| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 40th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 Cedar Rd, Vista, CA, 92083, US |
| Region / Metro | Vista |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | 1996-02-05 |
| Transaction Price | $1,750,000 |
| Buyer | J C GATES & CO INC |
| Seller | CEDAR WOODS LLC |
210 Cedar Rd Vista CA Multifamily Opportunity
Neighborhood occupancy is strong with a deep renter base, supporting durable tenancy according to WDSuite’s CRE market data.
Located in Vista within the San Diego–Chula Vista–Carlsbad metro, the property sits in a neighborhood that rates "A" for overall fundamentals and is classified as Urban Core. Daily-needs access is a strength: grocery, pharmacy, parks, and cafes are dense by national standards, placing amenities in the top percentiles nationally. For multifamily, this concentration of services typically supports leasing velocity and retention.
Neighborhood occupancy is competitive among San Diego–Chula Vista–Carlsbad neighborhoods (621 total), and the share of renter-occupied housing units is high, indicating a sizable tenant pool for workforce and market-rate product. Median home values in the area are elevated versus many U.S. neighborhoods, which reinforces reliance on rental housing and can underpin pricing power when managed thoughtfully.
Schools average around 4 out of 5 and sit above national norms, a factor that can aid family renter retention. At the same time, rent levels in the neighborhood track above the national median while the rent-to-income ratio remains manageable, suggesting some room for disciplined rent growth with attention to affordability and lease management.
Demographics aggregated within a 3-mile radius show steady population growth and an increase in households, with forecasts pointing to further household expansion and a gradual reduction in average household size. For investors, that implies a larger renter base over time and demand that skews toward professionally managed multifamily, based on CRE market data from WDSuite.
Relative to neighborhoods nationwide, local safety indicators are below the national median; investors should underwrite prudent security and operating measures. That said, recent trend data shows year-over-year declines in both violent and property offenses, according to WDSuite, which can support stability if the trend persists.
Within the San Diego–Chula Vista–Carlsbad metro (621 neighborhoods), the area’s positioning is mixed compared with peers, so property-level practices (lighting, access control, and resident engagement) remain important to support leasing and retention.
Proximity to life sciences, energy, and technology employers supports renter demand and commute convenience for residents, including Gilead Sciences, NRG Energy, Qualcomm, and Celgene.
- Gilead Sciences — biopharma (1.5 miles)
- NRG Energy — energy services (4.7 miles)
- Qualcomm — semiconductor & wireless (20.8 miles) — HQ
- Celgene Corporation — biopharma (21.4 miles)
This 24-unit asset, built in 1990, is newer than the neighborhood’s average vintage and can compete well against older stock while still offering scope for targeted modernization and systems upgrades. The surrounding neighborhood shows strong occupancy and a high share of renter-occupied housing units, reinforcing depth of demand. Elevated ownership costs in the area tend to sustain reliance on multifamily rentals, and schools and amenities perform above national norms—factors that can support retention.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, while average household size trends lower—patterns that typically broaden the renter pool and support occupancy stability. According to commercial real estate analysis from WDSuite, neighborhood rents are above national medians but rent-to-income levels remain manageable, suggesting potential for disciplined rent growth with careful affordability management.
- 1990 vintage offers relative competitiveness vs. older local stock, with value-add potential through targeted updates.
- Strong neighborhood occupancy and high renter-occupied share indicate a deep tenant base and leasing resilience.
- Amenity- and school-rich location supports retention and long-term demand fundamentals.
- Manageable rent-to-income levels provide room for disciplined pricing while monitoring affordability risk.
- Risk: Safety metrics sit below national medians; underwriting should include property-level security and active management.