| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 77th | Best |
| Amenities | 14th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10935 Caminito Alvarez, San Diego, CA, 92126, US |
| Region / Metro | San Diego |
| Year of Construction | 1987 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10935 Caminito Alvarez San Diego Multifamily Opportunity
Neighborhood occupancy remains resilient and supported by a high-cost ownership market, according to WDSuite’s CRE market data. For investors, this points to steady renter demand and potential retention advantages relative to broader metro conditions.
Situated in San Diego’s Urban Core, the area around 10935 Caminito Alvarez shows solid housing fundamentals with neighborhood occupancy measured at the neighborhood level tracking above national norms and a renter-occupied share that indicates a meaningful tenant base. Median home values in the neighborhood rank in the upper tier nationally, which typically sustains reliance on multifamily housing and supports pricing power without overextending renters.
Schools in this neighborhood are a standout, with the average rating at the top among 621 San Diego metro neighborhoods and in the top tier nationally—an attribute that can support leasing consistency for family-oriented households. Amenities skew toward parks rather than retail density, with park access performing well relative to national peers; investors should underwrite everyday retail convenience at the submarket level, as neighborhood data indicate lighter café, grocery, and pharmacy counts.
On tenure, the share of housing units that are renter-occupied in the neighborhood sits in a nationally strong percentile, suggesting depth in the local renter pool and supporting multifamily demand. Neighborhood contract rents also benchmark high nationally, while rent-to-income ratios point to manageable affordability pressure for existing renters—factors that can aid renewal performance and stabilize occupancy at the neighborhood level.
Within a 3-mile radius, recent demographic data show a modest population dip over the past five years but strong income growth; forward-looking projections indicate a slight increase in population alongside a notable increase in households and smaller average household sizes. For investors, that combination implies a larger tenant base over time and balanced demand for a range of unit types.
Safety indicators for the neighborhood are mixed. Compared with neighborhoods nationwide, recent data place the area below the national median for safety, indicating comparatively higher reported incidents. Within the San Diego metro context, the neighborhood trends closer to the middle of the pack, and investors should underwrite standard security measures and operating practices accordingly.
Trend signals are nuanced: estimates point to a recent year-over-year decrease in property offenses at the neighborhood level, while violent offense estimates increased over the same period. Taken together, this suggests monitoring is warranted, but not a departure from broader urban patterns in comparable metros.
The immediate employment base mixes technology, life sciences, distribution, and energy, supporting renter demand through diverse white- and blue-collar jobs and commute convenience. The list below highlights nearby anchors most relevant to multifamily leasing stability in this submarket.
- Qualcomm — technology & corporate offices (1.6 miles)
- Celgene Corporation — life sciences (3.1 miles)
- L-3 Telemetry & RF Products — defense & aerospace offices (6.1 miles)
- Sysco — distribution (6.9 miles)
- Sempra Energy — energy & utilities (12.9 miles) — HQ
This 112-unit 1987-vintage asset offers operational scale in a neighborhood where occupancy is strong and renter demand is reinforced by a high-cost ownership landscape. High neighborhood home values and competitive contract rents support revenue durability, while rent-to-income dynamics suggest manageable affordability pressure that can aid renewals and limit turnover at the neighborhood level. According to CRE market data from WDSuite, these factors position the area favorably against national benchmarks.
Relative to the neighborhood’s average construction year (1990), the property’s 1987 vintage is slightly older, which may present selective value-add or capital planning opportunities—modernizing interiors and systems to compete effectively with newer stock while leveraging strong nearby employment nodes. Within a 3-mile radius, projections indicate modest population growth alongside a sizable increase in households and smaller household sizes, implying renter pool expansion and support for occupancy stability over the medium term.
- Strong neighborhood occupancy and a high-cost ownership market support sustained renter demand.
- 112 units provide operating scale for on-site management and expense efficiency.
- 1987 vintage offers potential value-add through targeted renovations and system upgrades.
- 3-mile demographics point to rising households and smaller household sizes, expanding the renter pool.
- Risks: lighter neighborhood retail density and mixed safety trends warrant underwriting for security and convenience.