| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 80th | Best |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11803 Bernardo Ter, San Diego, CA, 92128, US |
| Region / Metro | San Diego |
| Year of Construction | 1979 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | $7,400,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
11803 Bernardo Ter San Diego Multifamily Investment
Stabilized renter demand and above-median neighborhood fundamentals point to steady operations, according to WDSuite’s CRE market data. Focus is on occupancy stability and an affluent tenant base rather than outsized growth.
The property sits in an Inner Suburb pocket of San Diego (A- neighborhood rating) that ranks 134 out of 621 metro neighborhoods — competitive and effectively top quartile among the metro. Neighborhood occupancy is reported at 96.3%, indicating tight conditions that support income stability at the asset level, based on CRE market data from WDSuite.
Local livability skews toward daily-needs convenience more than lifestyle density. Restaurant access is strong relative to peers (nationally high percentile), and grocery coverage is also solid, while cafe, park, and pharmacy counts are thinner within the immediate blocks. For multifamily owners, this mix typically favors retention for households prioritizing schools and commute balance over nightlife concentration.
Housing stock in the neighborhood averages 1989 construction, while this asset s 1979 vintage is older. That age profile often creates value-add potential via selective renovations and system upgrades to enhance competitive positioning against newer nearby inventory. Renter concentration is meaningful at 46.4% of housing units being renter-occupied, providing a deep tenant base without being overly reliant on transient demand.
Within a 3-mile radius, population increased over the prior five years and households also grew, expanding the renter pool. Forward-looking estimates show households continuing to rise even as total population is projected to edge lower, implying smaller household sizes and a broader household count that can sustain leasing activity. Elevated home values relative to national norms strengthen reliance on multifamily options, while a neighborhood rent-to-income profile suggests manageable affordability pressure that can support lease retention.
Neighborhood safety metrics are mixed in a metro context. The area ranks 367 out of 621 San Diego–Chula Vista–Carlsbad neighborhoods, which is below the metro median and below the national median for safety. Property crime has trended upward year over year in neighborhood-level estimates, while violent crime remains comparatively lower than property crime. Investors should underwrite to current trends and emphasize lighting, access control, and partnership with professional management to support resident satisfaction.
Nearby employment anchors span foodservice distribution, wireless and semiconductors, biotech, defense and aerospace, and energy — a diversified base that supports commute-friendly renter demand and lease retention for workforce and professional households.
- Sysco foodservice distribution (6.4 miles)
- Qualcomm wireless & semiconductors (10.9 miles) HQ
- Celgene Corporation biotech (12.6 miles)
- L-3 Telemetry & RF Products defense & aerospace (14.5 miles)
- Nrg Energy energy (15.4 miles)
This 112-unit asset 1979 construction with average unit sizes around 740 sq. ft. benefits from a neighborhood that is competitive among San Diego s Inner Suburbs and maintains tight occupancy. Elevated home values in the area help sustain renter reliance on multifamily housing, and neighborhood rent-to-income dynamics indicate manageable affordability pressure that can support retention. Based on commercial real estate analysis from WDSuite, reported neighborhood occupancy is strong, and the renter-occupied share signals a sizable tenant base for ongoing leasing.
The 1979 vintage is older than the neighborhood average, creating a straightforward value-add thesis through interior upgrades and targeted building system improvements to compete with late-1980s and newer stock. Within a 3-mile radius, recent growth in households alongside stable-to-rising incomes points to depth in demand, while forecasts suggest smaller household sizes and more households overall — supportive of leasing velocity even if population growth moderates.
- Tight neighborhood occupancy and competitive A- location support income stability
- Elevated ownership costs locally reinforce multifamily demand and lease retention
- 1979 vintage offers value-add upside via renovations and system upgrades
- Diversified employment base within commuting range underpins renter demand
- Risks: below-metro-average safety metrics and forecast population softening warrant conservative underwriting