crime levels remain elevated compared to regional averages, the declining violent crime trend suggests improving conditions. Investors should factor security considerations into property management strategies and evaluate how safety perceptions may influence tenant retention and lease-up velocity.
The Vista area benefits from proximity to major corporate employers, providing workforce housing opportunities for commuting professionals in biotechnology, energy, and technology sectors.
- Gilead Sciences — biotechnology (4.4 miles)
- Nrg Energy — energy services (8.4 miles)
- Qualcomm — technology HQ (22.2 miles)
- Celgene Corporation — pharmaceutical (23.0 miles)
This Vista property operates in a neighborhood with exceptional occupancy fundamentals, ranking in the top 10% nationally at 99.6%, according to CRE market data from WDSuite. The 1979 vintage presents value-add renovation opportunities while strong renter demand depth, evidenced by 56.1% rental tenure, supports stable cash flows. Demographic projections show 6.5% population growth and 35.8% household formation over five years, expanding the tenant base.
Rent growth potential appears robust with current median rents of $1,905 projected to reach $2,687 by 2028, representing 41% upside. The property benefits from excellent amenity access and proximity to major employers like Gilead Sciences and Qualcomm, supporting workforce housing demand. However, elevated property crime rates and below-average school ratings may influence tenant mix and require focused property management strategies.
- Top 10% occupancy performance nationally at 99.6%
- Strong rental demand with 56.1% renter-occupied housing share
- 41% projected rent growth potential through 2028
- Value-add renovation opportunities given 1979 vintage
- Property crime rates above metro averages require management consideration