| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 30th | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1440 Oak Dr, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1982 |
| Units | 82 |
| Transaction Date | 2008-09-04 |
| Transaction Price | $9,747,500 |
| Buyer | LAS TERRAZAS APARTMENT HOMES LP |
| Seller | KW/WDC VISTA LLC |
1440 Oak Dr Vista Multifamily Investment
This 82-unit property built in 1978 operates in a neighborhood with 99.6% occupancy rates and strong rental demand fundamentals, according to CRE market data from WDSuite.
The Vista neighborhood ranks in the top quartile nationally for occupancy stability, with neighborhood-level occupancy reaching 99.6% among 621 metro neighborhoods. This Urban Core location demonstrates above-average rental demand, with 56.1% of housing units occupied by renters compared to regional norms. Current median rents of $1,786 position the area competitively within the San Diego metro, while demographic data aggregated within a 3-mile radius shows household income growth of 93% over five years.
The property's 1978 construction year presents value-add renovation opportunities, as the neighborhood's average construction year is 1990. This vintage differential may support capital improvement strategies to capture higher rents and improve competitive positioning. Population projections indicate 6.1% growth through 2028, supporting expansion of the renter pool and sustained multifamily demand.
Amenity density supports tenant retention, with the neighborhood ranking in the 97th percentile nationally for grocery access and 96th percentile for cafe availability. The area maintains strong walkability fundamentals with 6.16 grocery stores per square mile and diverse dining options. However, limited park access ranks at the bottom nationally, which may affect tenant appeal for families with children.
Safety metrics present mixed trends for investor consideration. Property crime rates rank 344th among 621 metro neighborhoods, placing the area below regional medians with an estimated rate of 1,581 incidents per 100,000 residents. However, violent crime shows improvement with a 14.2% decrease year-over-year, ranking in the 64th percentile nationally for crime reduction trends.
While current crime levels require monitoring for tenant retention and leasing velocity, the downward trajectory in violent offenses suggests stabilizing conditions. Investors should factor security considerations into capital planning and evaluate how safety perceptions may influence renewal rates and market positioning.
The employment base includes biotechnology and corporate offices within commuting distance, supporting workforce housing demand in the Vista submarket.
- Gilead Sciences — biotechnology (4.3 miles)
- Nrg Energy — energy services (8.4 miles)
- Qualcomm — technology headquarters (22.3 miles) — HQ
- Celgene Corporation — pharmaceuticals (23.1 miles)
The Vista property offers stable cash flow fundamentals anchored by exceptional neighborhood occupancy of 99.6% and a 56.1% rental share that sustains multifamily demand. Built in 1978, the asset presents value-add renovation opportunities to capture rent premiums in a market where median household incomes have grown 93% over five years. Population growth projections of 6.1% through 2028 support expanding renter pools, while proximity to major employers like Gilead Sciences and Qualcomm provides workforce housing appeal.
Commercial real estate analysis from WDSuite indicates the neighborhood ranks competitively for amenity access and rental demand stability. However, investors should monitor below-average safety metrics and limited recreational amenities that may affect long-term tenant retention and competitive positioning within the broader San Diego multifamily market.
- Exceptional 99.6% neighborhood occupancy supports stable cash flow
- 1978 vintage enables value-add renovation strategies
- 6.1% projected population growth expands tenant base through 2028
- Proximity to biotechnology and technology employment centers
- Below-average safety metrics require ongoing management attention