| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 84th | Best |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10784 Scripps Ranch Blvd, San Diego, CA, 92131, US |
| Region / Metro | San Diego |
| Year of Construction | 2002 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10784 Scripps Ranch Blvd San Diego Multifamily Investment
Positioned in an A-rated suburban neighborhood, this asset benefits from steady renter demand and high neighborhood occupancy; according to WDSuite’s CRE market data, the area’s occupancy sits above the metro median, supporting durable cash flow potential at the neighborhood level.
Scripps Ranch offers a suburban living profile with competitive amenity access for San Diego, ranking 210th of 621 neighborhoods for overall amenities (competitive among San Diego neighborhoods) and trending near the middle of national comparisons. Restaurant density is strong relative to many areas (top quartile nationally), and parks and pharmacies place in high national percentiles, supporting day-to-day livability for residents and potential leasing appeal.
Neighborhood schools are a standout: average school ratings rank first among 621 metro neighborhoods and sit in the top percentile nationally. For family-oriented renters, this tends to support retention and leasing velocity, particularly for two- and three-bedroom product.
On rent and occupancy, the neighborhood records high occupancy and is above the metro median, indicating solid utilization of existing units per CRE market data from WDSuite. Median contract rents in the neighborhood and nearby areas have risen over the last five years, and a 3-mile view shows continued rent growth projected, which can sustain pricing power when paired with strong incomes.
Tenure dynamics differ by lens. Within the immediate neighborhood, the share of renter-occupied housing units is comparatively smaller, which may limit the immediate tenant base; however, within a 3-mile radius, renter concentration is materially higher and households have grown over the past five years. That combination points to a larger tenant pool and supports occupancy stability for professionally managed multifamily. Elevated home values (96th percentile nationally) indicate a high-cost ownership market, which tends to reinforce reliance on rental housing and can aid lease retention.
Safety indicators in the neighborhood trail many San Diego peers and sit below national averages. The area ranks 572nd out of 621 metro neighborhoods on composite crime measures (below metro median), and national percentiles indicate comparatively higher reported incidents than typical U.S. neighborhoods.
Property and violent offense indicators are positioned in lower national percentiles, and recent year-over-year trends show an uptick. For investors, this suggests underwriting for prudent on-site security measures, lighting, and resident engagement, while monitoring trajectory over time relative to broader metro trends.
The area draws from a diversified employment base anchored by foodservice distribution, semiconductors, and life sciences, supporting commuter convenience and multifamily demand from professionals at Sysco, Qualcomm, Celgene, and L-3.
- Sysco — foodservice distribution (3.8 miles)
- Qualcomm — semiconductors (4.8 miles)
- Qualcomm — semiconductors (5.0 miles) — HQ
- Qualcomm — semiconductors (5.3 miles)
- Celgene Corporation — biopharma (6.2 miles)
- L-3 Telemetry & RF Products — defense & aerospace (6.5 miles)
Built in 2002, this 63-unit property is newer than the neighborhood’s 1980 average vintage, providing competitive positioning versus older stock and potentially moderating near-term capital needs; investors should still budget for systems modernization and targeted common-area upgrades as part of value creation. The surrounding A-rated neighborhood posts high occupancy and strong household incomes, while elevated ownership costs reinforce sustained reliance on rental housing.
Within a 3-mile radius, households have increased over the past five years and are projected to rise further, expanding the renter pool and supporting leasing stability. According to CRE market data from WDSuite, neighborhood occupancy trends remain above the metro median, and rent levels in the area have shown multi-year growth with additional gains projected—factors that can support pricing power when paired with strong schools and proximity to major employers.
- 2002 vintage offers relative competitiveness vs. older local stock, with targeted capex and modernization potential.
- High neighborhood occupancy and strong schools support retention and lease stability.
- 3-mile renter pool and household growth, plus elevated ownership costs, reinforce demand for professionally managed rentals.
- Proximity to Qualcomm and other employers underpins weekday demand and renewal prospects.
- Risk: safety indicators trail metro and national benchmarks; underwriting should include prudent security and resident engagement.