| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 76th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1910 State St, San Diego, CA, 92101, US |
| Region / Metro | San Diego |
| Year of Construction | 2002 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | $158,000 |
| Buyer | STATE ND FIR LLC |
| Seller | LINDA NSNS & TERRAMAGRA LORI TR TERRAMAGRA LI |
1910 State St San Diego Downtown-Adjacent Multifamily
Urban-core location supports durable renter demand and pricing power, according to WDSuite’s CRE market data, with neighborhood amenities and high ownership costs favoring multifamily over for-sale options.
Situated in San Diego’s Urban Core, the property benefits from one of the metro’s strongest amenity concentrations. The neighborhood ranks 5th of 621 locally for overall amenities and sits in the top national percentiles for restaurants, cafes, groceries, parks, and pharmacies — a walkable setting that strengthens leasing velocity and resident retention.
Neighborhood occupancy is softer versus national benchmarks, but the renter-occupied share remains elevated — 60.8% of housing units are renter-occupied — indicating a substantial tenant base. Within a 3-mile radius, renters account for roughly two-thirds of occupied units, reinforcing depth of demand for apartments rather than ownership.
Within a 3-mile radius, households have grown in recent years with projections calling for further increases through 2028. At the same time, average household size is trending lower, which typically supports demand for one- and two-bedroom units and can help stabilize occupancy in well-located assets.
Home values in the immediate neighborhood are elevated relative to national norms, and the value-to-income ratio is high by national comparison. For investors, this high-cost ownership market tends to reinforce reliance on multifamily housing, supporting tenant retention and giving professionally managed assets more consistent pricing power. Neighborhood rent-to-income levels remain manageable, suggesting scope for disciplined rent growth without unduly stressing affordability.
Educational options nearby score comparatively low based on available ratings, which may skew the renter profile toward singles and couples rather than families. Amenity access and employment connectivity, however, remain strong relative advantages versus many San Diego sub-areas.
Relative to neighborhoods nationwide, this area ranks below average for safety and sits in the lower national percentiles. Compared with the 621 neighborhoods in the San Diego metro, it is on the higher-crime end of the spectrum. For underwriting, this typically calls for enhanced property management focus on access control, lighting, and community standards.
Recent trends offer a mixed picture: property offenses show a year-over-year decline, while violent offense estimates have risen over the last year. Investors may wish to monitor directionality and lean on local policing and private security partnerships to support tenant retention and operational stability.
The employment base combines downtown corporate offices and regional anchors, supporting workforce housing demand and short commutes for residents. Notable nearby employers include Sempra Energy, L-3 Telemetry & RF Products, Celgene, Qualcomm, and Sysco.
- Sempra Energy — energy utilities (0.5 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (7.0 miles)
- Celgene Corporation — biotechnology (11.3 miles)
- Qualcomm — semiconductors & telecom (12.0 miles) — HQ
- Sysco — food distribution (16.1 miles)
1910 State St is a 36-unit, downtown-adjacent asset positioned in a high-amenity Urban Core neighborhood. Based on CRE market data from WDSuite, the area’s elevated renter concentration and high ownership costs underpin a deep tenant base, while strong walkability and access to major employers support leasing and retention. Neighborhood occupancy trails national benchmarks, but rent-to-income levels appear manageable, providing room for disciplined rent growth and operational improvements.
Built in 2002, the property should remain competitive versus older stock; investors may still plan for targeted modernization of interiors and common areas to enhance positioning and capture value-add upside. Demographic trends within a 3-mile radius point to continued population and household growth and a smaller average household size — dynamics that typically expand the renter pool for well-located one- and two-bedroom units.
- Urban-core location with top-tier amenity access that supports leasing velocity and retention
- Elevated renter-occupied housing share and high-cost ownership market reinforce multifamily demand
- 2002 vintage offers competitive positioning with scope for targeted value-add modernization
- 3-mile demographic outlook suggests a larger renter pool and support for occupancy stability
- Risks: below-average safety metrics and softer neighborhood occupancy require focused management and conservative underwriting