| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 58th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1721 Logan Ave, San Diego, CA, 92113, US |
| Region / Metro | San Diego |
| Year of Construction | 2009 |
| Units | 85 |
| Transaction Date | 2006-08-07 |
| Transaction Price | $800,000 |
| Buyer | LA ENTRADA HOUSING INVESTORS LP |
| Seller | REFRIGERATION SUPPLIES DISTRIBUTOR |
1721 Logan Ave San Diego Multifamily Investment
This 85-unit property built in 2009 operates in a neighborhood with 73% rental occupancy, supporting stable tenant demand in San Diego's urban core according to CRE market data from WDSuite.
Located in San Diego's urban core, this neighborhood ranks in the top quartile nationally for amenities with exceptional access to restaurants (48 per square mile), grocery stores, and parks. The area maintains a 73% rental occupancy rate among housing units, reflecting strong renter demand that supports multifamily fundamentals.
Demographics within a 3-mile radius show a balanced tenant profile with 36% of the population aged 18-34 and median household income of $92,174. Population growth of 4.1% over the past five years has expanded the renter pool, while projected household growth of 46% through 2028 indicates continued demand for rental housing. The forecast median rent increase to $2,630 suggests pricing power potential.
Built in 2009, the property represents newer construction compared to the neighborhood average of 2001, potentially reducing near-term capital expenditure needs and maintaining competitive positioning. High home values with a median of $659,064 and elevated ownership costs help sustain rental demand as households remain in the multifamily market rather than transitioning to ownership.
Current neighborhood median rent of $2,091 reflects the 93rd percentile nationally, though rent-to-income ratios warrant attention for lease management and retention strategies. The area's amenity density and urban location support tenant appeal, with walkable access to daily services that can enhance occupancy stability.
Safety metrics for this neighborhood indicate elevated crime rates compared to regional and national standards. Property offense rates rank in the bottom quartile among San Diego metro neighborhoods, while violent crime rates also present challenges that warrant consideration in property management and tenant screening strategies.
Investors should factor security considerations into operational planning, including potential investments in lighting, access control, or security services. While crime trends show mixed patterns with some year-over-year increases, the neighborhood's urban core location and high amenity access may help offset safety concerns for certain tenant demographics seeking walkable, transit-accessible housing.
The property benefits from proximity to major corporate employers that support workforce housing demand, including energy sector headquarters and financial services operations within commuting distance.
- Sempra Energy — energy utilities (0.8 miles)
- Wells Fargo ATM — financial services (1.3 miles)
- Sempra Energy — energy utilities HQ (1.4 miles)
- L-3 Telemetry & RF Products — defense & aerospace (8.3 miles)
- Qualcomm — technology HQ (13.7 miles)
This 85-unit property built in 2009 operates in a high-density rental market with 73% of housing units occupied by renters, indicating strong structural demand for multifamily housing. Demographic growth within a 3-mile radius shows population expansion of 4.1% and projected household growth of 46% through 2028, supporting tenant pool expansion and occupancy stability. The property's 2009 vintage provides competitive positioning with reduced near-term capital expenditure needs compared to older neighborhood stock.
According to multifamily property research from WDSuite, the neighborhood ranks in the top quartile nationally for amenities while maintaining elevated median rents at the 93rd percentile nationwide. High home values and ownership costs help retain households in the rental market, though rent-to-income ratios require careful lease management. The urban core location provides walkable access to employment centers including nearby Sempra Energy headquarters and financial services operations.
- Strong rental demand with 73% renter occupancy and projected 46% household growth
- 2009 construction reduces near-term capital expenditure needs
- Top quartile amenity access supports tenant retention
- High ownership costs sustain rental market participation
- Risk consideration: Elevated rent-to-income ratios require active lease management