| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 78th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16217 Stonebridge Pkwy, San Diego, CA, 92131, US |
| Region / Metro | San Diego |
| Year of Construction | 2006 |
| Units | 106 |
| Transaction Date | 2017-05-12 |
| Transaction Price | $14,500,000 |
| Buyer | 16217 STONEBRIDGE PARKWAY LP |
| Seller | FAIRFIELD SAGEWOOD LP |
16217 Stonebridge Pkwy San Diego Multifamily Opportunity
Positioned in a high-cost ownership pocket of suburban San Diego, the asset benefits from durable renter demand among higher-income households, according to WDSuite’s CRE market data. Mid-2000s construction supports competitive positioning versus older stock while strategic leasing and amenity alignment remain important.
Stonebridge (San Diego) is a suburban enclave with limited immediate retail and service density, so residents typically rely on nearby nodes reachable by car for daily needs. Neighborhood ratings place it in the C range and below the metro median overall (ranked 476 among 621 San Diego metro neighborhoods), indicating a location that competes more on quality-of-life attributes and access than on walkable amenity volume.
Ownership costs are elevated locally (home values sit at the top of the metro distribution and in the top national percentile), which tends to sustain reliance on multifamily housing for mobility and choice. For investors, this dynamic can support pricing power and retention among households that prefer rental flexibility. Neighborhood renter concentration is modest (about one-fifth of units are renter-occupied in the immediate area), suggesting demand is driven by selective segments rather than broad-based renting. Within a 3-mile radius, renters account for roughly three in ten housing units, providing a larger tenant base for well-positioned properties.
Occupancy at the neighborhood level trends below the metro average (ranked 589 of 621), so competitive positioning and asset-level execution are important to capture demand. Even so, income fundamentals within a 3-mile radius are strong and rising, and forecast data indicates more households even as average household size edges lower—factors that can expand the effective renter pool and support stabilized leasing.
Amenities, parks, groceries, and cafes are sparse within the immediate neighborhood by metro standards (amenity ranks near the bottom of 621 neighborhoods), but proximity to major employment corridors in North County and central San Diego helps offset walkability constraints for car-oriented renters.
Neighborhood safety signals are mixed and should be evaluated alongside property-level controls. The area ranks 225 out of 621 metro neighborhoods on crime—below the metro average—and sits around the lower third nationally (35th percentile), indicating comparatively higher incident rates versus many U.S. neighborhoods.
Trend-wise, property offenses show improvement year over year, while reported violent incidents increased over the same period. Investors typically address this with targeted security measures and screening, and by emphasizing asset quality and professional management to support tenant retention.
The location draws on a diverse employment base in distribution, defense, wireless technology, life sciences, and utilities, supporting commuter convenience and renter demand from professionals working across these nodes.
- Sysco — food distribution (2.2 miles)
- L-3 Telemetry & RF Products — defense & aerospace (9.8 miles)
- Qualcomm — wireless & semiconductors (10.6 miles) — HQ
- Celgene Corporation — biopharma (11.7 miles)
- Sempra Energy — utilities (16.6 miles) — HQ
This 106-unit, 2006-vintage community offers scale in a high-income suburban San Diego pocket where elevated ownership costs reinforce reliance on quality rentals. According to CRE market data from WDSuite, the surrounding neighborhood’s occupancy sits below metro averages, making asset strategy and execution—curated amenities, unit finish upgrades, and professional leasing—key to capturing demand from affluent renters who value quiet, car-oriented living near major job nodes.
Mid-2000s construction is competitive versus older stock in the metro, with potential to create value through targeted modernization (systems, common areas, and in-unit features) to support rent premiums. Within a 3-mile radius, incomes are strong and rising and household counts are projected to increase even as household sizes decline—factors that expand the renter pool and can support occupancy stability and measured rent growth over time.
- High-cost ownership market supports multifamily demand and pricing power
- 2006 vintage with value-add potential via selective modernization
- Access to major employers in tech, defense, life sciences, and utilities
- Households expected to grow within 3 miles, expanding the renter base
- Risks: softer neighborhood occupancy and limited walkable amenities require focused leasing and positioning