| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Poor |
| Demographics | 72nd | Good |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13525 Zinnia Hills Pl, San Diego, CA, 92130, US |
| Region / Metro | San Diego |
| Year of Construction | 2006 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13525 Zinnia Hills Pl San Diego Multifamily Investment
This 108-unit property benefits from San Diego's affluent North County corridor, where elevated home values sustain rental demand and neighborhood-level occupancy remains competitive according to WDSuite's CRE market data.
The Carmel Valley area ranks in the top quartile among San Diego metro neighborhoods for household income, with median values exceeding $250,000. Within a 3-mile radius, demographic data shows strong household formation trends, with families increasing 7.8% over five years and household counts growing 6.9%. This affluent resident base supports multifamily demand through elevated ownership costs, as median home values approach $1.9 million—limiting accessibility to ownership and reinforcing reliance on rental housing.
Constructed in 2006, this property represents newer building stock compared to the neighborhood average of 1987, reducing near-term capital expenditure needs and strengthening competitive positioning. The area maintains a low renter concentration at 9.8% of housing units, indicating a predominantly ownership-oriented market where multifamily properties serve a specialized tenant base. Neighborhood-level occupancy trends show 89.7% occupancy, reflecting competitive dynamics in this high-value submarket.
Educational quality ranks exceptionally strong with perfect 5.0 school ratings, supporting family retention and tenant appeal. While amenity density remains limited with minimal retail concentration per square mile, the suburban character and proximity to employment centers provide the residential environment that attracts long-term tenants. Population growth within the 3-mile radius continues at 1.8% over five years, with projections indicating 6.8% growth through 2028, expanding the potential renter pool as household formation accelerates.
The neighborhood demonstrates moderate safety metrics relative to San Diego area standards. Property crime rates rank in the middle tier among metro neighborhoods, while violent crime rates place in the lower half of regional comparisons. Recent trends show property crime declining 9.3% year-over-year, indicating improving conditions, though violent crime increased 38.8% over the same period, creating mixed safety dynamics that investors should monitor for tenant retention implications.
The property benefits from proximity to major technology and corporate employers that anchor North County San Diego's employment base, supporting workforce housing demand and commute convenience for professional tenants.
- Qualcomm — technology & telecommunications (4.4 miles) — HQ
- Celgene Corporation — biotechnology & pharmaceuticals (5.8 miles)
- Sysco — food distribution & services (8.0 miles)
- L-3 Telemetry & RF Products — defense & aerospace (10.3 miles)
- Sempra Energy — utilities & energy services (17.0 miles) — HQ
This 108-unit Carmel Valley property capitalizes on San Diego's premium residential market dynamics, where household incomes in the top percentile nationally and elevated home values create sustained rental demand. The 2006 construction year positions the asset with reduced near-term maintenance requirements while demographic projections within a 3-mile radius show household growth accelerating to 32.3% through 2028, expanding the tenant base. Based on multifamily property research, the combination of affluent demographics, limited renter-occupied housing supply, and proximity to major employers like Qualcomm supports occupancy stability in this high-barrier-to-entry submarket.
However, investors should consider the area's low renter concentration and moderate neighborhood-level occupancy trends, which may indicate competitive leasing dynamics. Recent increases in violent crime rates and limited local amenity density present tenant retention considerations that require active property management and positioning strategies.
- Top-tier household incomes and elevated home values sustain rental demand
- Newer construction vintage reduces capital expenditure pressure
- Strong demographic growth projections expand potential tenant pool
- Proximity to major technology employers supports workforce housing demand
- Risk: Low renter concentration and competitive occupancy dynamics may impact lease-up velocity