| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 91st | Best |
| Demographics | 75th | Good |
| Amenities | 36th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11586 Compass Point Dr N, San Diego, CA, 92126, US |
| Region / Metro | San Diego |
| Year of Construction | 2003 |
| Units | 43 |
| Transaction Date | 2017-06-06 |
| Transaction Price | $73,025,000 |
| Buyer | PMI COMPASS LLC |
| Seller | REAL ESTATE TRUST AT SILICON VALLEY COMM |
11586 Compass Point Dr N San Diego Multifamily Investment
Neighborhood occupancy is solid and renter demand is deep, according to WDSuite’s CRE market data, supporting income stability for well-managed assets in this submarket. Elevated ownership costs nearby further sustain the renter pool and potential lease retention.
Situated in San Diego’s Urban Core, the property benefits from a B+ neighborhood rating and is competitive among San Diego-Chula Vista-Carlsbad neighborhoods (ranked 168 out of 621 metro neighborhoods). Local livability is driven by access to parks and childcare options, while retail conveniences are thinner within the immediate blocks.
Neighborhood occupancy measures 97.0% (neighborhood-level), placing it above many areas in the region and supporting stability for multifamily owners. The share of renter-occupied housing units in the neighborhood is high at 73.8% (98th percentile nationally), indicating a deep tenant base and consistent leasing velocity rather than reliance on for-sale alternatives.
Parks and childcare density trend strong (both around the low-80s national percentiles), which can aid family-oriented retention. By contrast, the neighborhood’s cafe, grocery, and pharmacy counts rank near the bottom locally, which means residents often draw amenities from adjacent corridors—relevant for positioning and marketing the asset.
Home values in the neighborhood are elevated (97th percentile nationally) and the value-to-income ratio sits in the mid-90s percentiles, signaling a high-cost ownership market. For investors, this backdrop typically sustains rental demand and can support pricing power and lease retention through cycles, especially when paired with strong incomes (household income ranks in the upper deciles nationally).
Within a 3-mile radius, demographics show households expanding even as population is roughly flat to slightly lower, pointing to smaller average household sizes and a gradually widening renter pool. Rising median incomes and forecast rent growth in the radius support ongoing demand for professionally managed units, based on commercial real estate analysis from WDSuite’s dataset.
Safety indicators for the neighborhood are weaker than many parts of the region. The neighborhood’s crime rank sits in the lower tier of the metro (525 out of 621 neighborhoods), and national comparisons place the area in lower percentiles for safety. This suggests investors should plan for prudent on-site measures and active management to support resident comfort and asset operations.
Recent trends indicate a year-over-year uptick in both property and violent offense estimates at the neighborhood level. While conditions can vary block to block and over time, underwriting should reflect security, lighting, and access-control considerations, along with tenant communications and partnerships that many operators use to mitigate risk.
Nearby employment anchors include Sysco and multiple Qualcomm facilities, plus life sciences at Celgene. This cluster supports renter demand via short commutes for operations, engineering, and biotech roles.
- Sysco — foodservice distribution (4.2 miles)
- Qualcomm — semiconductors & wireless (4.4 miles)
- Qualcomm — semiconductors & wireless (4.7 miles) — HQ
- Qualcomm — semiconductors & wireless (4.9 miles)
- Celgene Corporation — biotech (6.0 miles)
Built in 2003, the asset is newer than the neighborhood’s average vintage, which can enhance competitive positioning versus older stock while leaving room for targeted system updates or amenities to lift rents and retention. Neighborhood fundamentals show high renter concentration and occupancy at the neighborhood level, with a high-cost ownership landscape that tends to reinforce reliance on multifamily housing.
Within a 3-mile radius, households are growing and incomes are rising, pointing to a larger tenant base and support for rent rolls over time. According to CRE market data from WDSuite, neighborhood-level rents and income dynamics in this part of San Diego outpace many U.S. areas, suggesting durable demand, while thinner nearby retail and below-average safety call for thoughtful operations and community engagement.
- 2003 vintage offers competitive positioning versus older local stock, with value-add potential through selective upgrades
- High neighborhood renter concentration and strong occupancy support leasing stability
- Elevated ownership costs nearby sustain rental demand and potential pricing power
- 3-mile radius shows growing households and higher incomes, expanding the renter base
- Risks: thinner immediate retail mix and below-average safety warrant security planning and careful tenant experience management