| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 31st | Poor |
| Amenities | 40th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1172 Hollister St, San Diego, CA, 92154, US |
| Region / Metro | San Diego |
| Year of Construction | 2011 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1172 Hollister St, San Diego Multifamily Investment
Neighborhood occupancy trends sit above the metro median, and elevated ownership costs in South San Diego sustain renter demand, according to WDSuite’s CRE market data.
Situated in San Diego’s Urban Core, the property benefits from neighborhood occupancy that is above the metro median and a renter-occupied housing share near half of units. For investors, that points to a durable tenant base and support for leasing stability relative to many metro submarkets.
Amenity access skews toward everyday convenience rather than lifestyle destinations. Restaurants and cafes score well versus national peers, and grocery access is competitive. However, park, pharmacy, and childcare options are limited in the immediate neighborhood, which may modestly influence resident expectations and on-site amenity strategy.
Within a 3-mile radius, households have increased even as population edged lower, indicating smaller average household sizes and a broader pool of renting households. This dynamic can expand the tenant base and help support occupancy, particularly for well-managed properties with practical unit mixes.
Home values rank high nationally while rent levels track below that pace, creating a high-cost ownership market that reinforces reliance on multifamily rentals and can aid lease retention. School ratings trail national averages, so positioning and on-site programming may matter more for family renters. Built in 2011, the asset is newer than the neighborhood average vintage, offering competitive positioning versus older stock while still warranting mid-life capital planning for building systems and unit refreshes.
Safety indicators for the neighborhood trend below national averages based on WDSuite’s crime percentiles, with both property and violent offenses measuring in lower national percentiles. Investors typically account for this through proactive security measures, resident screening, and attentive property management to support retention and reputation.
Relative safety can vary across nearby blocks and over time; benchmarking against comparable San Diego neighborhoods and tracking recent trends remains prudent during underwriting and asset planning.
The surrounding employment base includes energy infrastructure, defense electronics, biotech, and wireless technology, supporting commuter convenience and multifamily renter depth from a range of professional and technical roles. Notable nearby employers include Sempra Energy, L-3 Telemetry & RF Products, Celgene, and Qualcomm.
- Sempra Energy — energy infrastructure (10.2 miles)
- Wells Fargo ATM — financial services office (10.8 miles)
- Sempra Energy — energy infrastructure (11.0 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace electronics (17.3 miles)
- Celgene Corporation — biotech/pharmaceuticals (22.6 miles)
- Qualcomm — semiconductors & wireless (23.1 miles) — HQ
2011 construction provides a competitive edge versus older neighborhood stock, supporting positioning and rents while requiring typical mid-life system upgrades and selective unit renovations. Neighborhood occupancy trends are above the metro median, and a renter-occupied share near half of units signals depth in the tenant base. According to CRE market data from WDSuite, ownership costs in this area are elevated relative to incomes nationally, which tends to sustain reliance on rental housing and can aid retention.
Within a 3-mile radius, households have grown even as population eased, pointing to smaller household sizes and a broader renter pool. Combined with everyday amenities and proximity to diversified employers, these factors support leasing stability. Risks include below-average safety indicators and limited nearby parks, pharmacies, and childcare, which should be addressed through property management, on-site programming, and underwriting.
- Newer 2011 vintage versus local stock supports competitive positioning with manageable mid-life capex needs
- Above-metro occupancy and sizable renter-occupied share underpin demand and leasing stability
- High-cost ownership market reinforces renter reliance, aiding retention and pricing power
- 3-mile household growth despite softer population indicates a larger renter pool
- Risks: below-average safety metrics and limited parks/pharmacies/childcare require active management