| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 26th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 702 Hillside Ter, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1988 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
702 Hillside Ter, Vista CA Multifamily Investment
Neighborhood occupancy is about 97% and renter concentration is high, supporting stable demand according to WDSuite’s CRE market data. This positioning in Vista’s urban core favors durable leasing with room to compete on quality over concessions.
Located in Vista’s Urban Core, the property benefits from a renter-occupied housing share near 67% at the neighborhood level, indicating a deep tenant base for multifamily demand rather than ownership turnover. Neighborhood occupancy is in the top quartile nationally, suggesting steady leasing conditions relative to many U.S. submarkets.
Amenity access is a local strength: restaurants and cafes rank in high national percentiles, and grocery and pharmacy access also test above typical U.S. levels. Within the San Diego–Chula Vista–Carlsbad metro, overall neighborhood performance is above the metro median (rank 261 of 621), translating to competitive livability for workforce households.
The 1988 vintage is newer than the neighborhood’s average construction year (1967), which can be advantageous versus older competing stock. Investors should still plan for systems updates and selective renovations to preserve competitiveness as newer supply sets quality benchmarks.
Within a 3-mile radius, median contract rents have risen over the last five years while household incomes also advanced, and forecasts point to population and household growth through 2028. A projected increase in households alongside slightly smaller household sizes implies a larger renter pool over time, which supports occupancy stability for well-managed assets.
Home values in the neighborhood sit at elevated levels for the region, and the value-to-income ratio is high compared with national norms. For multifamily, a high-cost ownership landscape tends to sustain renter reliance, supporting retention and pricing power, while rent-to-income around 28% warrants routine lease management and renewal strategies.
Safety metrics for the neighborhood trail national benchmarks, with both violent and property offense rates in lower national percentiles. Within the San Diego–Chula Vista–Carlsbad metro, the neighborhood’s crime positioning sits around the middle of 621 neighborhoods, signaling conditions that are not among the metro’s strongest. Recent data shows a notable year-over-year improvement in violent offense rates, which is a constructive trend to monitor over subsequent periods.
Nearby employers anchor a diverse workforce and support renter demand through commute convenience, including biotech, energy, distribution, and technology roles listed below.
- Gilead Sciences — biotech (3.3 miles)
- NRG Energy — energy (7.4 miles)
- Sysco — foodservice distribution (21.7 miles)
- Qualcomm — semiconductors & wireless (21.7 miles) — HQ
- Celgene Corporation — biotech (22.5 miles)
702 Hillside Ter offers scale at 64 units in a neighborhood with top-quartile national occupancy and a renter-heavy housing base, supporting durable absorption and renewal prospects. The 1988 vintage is newer than the local average stock, positioning the asset to compete on unit size and functionality, with targeted modernization and systems planning likely to enhance rent achievement versus older comparables. According to CRE market data from WDSuite, elevated ownership costs locally tend to reinforce multifamily demand, while rent-to-income levels suggest measured pricing with attention to renewal retention.
Within a 3-mile radius, forward-looking demographics indicate projected population growth and a sizable increase in households alongside shrinking household size, pointing to a broader tenant base and support for occupancy stability. Amenity density—especially food, beverage, and daily-needs retail—adds to renter convenience, which can aid leasing velocity and retention for well-managed properties.
- Neighborhood occupancy strength and high renter concentration support stable leasing
- 1988 vintage offers competitive positioning versus older local stock with value-add potential
- Projected 3-mile household growth expands the tenant base, supporting absorption
- Risk: safety metrics below national benchmarks and rent-to-income near 28% warrant prudent lease management