| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 40th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 911 Taylor St, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1990 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | $1,500,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
911 Taylor St Vista Multifamily Investment
Renter-occupied housing is substantial at the neighborhood level, supporting a durable tenant base even as local occupancy trends have softened, according to WDSuite s CRE market data. Positioning within the San Diego metro offers demand from a diverse employment base and the potential for value-add strategies to compete against newer stock.
Vista s inner-suburb location offers daily conveniences that matter to residents: grocery access ranks competitive among San Diego Chula Vista Carlsbad neighborhoods (178 of 621; 88th percentile nationally), and restaurants are similarly strong (234 of 621; 82nd percentile nationally). Childcare density is a standout (28 of 621; 98th percentile nationally), while parks and caf e9s are limited within the neighborhood footprint. Average school ratings track modestly above national median levels (61st percentile), which can help leasing for family renters seeking stability.
The property s 1990 construction is older than the neighborhood average year built (1996), pointing to potential value-add and capital planning opportunities. In a submarket where newer assets compete on amenities, selective renovations and system upgrades can sharpen positioning and support rent trade-outs, while still watching cost-to-competitiveness versus newer comparables.
Neighborhood-level occupancy is below national norms (30th percentile), but the renter-occupied share of units is elevated (45.8%; 85th percentile nationally). For investors, this combination suggests depth in the tenant pool with some leasing friction to manage through marketing, unit readiness, and pricing discipline.
Within a 3-mile radius, population has been broadly stable in recent years with a projected increase through 2028, alongside an expected rise in households and incomes. This trajectory points to a larger tenant base and supports long-run absorption. Median home values in the neighborhood sit at higher national percentiles, and the value-to-income ratio ranks in the top quintile, indicating a high-cost ownership market that can reinforce reliance on multifamily rentals and aid lease retention. At the same time, a rent-to-income ratio near 0.29 at the neighborhood level signals some affordability pressure a manageable risk best addressed through unit mix, renewal strategy, and measured rent growth.
Safety indicators for the neighborhood trend below metro and national benchmarks. Overall crime ranks 474 of 621 among San Diego Chula Vista Carlsbad neighborhoods and sits in the lower national percentiles, signaling comparatively higher incident rates than many U.S. neighborhoods.
Neighborhood violent offense measures are in low national percentiles, with a recent year-over-year increase, while property offense rates are also low on a national percentile basis but have been relatively flat over the past year. Investors typically account for these dynamics with underwriting assumptions and property-level operations focused on lighting, access control, and community management, recognizing that safety varies by micro-location and over time.
Proximity to biotech, energy, distribution, and technology employers supports a broad commuter renter base and can aid retention through convenient access to jobs. The nearby employment mix includes Gilead Sciences, NRG Energy, Sysco, Qualcomm, and Celgene.
- Gilead Sciences biotech (4.1 miles)
- NRG Energy energy (8.6 miles)
- Sysco food distribution offices (22.5 miles)
- Qualcomm wireless technology (22.9 miles) HQ
- Celgene Corporation biotech (23.6 miles)
This 96-unit asset combines scale with clear operational levers. Based on CRE market data from WDSuite, neighborhood NOI per unit trends above national norms, yet local occupancy sits below the U.S. median, indicating room for disciplined leasing execution to capture demand from a sizable renter pool. The neighborhood s higher home values and value-to-income ratios suggest a high-cost ownership market that can sustain reliance on rentals and support retention.
Built in 1990, the property is slightly older than nearby stock, pointing to targeted value-add opportunities from interiors to building systems to improve competitive positioning against 1990s 2000s assets. Within a 3-mile radius, projections call for population and household growth alongside rising incomes, which supports a larger tenant base and rentability over the medium term. Affordability pressure at the neighborhood level (rent-to-income near 0.29) argues for measured rent strategies and attention to renewal management.
- Neighborhood renter concentration is high, supporting tenant demand even as occupancy lags national norms.
- 1990 vintage provides value-add and capital planning pathways to compete with newer properties.
- High-cost ownership landscape in the area can reinforce leasing stability and retention for multifamily.
- 3-mile forecasts indicate growth in population and households, expanding the renter pool over time.
- Risks: below-median neighborhood safety metrics and softer occupancy require focused operations and prudent rent strategy.