| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 91st | Best |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4150 Cleveland Ave, San Diego, CA, 92103, US |
| Region / Metro | San Diego |
| Year of Construction | 2000 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4150 Cleveland Ave San Diego Multifamily Investment Fundamentals
High renter concentration and a high-cost ownership market indicate durable leasing demand, according to WDSuite s CRE market data. Neighborhood occupancy trends are near broader norms, suggesting stable operations with disciplined asset management.
The property sits within an Urban Core neighborhood of San Diego rated B, competitive among metro options but not in the top tier (ranked 285 out of 621 neighborhoods). For investors, this positioning points to steady demand drivers without the pricing volatility often seen in fringe submarkets.
Livability indicators are mixed: grocery access is comparatively strong (around the 80th percentile nationally), while other tracked amenities appear thinner in the dataset. This supports day-to-day convenience for residents even if entertainment and service density is more reliant on nearby districts.
Renter demand fundamentals are a key strength. The neighborhood shows a high share of housing units that are renter-occupied, and within a 3-mile radius, the renter concentration is even higher, deepening the tenant base for multifamily assets. Median contract rents in the neighborhood sit in the upper decile nationally, while the rent-to-income profile indicates manageable affordability pressure that can support retention with prudent lease management.
Occupancy in the neighborhood is roughly in line with national and metro medians, which aligns with balanced supply-demand conditions. Construction year dynamics also favor this asset: built in 2000, it is newer than the neighborhood s average vintage from the mid-1970s, providing relative competitiveness versus older stock, though investors should still anticipate selective system updates or light modernization to maintain positioning.
Demographics aggregated within a 3-mile radius show recent population and household growth, with forecasts pointing to continued gains through 2028. Rising household counts alongside slightly smaller average household sizes indicate a larger renter pool over time, which supports occupancy stability and lease-up certainty for well-managed properties.
On the ownership side, elevated home values in the neighborhood (high national percentile) reinforce reliance on multifamily housing. This high-cost ownership context tends to sustain rental demand and can underpin pricing power for appropriately amenitized, well-located assets.
Safety indicators for the neighborhood are below national averages, with ranks that place it below the metro median (crime rank relative to 621 San Diego metro neighborhoods). For investors, this suggests underwriting for enhanced security measures and resident engagement to support retention and reputation.
Trend-wise, property offenses have eased over the last year, while violent offense measures have moved higher. Framed comparatively, the neighborhood sits in lower national percentiles for safety, so proactive property management lighting, access control, and partnership with community resources can be important in mitigating risk and maintaining leasing velocity.
Nearby employers span energy, defense/aerospace, life sciences, and technology, supporting a diverse white-collar workforce and commute convenience that helps stabilize renter demand for multifamily in this submarket.
- Sempra Energy energy (2.4 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace offices (4.9 miles)
- Celgene Corporation life sciences (9.8 miles)
- Qualcomm technology & R&D (10.3 miles) HQ
- Sysco foodservice distribution offices (13.9 miles)
4150 Cleveland Ave is a 40-unit asset positioned in an Urban Core neighborhood with steady demand fundamentals. Based on CRE market data from WDSuite, neighborhood occupancy trends are near broader norms and the share of housing units that are renter-occupied is high locally and within a 3-mile radius, supporting a durable tenant base. Elevated neighborhood home values further reinforce reliance on multifamily housing, aiding rent resiliency with disciplined lease management.
Built in 2000, the property is newer than the neighborhood s average vintage from the mid-1970s, offering relative competitiveness against older stock while still benefitting from targeted modernization to sustain rent positioning. Household growth and income gains within a 3-mile radius point to ongoing renter pool expansion, which can support occupancy stability and pricing power over a multi-year hold.
- High renter concentration locally and within 3 miles supports demand depth and leasing stability.
- 2000 vintage offers competitive positioning versus older neighborhood stock with light modernization upside.
- Elevated ownership costs in the area reinforce multifamily reliance and can underpin pricing power.
- Demographic tailwinds growing households and incomes within 3 miles support long-term renter pool expansion.
- Risk: Below-average safety metrics warrant proactive security measures and community engagement in underwriting.