| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Fair |
| Demographics | 12th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 314 Willie James Jones Ave, San Diego, CA, 92102, US |
| Region / Metro | San Diego |
| Year of Construction | 1988 |
| Units | 31 |
| Transaction Date | 2016-11-29 |
| Transaction Price | $8,975,000 |
| Buyer | JOHNSON TRAVIS O |
| Seller | SABATINI MOORE PROPERTIES INC |
314 Willie James Jones Ave San Diego Multifamily Investment
This 31-unit property offers exposure to San Diego's renter-heavy market with neighborhood-level occupancy at 96.2% and strong grocery access, according to CRE market data from WDSuite.
The property sits within an Urban Core neighborhood where 66.2% of housing units are renter-occupied, ranking in the top 4% nationally for rental tenure density. This concentration of renters supports consistent tenant demand and lease-up velocity for multifamily operators. Neighborhood-level occupancy stands at 96.2%, positioning above the 78th percentile nationally and indicating stable absorption patterns despite broader market pressures.
Built in 1988, the property aligns with the neighborhood's average construction year of 1989, suggesting opportunity for value-add improvements and modernization to capture rent premiums. The area demonstrates strong grocery access with 4.12 stores per square mile, ranking in the 94th percentile nationally, which enhances tenant retention through daily convenience. Restaurant density also ranks in the 94th percentile nationally, supporting walkable lifestyle appeal.
Within a 3-mile radius, demographic data shows household income growth of 88.3% over five years, with median household income reaching $71,194. Projections through 2028 indicate continued income growth of 53%, potentially supporting rent escalation and tenant retention. The renter-occupied share of 58% within the broader area reinforces the rental demand foundation, though elevated rent-to-income ratios warrant careful lease management and renewal strategies.
Home values averaging $459,530 with 78% growth over five years create ownership cost barriers that sustain rental demand. However, the high value-to-income ratio of 9.6 ranks in the 97th percentile nationally, indicating affordability pressures that could affect tenant turnover and require competitive positioning on renewals and concessions.
Crime metrics place this neighborhood below metro averages, ranking 454th among 621 San Diego metro neighborhoods and in the 24th percentile nationally. Property offense rates of 3,543 per 100,000 residents rank in the 4th percentile nationally, indicating elevated property crime compared to other neighborhoods nationwide.
Violent crime rates of 1,290 per 100,000 residents also rank in the 3rd percentile nationally, though recent trends show property crime declining 16% year-over-year while violent crime increased 35.6%. Investors should factor security considerations and tenant perception into property management strategies, including lighting, access control, and community engagement initiatives that can help mitigate resident turnover related to safety concerns.
The San Diego employment base includes several major corporate anchors within reasonable commuting distance, supporting workforce housing demand for the property's tenant profile.
- Sempra Energy — energy utilities (4.0 miles) — HQ
- Wells Fargo ATM — financial services (4.3 miles)
- L-3 Telemetry & RF Products — defense & aerospace (8.5 miles)
- Qualcomm — technology (14.6 miles) — HQ
- Celgene Corporation — biotechnology (14.3 miles)
This 31-unit property built in 1988 offers value-add potential in a neighborhood with exceptionally high rental tenure density and stable occupancy fundamentals. The 96.2% neighborhood occupancy rate and 66.2% renter-occupied housing stock create a supportive environment for consistent lease-up and renewal activity. Strong demographic income growth of 88% over five years, with projections indicating continued expansion through 2028, provides a foundation for rent growth, though elevated rent-to-income ratios require careful positioning and competitive renewal strategies.
The property's 1988 vintage aligns with neighborhood norms and presents modernization opportunities to capture market premiums in an area with high ownership costs that sustain rental demand. Commercial real estate analysis from WDSuite indicates the neighborhood's grocery and restaurant density rank in the 94th percentile nationally, supporting tenant retention through walkable convenience. However, crime metrics below metro averages and in lower national percentiles present ongoing management considerations for security and tenant satisfaction.
- High rental tenure density (66.2%) and stable 96.2% neighborhood occupancy support consistent demand
- Strong income growth trends (88% over 5 years) with continued projections through 2028
- Value-add opportunity through modernization of 1988-vintage property
- Elevated ownership costs ($459,530 median) sustain rental market demand
- Risk considerations include below-average crime metrics and elevated rent-to-income ratios requiring active management