| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 12th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 244 50th St, San Diego, CA, 92102, US |
| Region / Metro | San Diego |
| Year of Construction | 2000 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
244 50th St San Diego Multifamily Investment
Neighborhood occupancy is above the metro median and renter-occupied housing is concentrated, indicating a deeper tenant base according to WDSuite's CRE market data. Elevated ownership costs in the area help sustain rental demand and support revenue durability.
Located in San Diego’s Urban Core, the neighborhood posts above metro median occupancy and lands in the top quartile nationally, signaling steady renter demand and supportive leasing conditions for stabilized assets. The renter-occupied share is high relative to national peers, which typically deepens the pool of prospective tenants and underpins renewal probability.
Amenities skew toward everyday convenience: grocery and restaurant density rank strong nationally, while parks, pharmacies, and cafes are limited within the neighborhood footprint. Positioning around access to daily needs and transit corridors can offset the relative lack of green space and boutique retailers.
Home values are elevated versus local incomes (high national value-to-income standing), pointing to a high-cost ownership market that tends to reinforce reliance on multifamily housing. For investors, this backdrop can aid pricing power and lease retention when balanced against rent-to-income affordability pressures and proactive lease management.
Within a 3-mile radius, recent years show a slight population decline alongside rising household counts and smaller average household size. This shift typically expands the renter pool and supports occupancy stability even as demographics evolve. Average school ratings trend low nationally, which suggests demand will skew toward workforce and convenience-driven renters rather than school-driven decision makers.
The neighborhood’s average construction year trends older (late 1980s). With a 2000 vintage, this property is newer than much of the local stock, offering competitive positioning versus older assets while still benefiting from targeted system updates and light renovations over a long hold.
Safety benchmarks track below national percentiles, and the neighborhood ranks below the metro median for crime (454 out of 621 San Diego-Chula Vista-Carlsbad neighborhoods). Investors should underwrite with prudent security measures typical of Urban Core assets.
Recent data indicates a year-over-year decline in property offenses, while violent offense readings remain weaker relative to national comparables. Emphasizing lighting, controlled access, and active management can help support retention and leasing outcomes.
Nearby employers provide a broad white-collar and tech-industrial base that supports workforce housing demand and commute convenience for residents, including Sempra Energy, L-3 Telemetry & RF Products, Celgene, and Qualcomm.
- Sempra Energy — energy (4.1 miles)
- Sempra Energy — corporate offices (4.5 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (8.5 miles)
- Celgene Corporation — biotech (14.3 miles)
- Qualcomm — telecommunications (14.6 miles) — HQ
This 22-unit, 2000-vintage property benefits from neighborhood occupancy that sits above the metro median and ranks strong nationally, paired with a high share of renter-occupied housing that deepens the tenant base. Elevated ownership costs in the area reinforce apartment demand, while the asset’s newer-than-average vintage offers competitive positioning versus older stock and room for selective value-add to enhance durability and rent appeal.
Within a 3-mile radius, household counts have increased as average household size has edged down, pointing to a larger renter pool over time and supportive leasing conditions. According to commercial real estate analysis from WDSuite, these fundamentals, combined with practical amenity access, support stable operations, though investors should account for affordability pressure and local safety considerations in underwriting.
- Above-metro occupancy and high renter concentration support stable tenancy
- 2000 vintage is competitive versus older neighborhood stock with targeted upgrade upside
- High-cost ownership market bolsters apartment demand and retention potential
- 3-mile household growth and smaller household size expand the renter pool
- Risks: below-median safety rankings, affordability pressure, and limited park/cafe amenities