| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 84th | Best |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3773 Haines St, San Diego, CA, 92109, US |
| Region / Metro | San Diego |
| Year of Construction | 1972 |
| Units | 28 |
| Transaction Date | 2000-10-06 |
| Transaction Price | $3,000,000 |
| Buyer | GOSSELIN MARK |
| Seller | BAY INVESTORS |
3773 Haines St, San Diego — Multifamily Value-Add in High-Cost Rental Market
Neighborhood data point to deep renter demand and pricing resilience in a high-cost ownership area, according to WDSuite s CRE market data, with renter-occupied housing concentrated at the neighborhood level and location fundamentals supporting long-term leasing.
The property sits in an Urban Core neighborhood rated A (ranked 73rd among 621 metro neighborhoods), indicating competitive fundamentals versus much of the San Diego-Chula Vista-Carlsbad metro. At the neighborhood level, the share of renter-occupied housing is elevated, which supports a deeper tenant base and steadier leasing for multifamily assets.
Daily needs are well covered: grocery access ranks in the top quartile nationally, parks are strong for urban living, and restaurants are comparatively dense. Caf s and pharmacies are less concentrated locally, which may modestly affect convenience but does not detract from the core residential appeal and proximity to broader San Diego amenities.
Home values in the neighborhood track near the top of national comparisons and the value-to-income ratio is also high. For investors, this high-cost ownership landscape tends to sustain reliance on rentals, supporting retention and pricing power for well-positioned properties. Neighborhood rents benchmark high nationally, while rent-to-income sits near metro norms, suggesting manageable affordability pressure that can aid lease management.
Demographic statistics are aggregated within a 3-mile radius: recent years show a modest population dip alongside smaller average household sizes, while forward-looking estimates point to an increase in households. Together with a strong income profile, these dynamics imply a stable or expanding renter pool that can support occupancy over time, based on CRE market data from WDSuite.
Vintage context matters for this asset: constructed in 1972, it is older than the neighborhood s average stock (late-1970s). That age profile can translate to value-add and modernization potential, with capex planning around interiors, building systems, and common areas improving competitive positioning against newer comparables.
Safety trends should be evaluated in context. The neighborhood s overall crime rank is toward the lower end of the metro distribution (below the median, 588th of 621), and national percentiles indicate it sits below safer nationwide peers. Recent year-over-year readings show a modest increase in property offenses and a larger uptick in violent offense estimates. Investors typically account for these signals with targeted security measures, lighting, access control, and attentive management practices.
Framed comparatively, the area is not among the top quartile nationally for safety, nor above the metro median. However, trends can be block-specific and cyclical; underwriting should emphasize property-level controls, local enforcement coordination, and tenant screening to support leasing stability.
Proximity to diversified employers supports workforce housing demand and commute convenience, notably in utilities, aerospace/defense, biotech, and technology the same sectors listed below.
- L-3 Telemetry & RF Products aerospace & defense (6.5 miles)
- Sempra Energy utilities (6.5 miles) HQ
- Celgene Corporation biotech (6.9 miles)
- Qualcomm technology (8.0 miles) HQ
- Sysco foodservice distribution (14.9 miles)
3773 Haines St offers a 28-unit footprint with average unit sizes around 723 sq. ft., positioned in a high-cost ownership market where renter reliance on multifamily housing is sustained. At the neighborhood level, renter concentration is high and home values rank near the top nationally, reinforcing depth of demand and helping support pricing power for well-maintained product, according to CRE market data from WDSuite. While neighborhood occupancy has been softer than metro leaders, forward-looking household growth within a 3-mile radius and strong incomes point to a durable tenant base.
Built in 1972, the asset is older than the area s late-1970s average, presenting clear value-add angles from interior refresh to systems modernization that can lift competitive standing versus newer stock. Amenity access is favorable for groceries, parks, and restaurants, and nearby employment hubs in utilities, biotech, aerospace/defense, and technology help support leasing and retention. Key risks include neighborhood safety readings below metro averages and the need for capex to execute upgrades.
- High-cost ownership market supports renter demand and pricing power
- 1972 vintage offers value-add and systems modernization upside
- Strong employer proximity across utilities, biotech, defense, and technology aids retention
- Risks: below-metro safety readings and softer neighborhood occupancy require active asset management