| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 35th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 Roosevelt St, Chula Vista, CA, 91910, US |
| Region / Metro | Chula Vista |
| Year of Construction | 2000 |
| Units | 42 |
| Transaction Date | 2003-10-17 |
| Transaction Price | $590,000 |
| Buyer | DEAL KATHERINE BROCKETT |
| Seller | BROCKETT SHELDON I |
330 Roosevelt St Chula Vista Multifamily Investment
Renter concentration is high in the surrounding neighborhood and amenity density is strong, supporting a broad tenant base and stable leasing, according to WDSuite’s CRE market data. At 42 units, the asset can target workforce demand while competing well on vintage against older local stock.
The property sits in an Urban Core pocket of Chula Vista with a B neighborhood rating and amenity access that is competitive among San Diego–Chula Vista–Carlsbad neighborhoods. Cafes and restaurants rank near the front of the pack (both within the top tier by metro rank) and score in the top quartile nationally, signaling walkable lifestyle appeal that can aid leasing and retention. Grocery and pharmacy access also test in strong national percentiles, reinforcing daily convenience for residents.
Renter-occupied housing accounts for a large share of neighborhood units (72.4% renter concentration), indicating deep demand for multifamily product and a broad tenant pool for renewals. Neighborhood occupancy has trended up over the last five years, supporting an operating baseline for stabilized assets. Median contract rents at the neighborhood level sit above many U.S. peers, which can sustain pricing power but may require careful lease management.
Vintage matters: the average construction year in this neighborhood trends older (1970s-era), while this asset was built in 2000. That relative youth versus nearby stock can enhance competitiveness on unit finishes and systems; investors should still plan for selective modernization to maintain positioning as the asset approaches 25+ years in service.
Demographics within a 3-mile radius show a large, diverse population with households projected to increase by 2028, pointing to a larger tenant base and support for occupancy stability. Household incomes have grown meaningfully in recent years, and forecasts indicate further increases, which can underpin rent growth while still monitoring affordability.
On schools, average ratings in the neighborhood trend below the national midpoint, which may reduce appeal for some family renters but is typical for urban cores; operators can emphasize amenity access and commute convenience. Relative to the metro’s 621 neighborhoods, overall livability metrics place this location above the metro median for amenities and competitive for day-to-day services.
Safety indicators for this neighborhood sit below national averages, with both violent and property offense rates in lower national percentiles, indicating comparatively higher crime than many U.S. neighborhoods. Within the San Diego–Chula Vista–Carlsbad metro’s 621 neighborhoods, this area faces higher crime levels than many peers.
Trend-wise, recent year-over-year estimates show meaningful declines in both violent and property offenses, placing the neighborhood above the metro average for improvement pace. For investors, the takeaway is to underwrite with prudent security and operating assumptions while recognizing that the near-term trajectory has been improving.
The employment base within a short drive features energy utilities, defense and aerospace, biotech, and telecommunications anchors that support workforce housing demand and commute convenience. Specifically, Sempra Energy, L-3 Telemetry & RF Products, Celgene, and Qualcomm provide diverse, stable white- and blue-collar job feeders.
- Sempra Energy — energy utilities (6.9 miles)
- Sempra Energy — energy utilities (7.6 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (13.3 miles)
- Celgene Corporation — biotech (18.9 miles)
- Qualcomm — telecommunications (19.3 miles) — HQ
330 Roosevelt St offers 42 units in a high-amenity Urban Core setting with a renter-heavy housing base, supporting depth of demand and renewal potential. Neighborhood occupancy has improved over five years, and the asset’s 2000 construction is newer than much of the area’s 1970s stock, providing a competitive edge while still leaving room for targeted updates. Based on CRE market data from WDSuite, neighborhood rents and NOI-per-unit benchmarks compare favorably to national medians, suggesting solid income fundamentals when matched with disciplined affordability management.
Within a 3-mile radius, households are projected to grow and incomes trend upward, expanding the renter pool and supporting occupancy stability. Amenity density (food, grocery, and pharmacy access) enhances livability and leasing velocity, while elevated ownership costs in the area reinforce reliance on multifamily housing. Key underwriting considerations include safety metrics that sit below national averages and below-median school ratings, both manageable with appropriate operating focus.
- Newer 2000 vintage versus older neighborhood stock, supporting competitive positioning with selective modernization.
- High renter concentration and improving neighborhood occupancy underpin demand depth and renewal prospects.
- Strong amenity density (dining, grocery, pharmacy) aids leasing velocity and resident retention.
- Household and income growth within 3 miles expands the tenant base and supports rent durability.
- Risks: below-average safety and school ratings require prudent operations and resident experience investments.