| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 75th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2677 Marathon Dr, San Diego, CA, 92123, US |
| Region / Metro | San Diego |
| Year of Construction | 2000 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2677 Marathon Dr, San Diego Multifamily Investment
Inner-suburb location with resilient renter demand and historically steady neighborhood occupancy, according to WDSuite’s CRE market data. Newer 2000 vintage relative to nearby stock supports competitive positioning versus older assets.
Located in an Inner Suburb of San Diego, the neighborhood scores A- overall and ranks 152 out of 621 metro neighborhoods, placing it in the top quartile among San Diego areas. Restaurant, grocery, and cafe density track above national norms, supporting day-to-day livability and lease retention; however, park and childcare options are limited within the neighborhood footprint, which investors should weigh in amenity planning.
The area’s housing fundamentals are strong: neighborhood occupancy is competitive among San Diego neighborhoods, and the neighborhood’s housing metrics rank in the top quartile among 621 metro neighborhoods. Median home values are elevated for the region and nationally, which tends to sustain renter reliance on multifamily housing and supports pricing power when managed thoughtfully.
The property’s 2000 construction year is newer than the neighborhood average vintage of 1990. For investors, this generally implies fewer immediate capital needs versus older comparables while still allowing for targeted modernization or value‑add upgrades to drive revenue and retention.
Tenure patterns indicate depth in rental demand: the neighborhood shows a high share of housing units that are renter‑occupied, signaling a broad tenant base and potential stability through cycles. Within a 3‑mile radius, recent data show modest population growth and an increase in households, with forecasts pointing to further household expansion and smaller average household sizes by 2028—factors that typically widen the renter pool and support occupancy.
Household incomes in the neighborhood are high relative to national benchmarks, while rents have risen meaningfully in recent years. For multifamily owners, this combination can offer revenue upside but warrants attention to affordability pressure and lease management to maintain retention. Average school ratings are around the middle of the pack locally, which aligns with a broad workforce‑oriented renter profile rather than being a primary draw.
Safety metrics are mixed and should be evaluated alongside property‑level controls. Compared with 621 San Diego metro neighborhoods, the area’s crime rank sits around the middle of the pack, indicating it trails the metro’s safest clusters. Nationally benchmarked indicators suggest below‑average safety relative to U.S. neighborhoods, though recent data show property offenses have eased year over year. Investors commonly offset conditions like these through lighting, access controls, and active management to support resident comfort and retention.
Proximity to diversified employers supports a steady renter base, with strong representation in defense & aerospace, energy utilities, biotech, semiconductors, and distribution—sectors that underpin commute‑convenient workforce housing demand.
- L-3 Telemetry & RF Products — defense & aerospace (2.1 miles)
- Sempra Energy — energy utility (5.7 miles) — HQ
- Celgene Corporation — biotech (8.1 miles)
- Qualcomm — semiconductors (8.2 miles) — HQ
- Sysco — food distribution (10.6 miles)
2677 Marathon Dr is a 25‑unit asset in an Inner Suburb of San Diego where neighborhood occupancy is historically strong and renter concentration is high, supporting depth of demand. The 2000 vintage is newer than the area’s average 1990 vintage, which can reduce near‑term capital exposure while enabling targeted value‑add to enhance competitiveness against older stock. Elevated home values and incomes in the neighborhood, paired with rising rents, point to sustained renter reliance on multifamily housing and potential pricing power when balanced against retention goals.
Within a 3‑mile radius, recent population growth and a notable increase in households—along with forecasts for additional household expansion—indicate a larger tenant base over time, which can support occupancy stability. Based on commercial real estate analysis from WDSuite, neighborhood NOI per unit performance ranks among the metro’s leaders, underscoring durable fundamentals while reminding owners to monitor affordability pressure and localized safety conditions.
- Newer 2000 vintage versus local average, with potential for targeted value‑add
- Strong neighborhood occupancy and high renter‑occupied share support demand depth
- High‑cost ownership market sustains renter reliance and potential pricing power
- 3‑mile household growth and smaller household sizes expand the renter pool
- Risks: below‑average safety relative to national benchmarks; affordability pressure requires active lease management