| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 68th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1570 Thousand Oaks Dr, San Antonio, TX, 78232, US |
| Region / Metro | San Antonio |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2023-07-12 |
| Transaction Price | $15,029,000 |
| Buyer | 1570 HILLCRESTE LLC |
| Seller | 37P-HILLCRESTE LLC |
1570 Thousand Oaks Dr San Antonio Multifamily Value-Add
Positioned in an inner-suburban area that ranks competitively within the San Antonio metro, this asset benefits from solid neighborhood fundamentals; according to WDSuite’s CRE market data, grocery access and school quality outperform broader metro patterns, supporting renter demand.
The neighborhood earns an A rating and ranks 86 out of 595 San Antonio neighborhoods, placing it in the top quartile locally. As an Inner Suburb, it offers convenient access to daily needs with strong grocery presence (top decile nationally) and ample parks, while restaurants are moderate and café and pharmacy density is limited. For families, average school ratings are strong (around 4.0, top quartile nationally), which can aid lease retention for tenants prioritizing school access.
Renter dynamics are mixed. At the neighborhood level, the share of housing units that are renter-occupied is closer to one-third, but within a 3-mile radius renter concentration is nearer to the mid-40s, indicating a deeper tenant base for multifamily. Neighborhood occupancy sits below the national median and has softened over the past five years, suggesting the need for active leasing and management to maintain stability. Median contract rents are above the national midpoint and have shown healthy five-year growth, which supports long-run revenue potential when paired with prudent lease management.
Within a 3-mile radius, demographics show a slight population dip over the past five years but growth in total households, pointing to smaller household sizes and a gradually expanding renter pool. Looking forward, WDSuite’s commercial real estate analysis indicates households are projected to rise materially by 2028 alongside higher incomes and rising asking rents, reinforcing demand for well-run, appropriately positioned units.
Home values are moderate in context and ownership appears relatively accessible compared with many U.S. areas, which can create some competition with entry-level ownership. However, a rent-to-income profile around the national middle suggests manageable affordability pressure that can support resident retention when pricing is calibrated carefully.
Safety indicators are mixed in a broader context. Compared with neighborhoods nationwide, the area sits below the national median for safety, but recent trends show year-over-year declines in both property and violent offense estimates, according to WDSuite. These improvements are constructive for investor risk management, though underwriting should still incorporate conservative assumptions around security measures and insurance.
Nearby anchor employers in energy, media, and financial services support a diverse employment base and convenient commutes for renters. The following employers are within a practical drive and help underpin leasing demand in this Inner Suburb:
- Andeavor — energy (1.8 miles) — HQ
- Cst Brands — convenience retail (3.6 miles) — HQ
- Iheartmedia — media (6.8 miles) — HQ
- Usaa Ops Building — financial services (7.4 miles)
- USAA Federal Savings Bank — financial services (7.4 miles)
Built in 1986, the property is older than the neighborhood average, creating clear value-add and capital planning opportunities to modernize interiors and systems and better compete against newer stock. The location ranks in the top quartile among 595 San Antonio neighborhoods and benefits from strong grocery and park access and above-average school ratings, which can support leasing velocity and tenant retention. Neighborhood occupancy trends are softer than national medians, so consistent operations and amenity positioning will matter for stability.
Within a 3-mile radius, households have increased despite a slight population decline, indicating smaller household sizes and an expanding renter base. Median rents sit above national midpoints and have trended upward; according to CRE market data from WDSuite, forward-looking projections point to continued rent and income growth in the area, supporting long-term revenue potential when paired with value-focused upgrades. Ownership costs are moderate, which may introduce some competition from entry-level homebuying, but the local renter concentration and employment base provide depth for multifamily demand.
- 1986 vintage offers value-add and systems upgrades to enhance competitiveness
- Top-quartile San Antonio neighborhood with strong grocery, park access, and solid school ratings
- Expanding 3-mile household base supports a deeper tenant pool and leasing stability
- Above-median rents with room for operational upside via targeted renovations
- Risks: below-median neighborhood occupancy, safety metrics below national median, and some competition from entry-level ownership