| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 30th | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1475 Oak Dr, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1973 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1475 Oak Dr Vista Multifamily Investment
This 76-unit property built in 1973 operates in a neighborhood with 99.6% occupancy and strong renter demand, according to CRE market data from WDSuite.
The Vista neighborhood ranks in the top quartile nationally for occupancy at 99.6%, indicating strong rental demand stability among the 621 San Diego metro neighborhoods. With 56.1% of housing units renter-occupied, the area maintains a substantial tenant base supported by median household income of $72,240 and contract rents averaging $1,786.
Built in 1973, this property predates the neighborhood's 1990 average construction year, presenting potential value-add opportunities through strategic capital improvements. Demographic data within a 3-mile radius shows a population of 73,526 with 44.6% renter-occupied units, while forecasts project household growth to 29,719 by 2028—a 36% increase that supports expanding rental demand.
The neighborhood offers strong amenity density with 6.16 grocery stores per square mile (97th percentile nationally) and 2.46 cafes per square mile (96th percentile nationally), supporting tenant retention. However, investors should note the area ranks below metro median for school ratings and has limited park access, which may influence family tenant demographics.
Crime metrics show mixed trends for investor consideration. Property offense rates of 1,581 per 100,000 residents place the neighborhood at 344th among 621 San Diego metro neighborhoods, while violent crime rates of 378 per 100,000 residents rank 423rd. However, violent crime has declined 14.2% year-over-year, indicating improving conditions that may support tenant retention and property values.
The Vista area benefits from proximity to major corporate employers that support workforce housing demand, with Gilead Sciences and several Qualcomm facilities within commuting distance.
- Gilead Sciences — biotechnology (4.4 miles)
- Nrg Energy — energy services (8.5 miles)
- Qualcomm — technology HQ (22.3 miles)
- Celgene Corporation — pharmaceuticals (23.1 miles)
This 76-unit Vista property offers investors exposure to a high-occupancy rental market with demonstrated demand stability. The neighborhood's 99.6% occupancy rate and substantial renter population of 56.1% provide a foundation for consistent cash flow, while the property's 1973 vintage presents value-add potential through strategic renovations that could capture higher rents in a market where contract rents average $1,786.
Demographic projections within the 3-mile radius show household growth of 36% by 2028, expanding the potential tenant base while median income forecasts of $147,617 suggest strengthening rent-paying capacity. The location benefits from exceptional amenity density and proximity to major employers including Gilead Sciences and Qualcomm, supporting long-term rental demand fundamentals.
- Neighborhood occupancy of 99.6% ranks top quartile nationally among 621 metro neighborhoods
- Projected 36% household growth by 2028 supports expanding rental demand
- 1973 construction provides value-add renovation opportunities in strong rental market
- Risk consideration: Below-average school ratings may limit family tenant appeal