| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 65th | Good |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4055 Arizona St, San Diego, CA, 92104, US |
| Region / Metro | San Diego |
| Year of Construction | 2000 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4055 Arizona St San Diego Renter-Dense Urban Core Multifamily
Neighborhood occupancy sits around 94.3% and a high renter concentration supports durable leasing, according to WDSuite s commercial real estate analysis. Amenity-rich, walkable fundamentals indicate consistent renter demand relative to the broader San Diego metro.
The property sits in an Urban Core neighborhood with an A rating and ranks 29 out of 621 metro neighborhoods, placing it in the top quartile among San Diego-Chula Vista-Carlsbad areas, based on CRE market data from WDSuite. Local living patterns are renter-heavy: the neighborhood 7s renter-occupied share of housing units is about 80.5% (rank 16 of 621), indicating a deep tenant base for multifamily operators and support for occupancy stability at the neighborhood level.
Daily-life access is a strength. Restaurant and grocery density are near the top of national comparisons (restaurants and groceries both around the high-90s national percentiles), with strong café presence as well. Parks and pharmacies index well, reinforcing walkability and convenience that typically aid retention and lease-up. Median contract rent in the neighborhood trends toward the higher end regionally, which pairs with a rent-to-income ratio around 0.22 26mdash;an affordability profile that calls for attentive lease management but also signals pricing power in quality assets.
Within a 3-mile radius, population and household counts have been growing, with projections showing continued population growth and a meaningful increase in households by 2028. A rising household base alongside smaller average household sizes points to ongoing renter pool expansion that can support absorption and maintain occupancy. Median and mean household incomes in the 3-mile area are trending upward, which can underpin rent levels while helping mitigate near-term affordability pressure.
For context on competitive positioning, neighborhood median home values sit in a high-cost ownership market (nationally above the 90th percentile). Elevated ownership costs tend to sustain reliance on multifamily rentals, aiding tenant retention. Average NOI per unit for the neighborhood indexes above national medians (upper-70s percentile), suggesting operational potential for well-managed assets. The asset 27s 2000 vintage is newer than the area 27s average construction year (1982), offering relative competitiveness versus older stock, though investors should still plan for modernization of systems and finishes as part of long-term capital planning.
Safety indicators for the neighborhood trend below metro and national averages, per CRE market data from WDSuite. In metro ranking terms, the area sits closer to the lower end among 621 neighborhoods, and national percentiles point to comparatively higher reported offense rates versus many U.S. neighborhoods.
For investors, this suggests underwriting for security measures, lighting, and access controls, and emphasizing property management practices that support resident comfort and asset performance. Monitoring local trendlines and coordinating with community resources can help manage risk without relying on block-level assumptions.
Nearby employers span utilities, defense and aerospace, biotech, semiconductors, and food distribution, supporting a diverse workforce renter base and commute convenience for residents.
- Sempra Energy utilities (2.7 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace (4.9 miles)
- Celgene Corporation biotech (10.2 miles)
- Qualcomm semiconductors (10.6 miles) HQ
- Sysco food distribution (13.7 miles)
This 25-unit asset benefits from a renter-dense Urban Core location where neighborhood occupancy is around 94.3%, strong amenities rank among the best in the metro, and ownership costs are elevated relative to incomes 26mdash;factors that typically sustain multifamily demand and retention. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile among 621 metro neighborhoods, and the 3-mile radius shows population growth and a notable increase in households, which supports a larger tenant base over the medium term.
Built in 2000, the property is newer than the area 27s average vintage, offering competitive positioning versus older stock while still warranting targeted modernization to maintain rentability. Key considerations include managing affordability pressure, monitoring neighborhood safety metrics, and prioritizing asset-level security and resident experience to protect occupancy and pricing power.
- Renter-heavy neighborhood and ~94% neighborhood occupancy support demand stability
- Amenity-rich Urban Core setting aids leasing velocity and retention
- 2000 vintage offers relative competitiveness with value-add modernization potential
- High-cost ownership market reinforces multifamily reliance and pricing power
- Risks: below-average safety metrics and affordability pressure require proactive management