| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 76th | Best |
| Amenities | 58th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3775 Udall St, San Diego, CA, 92107, US |
| Region / Metro | San Diego |
| Year of Construction | 2000 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3775 Udall St San Diego Multifamily Investment
Neighborhood occupancy is above the metro median with resilient renter demand supported by a high-cost ownership market, according to WDSuite’s CRE market data. This positioning can aid lease stability while leaving room for selective value-add at a 2000-vintage asset.
Located in San Diego’s Urban Core, the surrounding neighborhood is competitive among San Diego-Chula Vista-Carlsbad submarket neighborhoods (ranked 172 of 621; B+ rating). Restaurant density sits in the top decile nationally, while grocery access is also strong, but cafes, parks, and pharmacies are limited within the immediate neighborhood fabric—an operational consideration for marketing and resident experience.
Schools average about 4.0 out of 5 and are top quartile nationally, reinforcing family appeal and potential retention. Median contract rents in the neighborhood are among the highest tiers nationally, and the rent-to-income profile indicates capacity for professional renters without extreme affordability pressure—factors that can support collections and renewals when managed carefully.
The property’s 2000 construction is newer than the neighborhood’s average vintage (1976), suggesting relative competitiveness versus older stock. Investors should still plan for systems modernization and targeted common-area upgrades over the hold to maintain positioning against newer deliveries.
Within a 3-mile radius, demographics point to a stable, higher-income renter base: households increased over the last five years with smaller average household sizes, and projections indicate further household growth alongside rising incomes. This dynamic expands the local tenant pool and supports occupancy and rent durability. Elevated home values (top percentile nationally) signal a high-cost ownership market that tends to sustain multifamily demand, a trend also reflected in San Diego’s Above metro median neighborhood occupancy levels noted by WDSuite.
Safety indicators for the neighborhood track below national averages, with both property and violent offense rates positioned in lower national percentiles. Compared with peer areas in the San Diego-Chula Vista-Carlsbad metro, this places the neighborhood below the metro median for safety; year-over-year trends show a slight improvement in property offenses but an uptick in violent offenses. Investors should underwrite prudent security measures, lighting, and resident engagement, and benchmark performance against comparable Urban Core assets rather than block-level assumptions.
Proximity to established employers supports a steady workforce renter base and commute convenience for residents. Notable nearby anchors include energy, defense/aerospace, biotech, telecommunications, and foodservice distribution employers listed below.
- Sempra Energy — energy (4.2 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (8.0 miles)
- Celgene Corporation — biotech (10.1 miles)
- Qualcomm — telecommunications (11.0 miles) — HQ
- Sysco — foodservice distribution (17.1 miles)
3775 Udall St aligns with demand drivers typical of San Diego’s higher-cost ownership landscape. Neighborhood occupancy is above the metro median and local NOI per unit averages are strong relative to national benchmarks, according to CRE market data from WDSuite. The asset’s 2000 vintage is newer than much of the competitive set, creating an advantage versus older buildings while still offering scope for targeted upgrades to protect rents and leasing velocity.
Within a 3-mile radius, steady population with an increase in households and higher incomes points to a durable tenant base and potential renter pool expansion. Elevated neighborhood home values support renter reliance on multifamily housing, and limited new supply signals continued pricing power if operators balance rent growth with retention and service quality.
- Above metro median neighborhood occupancy supports income stability
- 2000 vintage offers competitive positioning versus older stock with value-add potential
- High-cost ownership market reinforces multifamily demand and renter retention
- 3-mile radius shows growing, higher-income households, expanding the renter pool
- Risks: below-average safety metrics and uneven amenities (cafes/parks) require proactive asset and resident management