| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 75th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3485 Ruffin Rd, San Diego, CA, 92123, US |
| Region / Metro | San Diego |
| Year of Construction | 2000 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3485 Ruffin Rd, San Diego Multifamily Investment
Neighborhood occupancy is strong and renter demand is reinforced by high household incomes, according to WDSuite’s CRE market data, positioning this 37-unit asset for stable operations in an inner-suburban San Diego location.
Situated in an Inner Suburb of San Diego, the surrounding neighborhood rates A- and ranks 152 out of 621 metro neighborhoods, indicating performance above the metro median in several investor-relevant categories, per WDSuite’s commercial real estate analysis. Neighborhood occupancy is in the top quartile nationally, supporting lease-up and retention at the submarket level (this metric reflects the neighborhood, not the property).
Day-to-day convenience is a strength: grocery and restaurant density are both top quartile nationally, while cafes are competitive among San Diego neighborhoods (ranked 134 of 621). Parks and pharmacies are limited within immediate proximity, and childcare options are sparse, which may modestly affect family-oriented appeal relative to other San Diego areas.
Housing fundamentals skew favorable for rentals. The share of renter-occupied housing units in the neighborhood is elevated (above national norms), indicating a deep tenant base and consistent demand for multifamily product. Elevated home values locally—paired with a high value-to-income ratio—tend to sustain reliance on rental options, bolstering demand depth and pricing power for professionally managed communities.
Within a 3-mile radius, demographics point to a larger and higher-earning tenant pool: population and households have grown in recent years, and incomes are rising from a high base. Educational attainment is also strong (top quartile nationally for bachelor’s degree share), which can support renter stability and renewal rates. Forward-looking neighborhood data from WDSuite suggests continued renter pool expansion, which should support occupancy stability across cycles.
The average construction year in the neighborhood is 1990, while the subject property’s 2000 vintage is newer than the local average—helping competitive positioning versus older stock, though investors should still plan for modernization of building systems typical of a 2000-era asset.
Safety indicators are mixed in a metro and national context. The neighborhood’s overall crime rank is 317 out of 621 San Diego metro neighborhoods—near the metro midpoint—while national comparisons place the area below the national median for safety (lower national percentiles indicate relatively higher crime). Investors should underwrite with conservative assumptions around security and operating practices.
Trend-wise, property offense estimates have improved year over year (declining in the latest period), according to WDSuite’s data. Even with recent improvement, prudent measures—lighting, access controls, and resident engagement—can help support retention and operational stability.
The area around Kearny Mesa and Mission Valley provides a diversified employment base that supports renter demand through short commutes to defense, energy, biotech, and technology employers listed below.
- L-3 Telemetry & RF Products — defense & aerospace (1.3 miles)
- Sempra Energy — energy utilities (6.3 miles) — HQ
- Celgene Corporation — biotechnology (7.4 miles)
- Qualcomm — wireless & semiconductors (7.5 miles) — HQ
- Sysco — food distribution (10.1 miles)
3485 Ruffin Rd is a 37-unit, 2000-vintage property positioned in an inner-suburban San Diego neighborhood that shows strong renter fundamentals. Neighborhood occupancy sits in the top quartile nationally and the concentration of renter-occupied housing units is high, supporting depth of tenant demand. Elevated home values and a high value-to-income ratio in the area tend to reinforce reliance on rentals—favorable for pricing power and lease retention in professionally managed multifamily. Based on CRE market data from WDSuite, the property’s newer-than-average vintage versus local stock strengthens competitive positioning, while investors should plan for typical system updates for a 2000-era asset.
Within a 3-mile radius, population and household counts have trended upward and are projected to continue growing, alongside rising incomes. This combination, together with strong educational attainment, points to a larger and more resilient renter base that supports occupancy stability and renewal potential. Amenities are robust for daily needs, though limited parks and pharmacies nearby and safety metrics near the metro midpoint warrant conservative underwriting.
- High neighborhood occupancy and strong renter concentration support stable demand
- 2000 vintage offers competitive positioning versus older local stock, with targeted modernization upside
- Elevated ownership costs locally reinforce rental reliance and potential pricing power
- 3-mile demographics show growing, higher-income renter pool supporting renewals and lease-up
- Risks: limited nearby parks/pharmacies and safety near metro midpoint; underwrite conservative Opex and security