| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 58th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1985 National Ave, San Diego, CA, 92113, US |
| Region / Metro | San Diego |
| Year of Construction | 2012 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1985 National Ave, San Diego — 2012 Multifamily in Urban Core
Positioned in San Diego’s Urban Core, the asset benefits from a high renter concentration and strong amenity density that support steady leasing, according to WDSuite’s CRE market data.
Located in San Diego’s Urban Core (Neighborhood rating: A), the area ranks 66 out of 621 metro neighborhoods, placing it competitive among San Diego-Chula Vista-Carlsbad neighborhoods. Amenity access is a clear strength: restaurants and daily needs (grocery, parks, pharmacies) score in the top quartile nationally, enhancing convenience for residents and reinforcing renter appeal.
The property’s 2012 vintage is newer than the neighborhood’s average construction year of 2001. For investors, this typically translates into stronger competitive positioning versus older stock, with potential to focus capital plans on targeted modernization rather than full system overhauls.
Tenure dynamics signal a deep tenant base: at the neighborhood level, an estimated 73.2% of housing units are renter-occupied, indicating robust multifamily demand and supporting occupancy stability. At the same time, the neighborhood’s occupancy rate has moderated versus five years ago, a factor to monitor in underwriting and lease management.
Within a 3-mile radius, demographics show population growth alongside a larger household count and rising incomes, pointing to a gradually expanding renter pool. Forecasts through 2028 indicate additional population and household gains, which should sustain demand for well-located units and support long-term absorption, based on CRE market data from WDSuite.
Ownership costs are elevated relative to incomes in this submarket (high national percentiles for home values and value-to-income). In practice, a high-cost ownership market tends to reinforce reliance on multifamily housing, which can aid lease retention and pricing power, while a higher rent-to-income ratio warrants attentive renewal and concession strategy.
Safety outcomes in this neighborhood trend weaker than both the metro average and national norms. The area ranks near the bottom among 621 San Diego metro neighborhoods for reported crime, and national comparisons place it in a low safety percentile. Investors often address this with enhanced on-site security, lighting, and resident engagement programs, and by reflecting operating considerations in budgets and underwriting.
Recent year-over-year indicators suggest property and violent incident rates have not improved materially. Framing risk at the neighborhood level — rather than at the property or block — is prudent; monitoring trends and coordinating with professional security vendors can help support resident retention and day-to-day operations.
Proximity to major employers in energy, defense/aerospace, biotech, and telecommunications supports a broad white-collar and technical workforce, bolstering renter demand and lease retention in the surrounding submarket.
- Sempra Energy — energy (1.0 miles)
- Sempra Energy — energy (1.7 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (8.5 miles)
- Celgene Corporation — biotechnology (13.3 miles)
- Qualcomm — telecommunications (13.9 miles) — HQ
1985 National Ave offers newer-vintage construction (2012) in an A-rated, amenity-rich Urban Core location. High renter concentration at the neighborhood level supports depth of demand, while elevated ownership costs in San Diego tend to sustain reliance on multifamily housing. According to CRE market data from WDSuite, local occupancy has softened versus five years ago, so returns hinge on asset-level execution: maintaining curb appeal, targeted renovations, and disciplined leasing to capture steady absorption in a convenience-oriented submarket.
Forward-looking demographics within a 3-mile radius point to population and household growth, further expanding the tenant base. Balanced against safety considerations and rent-to-income pressure, this profile suggests durable demand for well-managed units with thoughtful renewal strategy and selective capital improvements.
- 2012 construction provides competitive edge vs. older stock, with targeted modernization potential
- Amenity-rich Urban Core; top-quartile national access to restaurants and daily needs supports leasing
- High renter-occupied share indicates demand depth and potential for stable occupancy
- Risks: below-average neighborhood safety and moderated occupancy call for prudent ops and security planning
- Elevated ownership costs can support pricing power; manage rent-to-income pressure via renewal strategy