| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 38th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1515 Date St, Vista, CA, 92083, US |
| Region / Metro | Vista |
| Year of Construction | 1990 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1515 Date St Vista Multifamily Investment Overview
Neighborhood occupancy is persistently high with limited turnover, supporting steady collections according to WDSuite’s CRE market data, while a sizable renter-occupied housing share indicates depth in the tenant base at the neighborhood level.
Positioned in Vista, 1515 Date St sits within an Urban Core neighborhood rated B- where occupancy trends are a standout: the neighborhood s occupancy is in the top quartile nationally and above metro norms, a backdrop that supports income stability and reduces lease-up risk for multifamily assets.
Livability indicators are mixed but serviceable for workforce renters. Restaurants are comparatively dense for the metro, and park access ranks competitively, while cafes, groceries, and pharmacies are thinner in the immediate blocks residents typically rely on nearby corridors for essentials. Average school ratings track below national medians; investors should calibrate unit mix and marketing toward renter segments less driven by school performance.
Home values in the neighborhood are elevated relative to incomes, and the metro-leading value-to-income ratio suggests a high-cost ownership market. This dynamic generally sustains reliance on multifamily housing and can support lease retention and pricing power, though rent-to-income ratios point to affordability pressures that merit proactive renewal management.
Within a 3-mile radius, demographics show modest population growth alongside an increase in households and rising incomes, with forecasts indicating continued household formation through the next five years. This points to a larger tenant base over time and supports occupancy stability, particularly for well-managed properties.
The property s 1990 vintage is slightly newer than the neighborhood s average building year, offering relative competitiveness versus older stock. Investors should still plan for targeted modernization of interiors and systems to align with current renter expectations and to capture value-add upside.
Safety indicators are mixed and should be contextualized at the neighborhood level rather than the property. The neighborhood ranks 360 out of 621 metro neighborhoods for crime, placing it below the metro median and below national medians overall. Recent trend data are directionally mixed: property offenses show year-over-year improvement, while violent offenses have risen over the same period. Investors should underwrite prudent security practices and consider lighting, access control, and resident engagement.
Nearby employers span biotech/pharma, energy, technology, and food distribution, supporting a diversified renter pool and commute convenience for workforce housing. The list below highlights notable anchors within a commutable radius that can underpin leasing stability.
- Gilead Sciences biotech & pharma offices (1.6 miles)
- Nrg Energy energy services (5.2 miles)
- Qualcomm technology & corporate offices (20.9 miles) HQ
- Celgene Corporation biotech & pharma offices (21.6 miles)
- Sysco food distribution (21.9 miles)
1515 Date St benefits from a neighborhood with top-quartile occupancy and a meaningful renter-occupied housing share, signaling durable demand and limited downtime risk. According to CRE market data from WDSuite, neighborhood occupancy outperforms metro and national benchmarks, while elevated ownership costs in San Diego County reinforce reliance on rental housing, supporting retention and rent growth management. The 1990 construction provides a competitive edge versus older stock and creates clear value-add pathways through selective interior and system upgrades.
Within a 3-mile radius, modest population growth, expanding household counts, and rising incomes point to a growing tenant base over the medium term. Amenity access is strongest for parks and dining, with thinner daily-needs retail close-in a manageable factor with targeted resident services and marketing. Investors should also account for affordability pressures (given rent-to-income dynamics) and mixed safety trends when planning renewals, capital improvements, and on-site operations.
- Top-quartile neighborhood occupancy supports income stability and minimizes lease-up risk.
- High-cost ownership market sustains renter reliance, aiding pricing power and retention.
- 1990 vintage offers competitive positioning with clear value-add modernization potential.
- 3-mile household and income growth expand the tenant base and support occupancy.
- Risks: affordability pressure, mixed safety indicators, and limited near-block daily-needs retail.