| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 75th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3441 Ruffin Rd, San Diego, CA, 92123, US |
| Region / Metro | San Diego |
| Year of Construction | 2000 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3441 Ruffin Rd San Diego Multifamily Investment
This 32-unit property built in 2000 positions investors in a high-rent neighborhood with 97.7% occupancy and strong renter demand dynamics according to CRE market data from WDSuite.
The property sits in an A- rated Inner Suburb neighborhood ranking in the top quartile among 621 metro neighborhoods for net operating income per unit at $16,078 annually. Neighborhood-level occupancy reaches 97.7% with 55.1% of housing units renter-occupied, creating a stable tenant base for multifamily operators.
Built in 2000, this property aligns with the neighborhood's 1990 average construction year, positioning it among newer stock that may require less immediate capital expenditure compared to older vintage assets. The area demonstrates strong rental fundamentals with median contract rents of $2,643 and 37.6% five-year rent growth, supported by household incomes averaging $130,811.
Demographics within a 3-mile radius show 110,640 residents with 61.2% of housing units renter-occupied, reinforcing rental demand depth. Forecasted population growth of 6.7% through 2028 and projected household income increases to $149,037 median suggest continued tenant pool expansion and rent growth potential.
The neighborhood scores in the 88th national percentile for grocery store density and 82nd percentile for restaurants, supporting tenant retention through convenient amenities. However, limited childcare and park facilities may affect family renter appeal, requiring consideration in leasing strategies.
Crime metrics show the neighborhood ranking 317th among 621 metro neighborhoods, placing it in the 31st national percentile for safety compared to neighborhoods nationwide. Property offense rates of 1,945 per 100,000 residents declined 9.3% year-over-year, indicating improving trends that may support tenant retention and leasing velocity.
Violent crime rates at 273 per 100,000 residents rank in the lower third regionally, though recent increases of 3.5% warrant monitoring for potential impacts on resident turnover and insurance considerations.
The area benefits from proximity to major corporate employers, including defense contractors and Fortune 500 headquarters that support workforce housing demand.
- L-3 Telemetry & RF Products — defense & aerospace (1.3 miles)
- Sempra Energy — utilities HQ (6.2 miles)
- Qualcomm — technology HQ (7.5 miles)
- Celgene Corporation — biotechnology (7.4 miles)
This 32-unit property offers exposure to San Diego's high-rent Inner Suburb submarket with neighborhood-level occupancy at 97.7% and NOI per unit averaging $16,078 annually. The 2000 construction year positions the asset among newer neighborhood stock, potentially reducing near-term capital expenditure needs while maintaining competitive positioning. Demographic projections show 6.7% population growth through 2028 within the 3-mile radius, supporting continued rental demand depth.
According to multifamily property research from WDSuite, the neighborhood ranks in the top 5% nationally for NOI performance while maintaining rent-to-income ratios that support lease renewal stability. However, the area's crime ranking in the lower third regionally and limited family-oriented amenities may require focused leasing and retention strategies.
- Top 5% national NOI performance at $16,078 per unit annually
- High occupancy environment with 97.7% neighborhood-level stability
- 2000 construction year reduces immediate capital expenditure needs
- Proximity to major employers including Qualcomm and Sempra Energy headquarters
- Crime trends require ongoing monitoring for tenant retention impacts