| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 58th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1605 Logan Ave, San Diego, CA, 92113, US |
| Region / Metro | San Diego |
| Year of Construction | 2008 |
| Units | 42 |
| Transaction Date | 2025-06-11 |
| Transaction Price | $6,889,500 |
| Buyer | GATEWAY APARTMENTS LP |
| Seller | GATEWAY I HOUSING INVESTORS LP |
1605 Logan Ave, San Diego Multifamily Investment
Urban Core location with strong renter concentration supports stable leasing potential, according to WDSuite’s CRE market data. Large-unit layouts and proximity to major employers position this asset to capture demand even as neighborhood occupancy fluctuates.
Located in San Diego’s Urban Core, the neighborhood ranks 66 out of 621 metro neighborhoods overall (A rating), placing it above the metro median. Amenity access is a clear advantage: it’s competitive among San Diego neighborhoods for grocery, pharmacies, parks, and cafés, and sits in the top quartile nationally for overall amenities, which supports day-to-day convenience and renter retention.
Dining density is a differentiator. Restaurant presence ranks 19 of 621 locally and in the 99th percentile nationally, reinforcing walkable lifestyle appeal that multifamily renters often value. These strengths complement a high share of renter-occupied housing units at the neighborhood level (renter concentration), indicating a deep tenant base for multifamily product.
Within a 3-mile radius, demographics show population growth alongside a rising household count and a sizable 18–34 cohort, pointing to a larger tenant base over time. Forecasts also indicate continued income gains and rent growth in the area, supporting the case for steady absorption and pricing discipline for well-positioned properties.
Home values in the neighborhood are elevated relative to national norms, which tends to sustain reliance on multifamily options and can support pricing power where product quality and management execution are strong. For this 2008-vintage property—newer than the neighborhood’s average construction year—relative competitiveness versus older stock is a potential advantage, while investors should still plan for mid-life system updates and targeted common-area upgrades as part of value stewardship. These dynamics align with investor-focused commercial real estate analysis on renter demand and retention.
Safety indicators for this neighborhood trend weaker than both metro and national benchmarks. Based on comparative ranks among 621 San Diego metro neighborhoods and low national percentiles, crime measures are below average, so investors typically underwrite higher security provisions, lighting, and access controls, and calibrate screening and on-site management accordingly.
Year-over-year changes point to recent increases in reported offenses, reinforcing the need for pragmatic operating plans and partnership with local community resources. These considerations are common for Urban Core assets and should be reflected in budgeting and leasing strategy rather than seen as prohibitive.
Proximity to established employers strengthens the local renter base and shortens commutes. Nearby anchors include Sempra Energy, L-3 Telemetry & RF Products, Celgene, and Qualcomm, supporting demand from energy, defense/aerospace, biotech, and tech workforces.
- Sempra Energy — energy & utilities (0.63 miles)
- Sempra Energy — energy & utilities (1.32 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (8.19 miles)
- Celgene Corporation — biotechnology & pharma (12.97 miles)
- Qualcomm — wireless & semiconductors (13.56 miles) — HQ
1605 Logan Ave is a 42-unit, 2008-vintage asset with larger-than-typical floor plans, positioned in an amenity-rich Urban Core neighborhood where renter concentration is high. The combination of walkable lifestyle drivers, proximity to major employers, and a deep tenant base supports leasing durability and potential rent premium capture versus older nearby stock.
Based on CRE market data from WDSuite, the neighborhood’s amenity strength is top-tier locally while ownership costs remain elevated, reinforcing multifamily demand. Demographics within a 3-mile radius point to population growth and increasing households, which can expand the renter pool and support occupancy stability over the medium term. Investors should budget for mid-life system updates typical for a 2008 build and account for local safety dynamics and some recent softness in neighborhood occupancy when setting operating assumptions.
- Urban Core location with top-tier amenities supports renter retention and pricing discipline
- 2008 vintage and large average unit sizes enhance competitive positioning versus older stock
- 3-mile demographics show population and household growth, expanding the tenant base
- Nearby energy, biotech, defense, and tech employers bolster leasing demand
- Risks: weaker relative safety metrics and softer neighborhood occupancy warrant conservative underwriting and security investment