| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 53rd | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1914 Wellington Ln, Vista, CA, 92081, US |
| Region / Metro | Vista |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1914 Wellington Ln Vista Multifamily Investment Opportunity
Neighborhood occupancy is exceptionally tight and renter demand is durable, according to WDSuite’s CRE market data, supporting stable operations for well-located assets in Vista. Focus is on steady leasing fundamentals with potential to enhance competitiveness through targeted upgrades.
This Inner Suburb pocket of Vista shows strong operating fundamentals for multifamily. Neighborhood occupancy ranks first among 621 San Diego–Chula Vista–Carlsbad metro neighborhoods and sits in the top tier nationally, signaling limited availability and historically resilient lease-up for comparable product. Average NOI per unit trends in the top quartile nationally, per WDSuite, underscoring competitive revenue potential relative to peer areas.
The local renter base is deep, with roughly two-thirds of neighborhood housing units renter-occupied. For investors, that concentration translates to a broader tenant pool and supports ongoing demand. Within a 3-mile radius, demographics indicate a large resident base with projections of population growth and an increase in households over the next five years, expanding the renter pool and supporting occupancy stability for well-managed properties.
Daily-needs access is a practical advantage: grocery options test above many neighborhoods (nationally strong relative density), while the concentration of parks, pharmacies, and cafes is thinner. For workforce-oriented assets, this mix supports day-to-day convenience without relying on destination retail, though limited nearby recreation and cafe density may modestly cap lifestyle-driven premiums.
Constructed in 1989, the property is somewhat newer than the neighborhood’s average vintage. That positioning can be competitive versus older stock, while still benefiting from selective modernization (systems, exteriors, or common areas) to drive retention and rentability in a tight leasing environment.
Neighborhood safety indicators track below metro and national medians. Crime ranks in the lower half among 621 metro neighborhoods, and national comparisons place the area below average for both property and violent incidents. For investors, this calls for active on-site management, lighting and access controls, and resident engagement to support leasing and retention, while monitoring trend movement over time.
Proximity to established employers supports renter demand tied to biotech, energy, logistics, and technology employment nodes. Notable nearby employers include Gilead Sciences, NRG Energy, Qualcomm, Sysco, and Celgene.
- Gilead Sciences — biotech (5.0 miles)
- NRG Energy — power & energy services (6.1 miles)
- Qualcomm — semiconductors & telecom (18.7 miles) — HQ
- Sysco — foodservice distribution (18.8 miles)
- Celgene Corporation — biopharma (19.5 miles)
1914 Wellington Ln is a 24-unit multifamily asset positioned in a neighborhood with exceptionally tight occupancy and competitive NOI per unit relative to national peers. According to CRE market data from WDSuite, this area ranks at the top of the metro for occupancy, indicating limited availability and supporting steady leasing and pricing power for well-operated communities.
With construction in 1989, the asset is slightly newer than the area’s average vintage, offering a platform for targeted value-add—modernizing interiors, systems, and shared spaces to strengthen retention and push rents in line with local comparables. Within a 3-mile radius, projections for population growth and increasing households suggest a larger tenant base over the next five years, reinforcing demand durability. Balanced against this are affordability pressures (elevated rent-to-income at the neighborhood level) and below-average safety indicators, which call for attentive asset management and resident experience programs.
- Top-of-metro occupancy and competitive NOI per unit support stable leasing fundamentals
- 1989 vintage offers value-add potential to enhance competitiveness versus older stock
- 3-mile projections point to population and household growth, expanding the renter pool
- Nearby biotech, energy, logistics, and tech employers bolster workforce housing demand
- Risks: affordability pressure and below-average safety require active management and prudent underwriting