| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 30th | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1466 Bonair Rd, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1982 |
| Units | 82 |
| Transaction Date | 2008-09-04 |
| Transaction Price | $10,515,000 |
| Buyer | BOUGAINVILLEA APARTMENT HOMES LP |
| Seller | KW/WDC VISTA LLC |
1466 Bonair Rd Vista Multifamily Investment
This 82-unit property built in 1982 positions investors in a neighborhood with 99.6% occupancy rates and strong rental demand fundamentals. Commercial real estate analysis from WDSuite indicates the area maintains above-average renter retention with 56.1% of housing units occupied by renters.
The Vista neighborhood demonstrates solid fundamentals for multifamily investors, with neighborhood-level occupancy at 99.6% ranking in the 96th percentile nationally among comparable areas. At 56.1% of housing units renter-occupied, the area maintains a substantial rental base that supports consistent demand for multifamily properties.
Built in 1982, this property aligns with the neighborhood's average construction year of 1990, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The median contract rent of $1,786 positions the area competitively within the San Diego metro, while home values averaging $622,945 reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Demographics within a 3-mile radius show a population of 72,041 with household income averaging $120,919 and median income at $94,332. Projections indicate household growth of 36.5% by 2028, expanding the potential tenant base. The area benefits from strong amenity density, ranking in the 74th percentile nationally, with 6.16 grocery stores per square mile and accessible dining options supporting tenant retention.
The neighborhood earns a B+ rating with competitive positioning among the 621 neighborhoods in the San Diego metro. While school ratings average 1.0 out of 5, the area's urban core designation and amenity access appeal to working professionals and families prioritizing convenience and rental affordability over school districts.
Safety metrics present mixed signals for investor consideration. Property crime rates of 1,580 incidents per 100,000 residents rank 344th among 621 neighborhoods in the San Diego metro, placing the area above the median but below top-quartile performance. However, property crime increased 8.5% year-over-year, suggesting investors should monitor security trends and tenant retention patterns.
Violent crime shows more favorable trends, with rates declining 14.2% year-over-year, though the neighborhood ranks 423rd of 621 metro areas for violent crime rates. These mixed safety dynamics warrant attention during due diligence, particularly for properties targeting families or long-term tenants who prioritize neighborhood stability.
The Vista area benefits from proximity to major corporate employers that support workforce housing demand, including biotechnology and technology companies within commuting distance.
- Gilead Sciences — biotechnology (4.4 miles)
- Nrg Energy — energy services (8.5 miles)
- Sysco — food distribution (21.8 miles)
- Qualcomm — technology HQ (22.3 miles)
- Celgene Corporation — pharmaceuticals (23.1 miles)
This 82-unit Vista property offers investors exposure to a neighborhood with exceptional occupancy fundamentals, ranking in the 96th percentile nationally at 99.6%. The 1982 construction year presents value-add opportunities through strategic renovations while benefiting from a mature rental market with 56.1% of housing units occupied by renters. CRE market data from WDSuite supports the investment thesis with projected household growth of 36.5% by 2028, expanding the tenant pool significantly.
The property's location within San Diego's urban core benefits from strong amenity density and proximity to major employers including Gilead Sciences and Qualcomm's headquarters. While safety metrics require monitoring, the neighborhood's B+ rating and competitive positioning among 621 metro neighborhoods provide a solid foundation for long-term rental demand and occupancy stability.
- Exceptional occupancy at 99.6% ranks in 96th percentile nationally
- Strong rental market with 56.1% of housing units renter-occupied
- Projected household growth of 36.5% by 2028 expands tenant base
- Value-add potential through renovations of 1982 vintage property
- Risk consideration: Mixed safety trends require ongoing monitoring